Denver Lofts For Sale - Market Update June 2014
Living in Downtown Denver you have a multitude of choices. The distinction of a Denver loft is the exposed duct work, 9+ foot ceilings, sometimes the ceilings are concrete, exposed brick walls, and very open floor plans. Some Lofts in Denver have partial walls for the bedroom(s). Some units feature ceiling to floor windows/doors allowing light to flood into the units. Most are ranch-type units, but there are townhomes available. Would you want a view of the mountains or of the City? Would your choice be a loft or a condo - ranch or townhome style? There are lofts, condos and townhomes with multiple floors available in downtown Denver.
Purchasing a loft/condo in Downtown Denver and having a deeded parking space is highly sought after and are at a premium. With Union Station (light rail) available within walking distance to many parts of Denver, this is a popular mode of transportation, and soon will go to Denver International Airport.
Currently there are 230 units showing Under Contract, and there were 175 recorded sales of Denver Lofts in the month of June.
Here is the information from Denver Lofts SOLD in June 2014: (Data comparing to May sales)
Average days on market decreased from 48 to 32 days
Average price decreased from $398,061 to $344,457
The lowest price SOLD was $110,000 and the highest price was $1,498,000
Sellers saw 99.05% Sold Price to List Price (May was 99.48%)
** Photos courtesy of Metrolist
If you choose to venture out of downtown, there is some great hiking, biking, camping, and skiing with a short drive into the mountains within an hour! There are lakes in Denver as well as many in the mountains in which to boat, jet ski or fish! With all the outdoor activities available, Denver is touted to be in the Top 10 healthiest states!
Downtown Lofts in Denver offers 5 star restaurants, cultural & sporting events and nice to have a short walk back home. There is a free shuttle on 16th Street for easy access downtown and so much within walking distance. Downtown Denver is a great location to have a 2nd home! It won't be long before there will be light rail access from Denver International Airport to downtown.
If you would like to know more about any of these active lofts in Denver, give me a call - Joan Cox, Denver Realtor 720-231-6373.