Denver Lower Downtown (LoDo) Real Estate Market Update
T he Denver LoDo real estate market is pretty much entirely made of condos. September has continued to be challenging for the condo market with 403 condos currently for sale in LoDo with 19 closed sales. Using the most recent sales volume, there are 92 weeks of inventory available. 20 sales closed in August. Condos that sold this month were on the market for an average of 157 days with an average sales price of $399,000.
There’s currently an excess of inventory in the Denver LoDo condo market from new construction and we’re seeing prices move down to meet the market demand. There are 43 condos currently under contract. Since these may close anywhere within the next 1-45 days, closed sales in the next month or two may increase.
|
Condos (Sep 2008)
|
Denver LoDo
|
|
| Active Listings |
403
|
|
| Under-Contract |
43
|
|
| Sold |
19
|
|
| Average Days on Market |
157
|
|
| Average Sold Price |
$399,436
|
|
| Price per sqft |
$331
|
|
| Price per finished sqft |
$331
|
|
| % Sale/List Price |
97.54%
|
|
| %Original/List Price |
94.39%
|
|
To find more information on condos in LoDo or another area you’re interested in, contact The Shuler Group at Info@TheShulerGroup.com or (303) 289-7009.
Search Now for Condos in Denver Lower Downtown (LoDo)
 |
 |
Comments on this entry are closed.