Neighborhood of Platt Park - Denver, CO - Market Update November 2014

 

Platt Park in Denver is a 100-block square originally called Town of South Denver named in 1897 after James Platt ParkPlatt, who mysteriously drown in Georgetown in 1895.   The trolley cars still ran in the early 1900's on Old South Pearl Street.    This historic neighborhood exudes character and charm with many turn-of-the-century homes along with new modern homes.  

The boundaries of the neighborhood of Platt Park are Broadway, Mississippi, Evans & Downing.    The bordering neighborhoods are DU, Washington Park and Observatory Park, with Platt Park being the more affordable neighborhood.   Over the years, all of these neighborhoods have enjoyed double digit value increases and Platt Park has enjoyed the Seller's market for the last couple of years.

 

Old South Pearl Street

 

LOCATION, LOCATION, LOCATION - Platt Park is within walking distance to the light rail (Louisiana Street Station), minutes to Denver University, 15 minutes to downtown Denver and 15 minutes to the Denver Tech Center.   Platt Park offers the namesake park for outdoor enthusiasts, the recreation center located just to the north of the park and the seasonal Farmers Market is a popular location.     The Decker Library was named after Sarah S. Platt Decker who was married to James Platt.

 

What's My Home Worth?

Platt Park has always been a popular neighborhood for buyers, as residents have a high Walk Score, and you can find restaurants and coffee shops within a short walking distance.      Here is a glance at November's real estate market compared to November 2013.   

 

Platt Park homes for sale

The amount of sales may have been a tad lower, but the rest of the data is all good.   This speaks for what should happen this coming year!    Economists are saying the real estate market in 2015 will be even better than 2014!    Good news for home Sellers!    It could be another year for Buyers competing in multiple offer situations, so you need an experienced agent to guide you through this process!

 

Here is the current market in Platt Park -

Actives - 14 listings ranging from $399,000 to $935,000

    Days on Market - 117 days

    Homes range in year built from 1904 to 2014

Under Contract - 14 listings ranging from $205,000 to $835,000

   Days on market - 113 days

   Homes range in year built from 1885 to 2014

 

You will find a few older homes that have been scraped and are now building beautiful large new homes.     If you are thinking of purchasing in the next year, or selling your Platt Park home and want a competitive Listing Agent, give me a call.