Denver Neighborhood Highlights from 5280 Magazine

Those of us in the Denver real estate industry have been eagerly awaiting the 5280 Magazine Real Estate 2009 , also known as their May edition.  The main article is "Your Home is Worth More Than Your Think," appropriate given recent activity in the Denver market, but also due to the neighborhoods 5280’s reader demographic live in.  This year’s feature has several interesting pieces on the local Denver real estate market including pieces on going green, why the market is ripe for refinancing, the Spire condo project in downtown Denver, return on your investment from remodeling, and investing in real estate with your IRA.

Denver Neighborhoods with the Greatest Price Increases

Given all the national real estate gloom that makes its way through the media, it’s always nice to have hard numbers in print on how well-established neighborhoods in Denver have been performing.  Here’s 5280’s Elite Eight pick from this year:

• Baker, average sold price of $255,000, up 8% from 2007.
• Berkeley East, average sold price $314,000, up 7% from 2007.
• Cherry Creek, average sold price $1,161,000, up 11% from 2007.
• East Highland, average sold price $296,000, up 7% from 2007.
• Platt Park South, average sold price $402,000, up 4% from 2007.
• Rosedale, average sold price $360,000, up 17% from 2007.
• University Hills, average sold price $303,000, up 6% from 2007.
• Wash Park West, average sold price $705,000, up 8% from 2007.

It’s good to see bright spots in the Denver real estate market and that people can still find good values when buying a home or condo around town.  This is also encouraging to sellers in today’s market since it shows price stability and the ability to still grow equity in some Denver neighborhoods.

To see what’s currently available, visit the Mile High Urban Living Denver Home Search for a free interactive look at the market, or explore your neighborhood with a Market Snaphot .