It’s been a busy summer, so Karl Lueders Inc. hasn’t been able to post the recent sales and listings from July, mostly because they’re selling as quickly as he’s putting them on. Denver real estate has been humming right along since the spring, with low inventory and lots of buyers creating bidding wars for desirable properties.
Credit listing agents who know not to overprice homes and cave in to the temptation of testing the market. Buyers are more savvy than ever, and for every Denver house that sells in a day, there are two like it getting no love at all.
This amazing loft in the original LoHi corridor of 15th Street sold twice, actually. After 10 showings in a day, the sellers received a full-price offer, but the buyers backed out once they understood the complexities of home ownership and maintaining such a large condo.
A week later, Karl Lueders and his seller drew another offer – cash, this time – and closed the property faster than had the original offer stuck around. True, LoHi is one of Denver’s – not to mention the country’s hottest neighborhoods – but Denver condos have been struggling for years. And while this was a cash deal, banks are finding creative ways to lend money to good borrowers.
Updates on more condos, like 2441 Broadway #206, which sold last month, are coming. Along with yet another Lohi sale and even properties out of town!