Southern Hills is a wonderful Denver neighborhood full of well-tended ranch-style homes on larger lots. While most homes were built in the ’60s and ’70s, many of them have been updated to resemble both modern and traditional styles. The neighborhood is ranked as one of the lowest crime neighborhoods in Denver and holds Denver’s top-performing school, the Slavens K-8 School. Nearby lies the popular Wellshire Golf Club, as well as a few shopping centers (the closest being Cherry Creek Shopping Center) and delicious restaurants.
Southern Hills market trends indicate an increase of $48 (14%) in the average price per square foot over the past 6 months. The average sales price over that same period rose from $605,474 to $1,222,192, whilst the median rent for this area is $2,243 The average time on market for properties in this area is 23 days and buyers can expect to pay 102% of the seller’s asking price.
AVERAGE SALES PRICE
$783,828
6 MONTH AVERAGE
HOMES SOLD PER MONTH
15
6 MONTH AVERAGE
AVERAGE DAYS ON MARKET
23
DAYS
EXPECT TO PAY
102%
OF ASKING PRICE
AVERAGE PRICE PER SQUARE FOOT
$361
6 MONTH AVERAGE
RENTER VS OWNER OCCUPIED
38% RENT | 62% OWN
AVERAGE YEAR BUILT
1958
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