Posts Tagged ‘WWP’

Update: West Wash Park real estate statistics

Here is an update on the past 30 days sold activity on the West Wash Park real estate market along with the total currently active for sale properties and properties currently under contract.  The simple boundaries I used for this update are S. Downing St. west to S. Lincoln St. and E. Alameda Ave. south to E. Louisiana Ave/I-25.  The boundaries of West Wash Park vary from person to person, these boundaries are for simple, easy analysis of the neighborhood.

  • Total currently active for sale properties – 63
  • Solds properties within the past 30 days – 14
  • Under contract properties – 7
  • Median sale price as % of  last list price – 99.76%   (possibly not reflecting original list price)
  • Median days on market for solds – 31
  • Median days on market for all currently active listings – 81
  • Median price for solds – $411,000
  • Median price for currently active listings – $456,000
  • Average price per sq ft SOLD – $324  (note: represents total avg. p/s/f  not finished  avg. p/s/f)
  • Average price per sq ft ACTIVE – $325  (note: represents total avg. p/s/f  not finished avg. p/s/f)
  • Average price per sq ft UNDER CONTRACT – $312  (note: represents total avg. p/s/f  not finished avg. p/s/f)
  • Lowest sold price – $170,000
  • Highest sold price – $1,007,500
  • Lowest currently active list price – $165,000
  • Highest currently active list price – $875,000

I last posted the WWP statistics on January 7, 2010.  I have changed the format somewhat and now, among other changes,  include all actives and not just active in the past 30 days. 

But I’d like to make a few comparisons between that post, 6 months ago, and this most recent post, of all that can be directly correlated.

  • Sold within past 30 days – then 8, now – 14
  • Median sold price to most recent list price – then – 96.2%, now – 99.7%
  • Median price for solds – then – $380,000, now – $411,000
  • Median days on market for sold properties – then – 41 days, now – 31 days
  • Median price of active listings – then – $481,000, now – $456,000
  •  Lowest price sold – then – $125,000, now – $170,000
  • Highest price sold – then – $1,298,500, now – $1,007,500

With this data side-by-side from 6 months ago, it appears that West Wash Park is seeing a strengthening in its real estate market.  With more sold properties, at a higher percentage of ask to list price with a higher median sales price and fewer days on the market.  Also seeing as the median currently active price is lower now than 6 months ago and with all the above data taken into consideration,  it seems to correlate to properties being priced at a more competitive price up front.  Some good news for West Wash Park homeowners and hopefully helpful to anyone thinking of purchasing a property in West Wash Park. 

That’s the latest real estate market recap for West Wash Park.  This data used is taken directly from the Denver MLS System, Prime Access.

If you have any questions about the real estate market in West Wash Park (or Denver for that matter) or would be interested in seeing any property or finding out the value of your property, please feel free to call me anytime.

Kirk A. Hartshorn  720-244-5454   RIDE ON!

Perry & Co.  www.perryandco.com

khartshorn@perryandco.com

West Wash Park – “Where to live in Denver NOW”!

My wife and I have lived in West Wash Park now for 5 years and are passionate about this neighborhood and the people and services within it.  When we moved back to Denver after a short stint in Florida, I knew I wanted to live within striking distance of Wash Park.  I’ve lived on the east side and the north side of the Wash Park in the past and decided to really look into all aspects of the Wash Park neighborhoods before making a purchase.  The East side is indeed beautiful and has great access to University and the shops of S. Gaylord but much more expensive for the same exact home.  The north side has great access to University and Alameda but to me lacked the neighborhood feel I was looking for.  The south side feels a little close to I-25 but has easy access to I-25, S. Downing, S. Franklin, Evans Ave. and South High School.  Bringing me to West Wash Park and its great neighborhood feel, easy access to Alameda, S. Downing, I-25,  S. Broadway and a plethora of shops, restaurants and other services. 

5280 Magazine’s most recent issue, and featured cover story, had a great article about “Best places to live (in Denver) Now”.  This is 5280’s “Annual guide to the hottest neighborhoods in town”, and featured 8 Denver neighborhoods, of which, West Wash Park was one of them.  I copied the write-up on Washington Park West as written by 5280’s Luc Hatlestad and pasted it below.  And, as written by the author “Whether you’re buying, selling or staying put this year, these are the places to be in Denver right now”.

Where to Live in Denver

 

Washington Park West

“This slightly hipper, grittier alternative to Wash Park East (average sale price: $654,000) has all the access to its neighbor’s amenities, but at a far lower cost. This primarily residential neighborhood is surrounded by numerous retail districts, whether new (Pearl Street, north of I-25) or revitalizing (South Broadway). Lately, more young couples and families have been landing in the area to take advantage of its leafy streets, reasonably priced housing that hasn’t been as overwhelmed by scrapes and duplexes as have some of its neighbors, and, of course, the neighborhood’s biggest draw, Wash Park itself, which teems with activity even during the chilly winter months.”    Luc Hatlestad
Average sale price $395,000
+1% over 2009

  

Kirk A Hartshorn  720-244-5454  RIDE ON!

Perry & Co.  www.perryandco.com

khartshorn@perryandco.com

Porter, the lost puppy was found!

The lost black lab puppy, Porter, has been found.  I spoke to his grandma, Mary Anne, and she said that someone found him and took him over to Washington Park Veterinary Clinic, ironically the same place someone brought our dog Suki when she got out of our yard.

Mary Anne wanted to express her gratitude and heartfelt thanks to everyone in the West Wash Park neighborhood that she ran across while desperately searching for Porter.  She said that the caring, concern and interest in finding Porter was amazing and goes to show, once again, what a fabulous neighborhood West Wash Park really is.  I feel that a neighborhood is partially defined by peoples actions and caring for one another in times of need, and WWP lived up to the bill in this isolated case.

