Scroll down to view all luxury Observatory Park homes for sale and real estate, located in Denver, Colorado. Observatory Park homes for sale and real estate listings are updated daily. Observatory Park benefits from being just east of the University of Denver, which provides lots of opportunities for entertainment and education. It’s a wonderful, established neighborhood with lots of mature trees. The Chamberlain Observatory, off Evans in the Park, is on the National Register of Historic Places. There are frequent events and the observatory. Commuting to Denver or Aurora is easy from here.
Observatory Park Homes For Sale Market Trends Report
Happy New Year! Below are four graphs that show the market trends for Observatory Park Homes For Sale for January 2019. The First graph shows that prices have risen considerably over the past five years. The median sold price has gone up from around $600,000 to $1,300,000! However, the market is slowing down and we are currently have a buyer’s market in Observatory Park. The second graph shows that the months of inventory is up to 26 months. Anything over six months is considered a buyer’s market. Part of this spike is seasonal and part is that there are more homes for sale and less homes selling in Observatory Park. The third graph shows the number of homes sold over the past year by month. Only three homes sold in Observatory Park in December 2018 and only one home has sold so far this month. The fourth graph shows the average list to sold price ratio. It goes up and down but overall, homes in Observatory Park are tending to sell for less than asking price. Right now, homes that are selling are having a closed price around 90% of the original list price. Some sellers are pricing homes based on how the market conditions were over the last couple of years where homes were selling very quickly for high prices. This is causing some homes to have multiple price reductions until they are priced at market value. All of these graphs show a cooling real estate market in Observatory Park. If you’re thinking about buying a home in Observatory Park, 2019 is a great time to buy now that it’s a buyer’s market. If you’re thinking about selling in this market, you need a realtor who knows how to price homes precisely and get homes sold so you can net the most amount of money at closing. We can help you do that with our full-service 1% listing commission. To learn more visit SellAHomeForOnePercent.com, contact an Observatory Park Realtor® or call 720-408-7409. There’s never any obligation or high-pressure sales.
View Past Observatory Park Homes For Sale Market Reports:
All Luxury Observatory Park Homes For Sale & Real Estate
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To learn more about any Observatory Park homes for sale or to receive email notifications when homes are listed for sale in Observatory Park, call 303-550-8563 or contact an Observatory Park REALTOR®.