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Absorption Rate for Condominiums and Lofts in Downtown Denver | LoDo | Riverfront | $200,000 - $500,000

By
Real Estate Agent with HomeSmart Realty

LoDo | Riverfront | Downtown Denver

$200,000 - $500,000 price range

12 Month Evaluation - 48 sold properties in last 12 months.  48 divided by 12 months equals 4 properties sold per month.  There are currently 96 active comparable properties on the market.  96 divided by 4 equals 24 months of worth of inventory.  This means a strong buyers market.


 

Sold Count 48  
Avg Total DOM 180    
 
  Original List Sold Net Sold
Average Price $382,310 $350,573 $330,394 $329,016
Median Price $359,900 $319,975 $307,500 $306,000
 
Avg Price/SqFt $325 $301 $286 $285
Avg Price/Fin SqFt $325 $286 $286 $285
Avg Price/Acre        
 
% of List     94.2 % 93.9 %
% of Orig     86.4 % 86.1 %
 
Lowest Price $200,101 $205,000 $200,000 $197,500
Highest Price $899,900 $584,900 $500,000 $500,000
High/Low Range $699,799 $379,900 $300,000 $302,500
Mode Price   $300,000 $305,000 $305,000
Volume Price $18,350,885 $16,827,484 $15,858,904 $15,792,760

Lodo Lofts

Posted by

Jane Wallace, CRS
Broker Associate

Comments(2)

Team Honeycutt
Allen Tate - Concord, NC

Thank you for sharing your absorption rate statistics in Denver with us.  It is always interesting to compare them with our individual areas.

 

 

 

 

Betty

Sep 26, 2009 05:37 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Jane, Thanks for the information and for the beautiful photo of my old home city :-)

Oct 07, 2009 01:53 PM