The housing market doesn’t show any signs of cooling in the Mile High City as, to the dismay of many buyers, we set two records last month: record-high home prices and record low average days on
Redfin Names Denvers Hottest Residential Neighborhoods
While they didn’t make the national list, three Denver ‘hoods in Metro Denver made Redfin’s recent hot list. In fact, two are in one popular suburb! So what determines a neighborhood's "hotness?" Redfin said, "Hottest Neighborhoods” is a prediction based on the most recent growth they’ve seen in page views and favorites on Redfin.com.
In the Denver area, Redfin says the Green Mountain area in west Lakewood will be the area's hottest neighborhood. Homes there has an average sale-to-list price ratio of 99 percent; 22 percent sold over list price (as of December), and homes spent an average of just 28 days on the market.
Also making the Denver area's top three hottest neighborhood list is Applewood in Lakewood. Homes here have an average sale-to-list price ratio of 97.3 percent; 8 percent sold over list price (as of December), and homes spent an average of 55 days on the market.
The third hottest neighborhood, according to Redfin, is the Regis neighborhood in north Denver. Homes in this area have an average sale-to-list price ratio of 100,4 percent; 54.8 percent sold over list price (as of December), and homes spent an average of 46 days on the market.
Are you ready to start checking our properties in some of Denver’s most sought-after neighborhoods? There are actually some great deals to be found if you know where to look. Contact Metrowest today – we’d love to show you around!