SOBO Denver Condos - Update

By
Real Estate Broker/Owner with The Brian Petrelli Team - Metro Brokers ER0027363

One of the most anticipated new communities in Denver is ther SOBO Condos (South Broadway). New units are selling now, and many clients have been inquiring about the complex.

As the demand from Buyers continues to outpace available inventory, we are monitoring the supply of Denver Condos every day, watching for homes as they are entered into the MLS. We just created this report for one of our team's clients, and thought it was worth posting here.

Market Statistics:

  • Active SOBO Condos on the market: 11.
  • Active Denver Condos on the market: 785.
  • There are Currently 8 under contract SOBO Condos on the market.
  • There are currently 454 under contract Denver Condos on the market.
  • There are 4 Denver foreclosures on the market.
  • Average prices increased $27,500.00 over the last year from $232,500 to $260,000.


We will continue to monitor this neighborhood and detail the findings here. We hope to see a price increase in the weeks and months ahead.

While this is a general overview of the current market, we can create a more detailed, personalized report for your needs. Our team is always happy to help. Give us a call today at 303-726-1874.


SOBO Denver condos for sale

SOBO Denver Sold Home Data By Month
(Past 5 Years)

 
Year January February March April May June July August September October November December
2019 1 0 0 0 0 0 0 0 0 0 0 1
2018 0 0 0 1 0 1 1 0 0 0 1 1
2017 0 0 0 0 0 2 0 0 0 0 0 0
2016 0 0 0 0 0 0 0 0 0 0 0 0
2015 0 0 0 0 0 0 0 0 0 0 0 0

Recent Sold SOBO Denver Condos*:

This is a list of the most recent sold Condos. Visit our website for a complete list of all Sold SOBO Denver Condos.
Address Sqft Beds Baths Price Close Date
85 N Grant Street 641 2 1 $260,000 2020-03-03
85 N Grant Street 554 1 1 $175,000 2019-12-23
85 N Grant Street 641 2 1 $272,500 2019-01-31


*This is list of the most recent sold homes for the SOBO Denver area. Not all homes were sold by The Brian Petrelli Team.

Based on information from REcolorado®, Inc. for the period 2015 through 2020 Note: This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market.



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Brian Petrelli

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