The city’s housing market appears ripe for change as the median closing price of a home fell in late May from April, according to the last report by the Denver Metro Association of Realtors.
Yes, but: The decline was only about a quarter of a percentage point, according to Andrew Abrams, chairman of DMAR’s market trends committee.
The big picture: Price gains are stabilizing and inventory increases could prove to be “the first signs that the gravity of higher mortgage rates may finally be starting to bring the Denver metro housing market down to earth.” reports the Denver Post.
- The stock of single-family homes has increased by 111.6% compared to 2021.
Here’s a collection of ads across the subway, all under $1 million.
Why we love it: Mountain views from this quaint, open-concept condo are best enjoyed from a deck off the living room.
Piece: Lincoln Park
Real estate agent: Katie Thomas, Corcoran Perry & Co.
Specifications: 1 bed, 1 bath, 637 square feet
Notable Features: Bonus walk-in closet. Common laundry room. A reserved parking space and ample storage space.
Why we love it: Amenities at this condominium include a heated swimming pool, sauna, gym, entertainment center, media room, locked bike storage and an outdoor deck with BBQ for entertaining.
Piece: American parliament
Real estate agent: Marie Ebel Decherd, Equity Colorado Real Estate
Specifications: 2 beds, 1 bath, 938 square feet
Notable Features: Sixth level, west facing with city and mountain views. Granite slabs, white shaker cabinets, breakfast bar, stainless steel appliances and subway tiles. Wood fireplace and closed porch. Dedicated underground parking space.
Why we love it: The open space has large windows bringing in natural light. A wrap-around balcony provides generous outdoor living space. In addition, this condo is in a very walkable area.
Piece: central park
Real estate agent: Ken Greenfield, Corcoran Perry & Co.
Specifications: 2 beds, 3 baths, 1,676 square feet
Notable Features: Modern sun shades, contemporary tiling. The master suite has a large vaulted ceiling with a dressing room and a five-piece bathroom, including a large shower and a deep soaking tub. Energy efficient furnace and tankless water heater.
Why we love it: This spacious, freshly remodeled brick home – built in 1954 – has well-maintained wood floors, a pergola-covered patio, and natural light flooding the interior.
Piece: Harvey Park
Real estate agent: Shannon Garcia, Keller Williams Realty Downtown LLC
Specifications: 4 beds, 3 baths, 2,192 square feet
Notable Features: Renovated kitchen equipped with stainless steel appliances. Oversized garage for one car. Exit windows, walk-in closet and a fully updated bathroom in the master bedroom.
Why we love it: This home’s original porch, hardwood floors, and fireplace offer architectural cues reminiscent of a bygone era, while all essentials have been updated for modern comfort.
Piece: City Park West
Real estate agent: Melinda Howlet, Compass
Specifications: 3 bedrooms, 2 bathrooms, 2,044 square feet
Notable Features: Dining room with rich cabinetry, granite counter tops and stainless steel fixtures including a range hood. Finished basement.
Why we love it: Modern finishes combine with the historic character of this corner unit in the historic Ice House building. This industrial home enjoys easy access to Union Station, McGregor Square and Coors Field.
Real estate agent: Courtney Ranson, milehimodern
Specifications: 2 bedrooms, 2 bathrooms, 1,260 square feet
Notable Features: 14′ ceilings, exposed brick. Freestanding fireplace and hardwood floors. Large windows, outdoor balcony. Two parking spaces in a tandem garage, a dedicated storage unit and a fitness center.