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Vida Real Proprties Won't You be my Neighbor?

In this issue of Won’t You Be My Neighbor? Vida Real Properties looks at homes for sale in the NW Denver Metro zip code 80221 (see map). Residences in this area are mostly within Denver city limits but could also be in Westminster or Thornton. Also parts of the area are withing Denver County or Adams County.The most known neighborhoods are Berkley and Sherrelwood. Below are some statistics and information useful to both buyers and sellers regarding this community.

Housing Market Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The data shows median sold prices just above $300k with a surge that started in November 2016.

80221SoldListedJan2017VidaRealProperties

Housing Inventory Active For Sale

 

 80221activeJan2017VidaRealProperties

The number of active (detached) listings for the 80221 zip code is 27. The median asking price for these properties is $469,500. Notice the most expensive is a 4,209 sq.ft., six-bed, four-bath home listed for $775,000. It is typical for of days active properties have been listed is 82. This is higher than the MLS average of 34. A reasonable explanation is that many of the listings are just more expensive homes and are also scrape and rebuild homes that get listed before completion.

Education: Highest Level Attained

For the zip 80221, 9.51% of the people have completed a bachelors degree as their highest education level.

 

80221educationVidaRealProperties
Check out Vida’s Market Insider to see more details about this area including area demographics, crime statistics and school data.

Contact Rogelio to sell or find your home!