Denver’s housing market remains steady and balanced – closed sales holding even with last year per DMAR’s latest report. With today’s Fed Rate decision, interest rates at or below 6% are likely to increase residential mortgage applications in a market with choices. Yes, Denver’s active inventory is up, but homes are staying on the market for approximately 53 days (near average for a typical balanced market).
While the average detached home in the metro area is just under $600,000, the metro area's luxury market continues to rank among the nation's top choices for buyers. Hilltop in 80246 has long been the go-to metro luxury neighborhood within the City and County of Denver. With the right property, mountain views are assured from rooftops. Quick access to parks (Cranmer, Robinson, and even Crestmoor), luxury shopping in Cherry Creek North, Denver International, and Downtown, along with easier access to the mountains, are hallmarks of the neighborhood. The zipcode's school options range from public and private opportunities. These include K-12 public schools, Steck or Carson, George Washington, and East High, with neighborhood proximity to private schools like Graland.
To evaluate which options are best for you, reach a MASONmoddern agent today.