Homes selling for $1 million or more quadrupled in the Denver area from 2016 to 2021, with 1,353 in 2016 and 5,548 in the first 11 months of this year.
Which Denver neighborhoods got hot in 2020?
Courtesy of MLS)
It’s no secret that Denver’s housing market had one of its most competitive years in 2020. Home prices skyrocketed, thanks to low interest rates and inventory.
But what neighborhoods truly had a breakthrough in 2020?
Places like Wash Park and Cherry Creek have been scorching hot for decades. But a new report compiled by Land Title Guarantee Co. provides some insights on the neighborhoods where the housing market was most different last year than 2019.
Landing in the top five were a couple of transitioning neighborhoods that offer a relatively affordable price point without getting too far from downtown, as well as a handful of traditional residential enclaves that lack the name brand of Denver’s ritzier neighborhoods: