The annual pace of rising home values is 7.2% nationally, but Denver averaged a year over year rise in value of 8.9%. Here’s the list of Denver’s Hottest Neighborhoods 2016.
Washington Virginia Vale
This Southeast Denver neighborhood spans from Quebec to S Dahlia St, and Cherry Creek North Dr to Alameda.
Median sales price in 2016: $335,000
Number of homes sold in 2016: 233
Average number of days a listing remained on the market: 20
Rise in median sales price since 2014: 42.6%
Overland
This Southwest Denver neighborhood spans from South Broadway to South Platte River Dr, and Mississippi to Yale Ave.
Median sales price in 2016: $360,000
Number of homes sold in 2016: 29
Average number of days a listing remained on the market: 22
Rise in median sales price since 2014: 41.7%
Globeville
This Northwest Denver neighborhood lays where I-70 and I-25 intersect, spanning from The South Platte River to Inca St, and 52nd Ave to The City of Cuernavaca Park.
Median sales price in 2016: $250,000
Number of homes sold in 2016: 37
Average number of days a listing remained on the market: 16
Rise in median sales price since 2014: 39.1%
Hampden South
This Southeast Denver neighborhood spans from Yosemite to I-25, and Hampden to I-225/Belleview Ave.
Median sales price in 2016: $279,900
Number of homes sold in 2016: 327
Average number of days a listing remained on the market: 21
Rise in median sales price since 2014: 37.5%
Goldsmith
This Southeast Denver neighborhood spans from Quebec to I-25, and Evans Ave to Yale Ave.
Median sales price in 2016: $345,000
Number of homes sold in 2016: 71
Average number of days a listing remained on the market: 20
Rise in median sales price since 2014: 37.5%
Cheesman Park
This Southeast Denver neighborhood spans from York St. to Downing St., and Colfax to 8th Ave.
Median sales price in 2016: $335,000
Number of homes sold in 2016: 179
Average number of days a listing remained on the market: 23
Rise in median sales price since 2014: 35.8%
Barnum
This Southwest Denver neighborhood spans from Federal to Perry St, and Alameda to 6th Ave.
Median sales price in 2016: $245,000
Number of homes sold in 2016: 74
Average number of days a listing remained on the market: 15
Rise in median sales price since 2014: 34.7%
Denver’s hottest neighborhoods also include the following which have seen over a 30% rise in median sales prices since 2014: Elyria Swansea, Villa Park, Sun Valley, College View, South Platte and Windsor
Denver information and statistics gathered from Metrolist, Inc. REColorado’s MLS powered by Matrix.
National information and statistics gathered from Corelogic HomePrice Index.