Denver Neighborhood Diary: Entry One

July 15th, 2018

Dear Denver Diary,

Today we fall in love with the beautiful Wash Park neighborhood all over again. Being such a great escape from the sometimes chaotic downtown scene, Washington Park is one of the most peaceful communities in Denver. Locals gave birth to the notorious abbreviation “Wash Park” –and it has been evolving ever since. Wash Park is Denver’s very own Central Park with mountain views.

Wash Park makes souls smile. It’s not very often an urban neighborhood like this offers such a lush environment. We discovered Wash Park to be the perfect place for any family looking for that tranquil, laid back, city lifestyle. From multi-million dollar contemporary homes to some historic, brick, Victorian homes, we promise this location has something for every home buyer. Some say a sunset and those mountain views from the banks of Smith Lake will even take your breath away. An ideal day in the neighborhood involves a stroll around the 2.4 mile Wash Park loop and finding the perfect spot for a meditation underneath one of the many tall, majestic trees at the park.

We love to support our local business in the neighborhood! Be sure to check out Wash Park Chiro for an adjustment, Crossfit Wash Park for a workout you will never forget, and when you’re ready to buy, come see yours truly at Walters and Company Real Estate Services! Conveniently within walking distance of the park, one of Denver’s most up and coming hot spots–South Broadway, dubbed SoBo– is crawling with the best shops and eats. If you’re looking to get in shape, just consider Wash Park the fitness capital of Denver! Walk, jog, run, bike, kayak, paddle board, yoga–we do it all here.

We will never forget the day we fell in love with Wash Park.

Until next time,

Walters and Company

Denver’s 2018 Real Estate Hot Spots

newlogo1Testing…is this thing still on? It has been some time since we here at Walters & Company have connected with our friends and community about the world of Real Estate News and happenings in the Denver area. Along with the fresh start a new year always brings, we hope to expand our social media presence in 2018 in an effort to bring our followers up-to-date information and stay connected with our community. We are so pleased to have you along for our journey!

2018 is off to a hot-market start here in the Denver area. Last year, Denver home prices were appreciating at a pace that put Denver in the top 5 housing markets in the country. However, this appreciation in home pricing slowed a bit towards the end of 2017, allowing other markets with accelerating prices to catch up (according to the latest S&P CoreLogic Case-Shiller Indices.) This tends to happen when prices are continuing to appreciate rapidly – the numbers eventually plateau once they can no longer be sustained at that pace. At the end of 2017, Denver maintained a 7 percent rate of appreciation in home prices. The average increase for the 20-city study conducted by S&P CoreLogic Case-Shiller was 6.3 percent, which marked the 28th month that home price gains nationally have run above 5 percent; Denver still remains a hot market!

Speaking of hot, let’s take a moment to focus on a few of Denver’s “hottest” neighborhoods for 2018. According to Redfin, the three hottest spots for Denver homes are in the Green Mountain area of west Lakewood, the Applewood area also in Lakewood, and the Regis neighborhood in North Denver.

In west Lakewood, the gateway to the Rockies, you will find the Green Mountain neighborhood. Homes there have an average sale-to-list price ratio of 99%; 22% sold over list price (as of December,) and homes spent an average of just 28 days on the market. Talk about hot!

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Green Mountain Neighborhood

 

Homes in the Applewood neighborhood of Lakewood have an average sale-to-list price ratio of 97.3%; 8% sold over list price (as of December,) and homes spent an average of 55 days on the market. Applewood is a wonderful part of Lakewood and deserves a look from anyone in the market!

ApplwoodCGCoors
North Table Mountain from an Applewood Neighborhood

Finally, Redfin points to the Regis area as one of Denver’s hottest neighborhoods for 2018. Homes in this area have an average sale-to-list price ratio of 100.4%; 54.8% of homes sold over list price (as of December,) and homes spent an average of just 46 days on the market. With its close proximity to the city and access to major highways, Regis is an awesome neighborhood with huge potential.

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View of the Front Range from Regis University’s campus

So there you have it – a quick update on Denver’s hot spots as they’re shaping up for 2018; we’re off for another week in the world of Denver real estate life. Stay updated on all things Walters & Company by following us on Facebook, Instagram, and Twitter. Thanks for reading!