It’s time to study up on neighborhood values in Denver. Who knows when you will be at a cocktail party and need to recite the price per square foot in one or two of Denver’s hundreds of neighborhoods?
Year end 2008 sales in Denver metro revealed the following neighborhoods as selling for the most dollars per square foot.
| Neighborhood | Average Sold Price |
Average Price Per Square Foot |
|
| 1 | Cherry Creek | $875,707 | $344.96 |
| 2 | Washington Park | $526,790 | $341.72 |
| 3 | Hilltop, Crestmoor | $868,315 | $339.09 |
| 4 | Belcaro, Bonnie Brae, Stokes, Polo Grounds | $693,820 | $327.68 |
| 5 | Country Club | $806,971 | $325.50 |
| 6 | Virginia Village, Washington | $484,004 | $317.23 |
| 7 | Cory-Merrill, Bonnie Brae South | $360,000 | $317.18 |
| 8 | University park, Observatory | $902,839 | $309.16 |
| 9 | Union Station, LoDo | $645,333 | $279,77 |
| 10 | Hale, Mayfair | $350,224 | $273.03 |
| 11 | Platt Park | $437,192 | $269.27 |
| 12 | Congress Park | $404,749 | $266,44 |
| 13 | Rosedale | $346,667 | $263.56 |
| 14 | Speer | $236,000 | $259.38 |
| 15 | University | $458,589 | $249.45 |
| 16 | Highlands, North Denver | $309,532 | $244.92 |
| 17 | Sloan Lake | $333,600 | $242,88 |
| 18 | Highland | $315,544 | $242.15 |
| 19 | Park Hill | $313,141 | $241.49 |
| 20 | City park West | $175,000 | $238.42 |
On the opposite end of the spectrum, Denver has some neighborhoods that are selling well below the average price. If you are an investor, first time home buyer or a savvy buyer looking to make a sweet deal on a house for not a ton of money, here are the neighborhoods that were offering you some choices:
| Neighborhood | Average Sales Price | Average Price per Square Foot |
|
| 1 | Montebello | $96.486 | $73.83 |
| 2 | Westwood | $83,266 | $79.17 |
| 3 | Barnum | $79,407 | $81.59 |
| 4 | Green Valley Ranch | $150,165 | $82.54 |
| 5 | Valverde | $78,603 | $86.39 |
| 6 | Villa Park | $82,531 | $87.02 |
| 7 | Gateway, Parkfield | $130,644 | $87.17 |
| 8 | Athmar Park | $101,453 | $90.63 |
| 9 | College View | $117,078 | $106.24 |
| 10 | Goldsmith | $288,000 | $110.18 |
| 11 | Chaffee park | $96,472 | $110.36 |
| 12 | Mar Lee | $119,716 | $111.10 |
| 13 | East Colfax | $90,047 | $120.76 |
| 14 | Bear Valley | $203,200 | $120.76 |
| 15 | Barnum West | $120,000 | $123.58 |
| 16 | Ruby Hill | $135.250 | $125.78 |
| 17 | Sun Valley | $121,000 | $142.02 |
| 18 | Harvey Park | $170,201 | $147.37 |
| 19 | Clayton | $$159.371 | $150.39 |
| 20 | Marston | $289,000 | $152.99 |
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About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
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4 Comments
This is a great blog we’re going to follow you, and we’ll let people know you’re here! We saw you on Twitter, once again great articles for anyone in Denver. Thanks, Bob lewis
What is the average square foot selling price for the 5 Points area?
At the time of this writing the stats for “Five Points, Curtis Prk, Ballpark were:
172 Days on market
$326,180 Avg Sold
$190.86 Avg SF $
5 units sold
I realize this isn’t specific to Five Points alone.
Are you looking to purchase a home in Five Points?
I think it should be noted how the average price of the homes selling in various neighborhoods affects the price per sq ft, so your ranking might not be a truly accurate picture. IE. University Park vs Bonnie Brae South have dramatically different avg sales prices, lower priced/smaller homes typically sell for more price per sq ft.