It’s been a good year to buy and sell homes in Denver’s Country Club neighborhood. You may not believe it if your house is currently on the market, but to consider that houses over $1M are selling at all is pretty impressive. And for those sellers whose houses are currently on the market, keep reading.
Historically, Country Club has always boasted the highest Days on Market – there’s not even a close second – of any central neighborhood in Denver. I referenced this mindset about three years ago when I talked about the sellers that don’t really have to sell. Times have changed, apparently. In 2009, a year after I wrote that article, homes took an average of 165 days to sell, 40 days over the city average. Last year, however, homes sold two months faster than the previous year. Plus, the average sales price was higher. As I reported yesterday, Driving Park Historic district saw an impressive volume of homes sell in that neighborhood this year, and Country Club performed similarly.
This year, Days on Market (DOM) floated back up to 144 days, but the neighborhood generated more sales than in the past three years. In 2011, 18 homes sold, compared to 14 in 2010 and 17 in 2009. Granted, the average sale price dipped from $1.8 million in 2010 to $1.5 million, but there were also a couple of reclamation projects that sold well below the $1M mark this year.
Here is the list of homes that sold in Country Club this year:
The big news for homeowners in Country Club that are thinking of selling is that the average Days on Market for the existing inventory is at 206 days and counting! New listings in Country Club that priced correctly will get showings and, as evidenced by the volume of homes sold, they will likely get offers.
Congress Park tomorrow.
PS – These numbers don’t reflect the homes currently under contract. Currently, 130 Vine, and 100 and 140 Humboldt are under contract and will likely close in 2012. Also, here are the homes currently for sale in Country Club: 340 Lafayette, 127 Lafayette and 351 Lafayette; 103 Franklin; 141 Gilpin; 450 Race; 261 Vine; 100 Gaylord, 100 High and 101 High.