The perfect combination of a college town and a historic neighborhood with mature shade trees, Observatory Park is one of the most picturesque places in Denver. Here you can find both modern and traditional architecture styles nestled in the cozy neighborhood, in addition to the famous Chamberlin Observatory, which is owned and operated by the University of Denver. With the university just around the corner, there’s a plethora of events, activities, shops, and restaurants nearby that are a favorite to both students and locals.
Observatory Park market trends indicate an increase of $77 (22%) in the average price per square foot over the past 6 months. The average sales price over that same period fell from $1,360,250 to $992,403, whilst the median rent for this area is $1,225 The average time on market for properties in this area is 49 days and buyers can expect to pay 99% of the seller’s asking price.
AVERAGE SALES PRICE
$1,167,817
6 MONTH AVERAGE
HOMES SOLD PER MONTH
17
6 MONTH AVERAGE
AVERAGE DAYS ON MARKET
49
DAYS
EXPECT TO PAY
99%
OF ASKING PRICE
AVERAGE PRICE PER SQUARE FOOT
$386
6 MONTH AVERAGE
RENTER VS OWNER OCCUPIED
55% RENT | 45% OWN
AVERAGE YEAR BUILT
1985
If you are seeking a dedicated agent with a proven track record of results, give Molly a call. She would be honored to assist with any and all of your Denver real estate needs.
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