720-724-8187 rogelio@vidabroker.com
Denver 80204 Market Update

Vida Real Proprties Won't You be my Neighbor?

In this issue of Won’t You Be My Neighbor? Vida Real Properties looks at the real estate market conditions for Denver’s west/central neighborhoods in the 80204 zip code. This is close or easy access to where all the action is at: Downtown, Pepsi Center, Mile High Stadium, Coors Field, I25, Colfax, Civic Center Park, Sloans Lake, Auraria College Campus, Denver Performing Arts Complex, Santa Fe Drive Arts District and much more. Neighborhoods include all or in part:

  • Baker
  • Barnum
  • Cheltenham Heights
  • Edgefield
  • Fairview
  • Lincoln Park
  • Middelfield
  • Sloans Lake
  • Villa Park
  • West Colfax

Housing Inventory Sold

In this analysis we will only be looking at detached single family residences. Let’s start off by looking at the chart below which shows data for the homes sold in the last three (3) months which were 54 units.

Sold Homes (3 Months) in 80204

That average price of almost $407,000 is skewed by the luxury home sales. Median sold prices indicate values closer to $344,000 for a three-bedroom, two-bath  home at 1,363 total sq.ft. You can also see that the sold price are coming in overall a bit higher than the asking price. Buyers are still offering above asking price.

 

 Housing Inventory Active For Sale

Active for Sale in 80204

The number of all active listings for the 80204 zip code is only 19. The table above shows that the median list price of almost half a million for a 1,606 total sq.ft. home with 3 beds/2 baths.  The homes now in the market a little bigger than those just sold but are listed at a much higher price point.

As far as demographics, crime stats and school data, you can visit Vida’s Market Insider to find out that information.

Looking to buy or sell your home?  You can contact me  by email  or call 720-253-8513.

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YOUTUBE

As we settle into spring 2025, Denver’s real estate market is revealing some critical shifts. Whether you’re buying your first home or preparing to sell a property you’ve outgrown, understanding the market’s current temperature—especially through the lens of months-of-supply—can help you move with clarity and confidence.

📊 What Is Months-of-Supply?

Months-of-supply tells us how many months it would take to sell all current homes on the market at today’s pace, assuming no new listings come in. It’s one of the best ways to gauge whether buyers or sellers have the upper hand:

  • 0–4 months: Seller’s market
  • 4–6 months: Balanced market
  • 6+ months: Buyer’s market

📍 What’s Happening in Denver?

Denver currently has a 3.1-month supply, nudging close to a balanced market. While still favoring sellers slightly, inventory is rising fast—up 11.2% year-over-year and a striking 70.6% above 2019 levels. New listings also rose by 18.1% over the past year, though still slightly below pre-pandemic levels.

Now here’s a key point: closed sales in April 2025 were down 3.2% from last year. Fewer completed transactions suggest that buyer activity is cooling even as more homes hit the market. This shift reflects growing caution among buyers, likely tied to higher mortgage rates and affordability pressures.

In simple terms: we’re seeing more homes for sale, fewer homes being sold, and slightly longer time on market. This is a clear signal that the market is transitioning—and that timing, strategy, and pricing are more important than ever.

🏙️ Comparing Other Cities

Miami Area – 7.8 months of supply

Buyer’s market with inventory up 37.5%, but closed sales flat. Homes are sitting.

Austin, TX – 5.4 months

Moving toward balance. Listings up 19.7%, but also seeing a slowdown in closed deals.

Phoenix, AZ – 3.6 months

Still seller-friendly, but inventory has surged 54.6%. Like Denver, the pace is slowing.

In comparison, Denver’s sharp inventory rise paired with declining closings indicates one thing: competition is heating up—especially for sellers.

🤝 Buyers: Opportunity Is Knocking

  • More Inventory = More Choice

  • Stronger Negotiation Power: Fewer bidding wars, more room to talk terms.

  • Act Smart, Not Fast: It’s not about “the deal”—it’s about the right deal.

💼 Sellers: Stay Strategic

  • Price It Right: With fewer sales happening, homes that are overpriced are sitting.

  • Presentation Wins: You’ll stand out when your home is clean, staged, and easy to show.

  • Act Now While It’s Still a Seller’s Market: We’re on the edge—waiting could cost you.

📲 Let’s Talk—No Pressure

Whether you’re dreaming of a new home or prepping to sell, let’s have a free, no-obligation conversation to map out your next move.
📞 Text/call me directly at 720-724-8187
📅 Or grab a time that works for you: Book Here

You’ll get real insight, no pressure—just a smart path forward based on your goals.

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