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Westerly Creek Neighborhood: The latest updated stats.
Westerly Creek Neighborhood: The latest updated stats.

Wow. A couple of months ago I wrote a blog about the newly named area of Denver(we named it)that is quickly becoming the best investor neighborhood in Denver. Westerly Creek. The latest statistics prove it.
A few quick bullet points. The KnopHomeTeam has been tracking the Westerly Creek neighborhood and in 3 month increments these show statistics over the last quarter compared to the previous one and then this same time frame last year.
In solds: The last 3 months there has been 26 homes sold with only 30 on the market currently.
Sold DOM: From 80 to 58 now 51
Med Sales price: From $100,000 to $102,000 to now $122,000 WOW
Absorption Rate: From 10.67/month to 6.87/month to now 8.67/month
Sold Price Per Square Foot: $122/ft to $117/ft to now $138/ft Double WOW
With on the market homes in the Westerly Creek neighborhood averaging $146/ft and under contract is $139/ft it seems like these trends will continue upward. There are 30 Active listings and 18 under contract. 
Deals are still being had in the area so please give the KnopHomeTeam a call. We are the experts in the area. There are several ... more

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