Thanks friends and neighbors of West Wash Park for pulling together and showing your care for a neighbor in need.

Kirk A. Hartshorn  720-244-5454  RIDE ON!

Perry & Co.   www.perryandco.com

khartshorn@perryandco.com

LOST PUPPY ALERT IN WWP!!

Hey friends and neighbors of West Wash Park, please keep your eyes open for a black lab puppy that is lost.  His name is Porter and he is 11 month old.  He got out late this afternoon and is not wearing any collar as it were pulled off while trying to catch him. 

Please call Mary Anne at 303-242-4356 if you spot him or are able to catch him.  He lives at 53 Pennsylvania St.

Thanks.

Kirk A Hartshorn  720-244-5454    RIDE ON!

Perry & Co.  www.perryandco.com

Denver Zoning changes and West Wash Park

Some changes are coming to Denver and zoning is near the top of the list.  From adding 20 or so more designations to changing the coding of designations, i.e: R1 will be SU (single unit), R2 will be TU (two unit).  Supposedly, this is happening in part to simplify zoning in Denver, and as may be the case in West Wash Park, in part to maintain the integrity of the neighborhood. 

The why’s and when of this whole change is stated below as copied from the Denver zoning website:

Why?

Denver’s 53-year-old zoning code is broken and needs to be fixed. It suffers from more than a half century of incremental changes that have made it complicated, inconsistent and cumbersome. The New Zoning Code will put adopted citywide plans (products of extensive public input) to work for a better city. Denver citizens called for reform of the Zoning Code in the 1989 Comprehensive Plan and Comprehensive Plan 2000. This message was repeated in Blueprint Denver (2002) which provided the vision and initial strategy for fixing the Zoning Code. Denver needs a new zoning code that will support a growing a sustainable environment, a diverse mix of housing, strong neighborhoods, and a high quality of  life, a sustainable environment, a diverse mix of housing, strong neighborhoods, and a high quality of life,

When?

Fixing the Denver Zoning Code is a massive undertaking but the finish line is in sight. We are currently in Phase III – Drafting, where the City’s multi-departmental team and the Task Force are preparing the draft New Code and executing an extensive outreach process to ensure a wide range of opportunities for public input.

Phase IV – Public Review – began with five introductory meetings in May and continued throughout the summer, as we hosted more than 40 meetings in partnership with the Denver City Council throughout the city. The draft of The New Code is available for your review and comment. After the public review and comment period, the code will go to the Planning Board and City Council for discussion, public hearings, and adoption.

Have a Question?Email us at newzoningcode@denvergov.org
Call us at 720-865-3000 during business hours
See Upcoming Meetings

It’s not too late to get involved if you would like to support the changes or state your objections to the proposed zoning changes.  Check out the “See Upcoming Meetings” to view upcoming zoning related meeting and go out to see what’s going on for yourself.

Here is the link for the proposed new zoning planNew_Code_Planning_Board_Draft_Washington Park West

Here is the link for the current zoning, Blueprint Denver Concept Land Use, Existing Land Use –  Wash Park West current zoning

Kirk A Hartshorn  720-244-5454   RIDE ON!

Perry & Co    www.perryandco.com

khartshorn@perryandco.com

West Wash Park’s Neighborhood Grocery Store

If you’re fortunate enough to live in a neighborhood that has a quality grocery store within walking distance, you’re fortunate enough to live in West Wash Park.  Located on the NW corner of Bucktel Blvd. N and S Washington St, you can find Whole Foods Market.  Having come up through the ranks of Wild Oats and perhaps even Alfalfa’s way back when, WWP’s Whole Foods Market is an easy grocery store to access for WWP residents with a short walk or a quick ride on the bicycle.  This is truly a neighborhood market where running into neighbors is commonplace and getting to know the folks on the workforce is easy, as many of them have been there for years and they’re a  friendly and helpful bunch.

Of course there are Whole Foods Markets all over the city and suburbs of Denver, but none quite as quaint, easy to get in and out of and have that “make you feel at home in the neighborhood” appeal as the West Wash Park Whole Foods Market. 

So next time you find yourself in the WWP neighborhood, stop by Whole Foods Market for a quick chair massage, a fresh sit down lunch or an energy drink and fresh muffin to go.

http://www.wholefoodsmarket.com/stores/washingtonpark/

Kirk A Hartshorn 720-244-5454  RIDE ON!

Perry & Co.  www.perryandco.com

West Wash Park Real Estate update

 

For those of you living in, interested in or following the real estate market in West Wash Park, I’d like to share some relevant and interesting real estate market figures by posting periodic market updates on this blog.  I will be giving some simple stats of 30 day activity to include active listing and sold listings.  (Note: any pending transactions will not be represented.)  I will give some details as to the median sold price to list price and median total days on market for sold listings and active listings.  The simple boundaries I used for this update are Downing west to Broadway and Alameda south to Louisiana.

  • In the past 30 days real estate activity there are 38 active listings and 8 sold listings within the boundaries stated.  
  • Sold listings are at a median of 96.2% sold price to list price.   (Note: this average does not reflect original list price, but the last list price before being sold.)
  • The median days on market for the 8 properties sold was 41 days.
  • The median price for the 8 properties sold was $380,000.
  • The price range for properties sold  was between $325,000 and $665,000
  • The median price of active listings is $481,000.
  • The median price range for active listings is $125,000-$1,298,500.  (this will help explain the higher mean price for active listings)
  • The median days on market for active listings is 122 days.
  • The average square footage of all active and sold listings is 1,628 sq. ft and the average list price of all active and sold listings is $493,563.

 These numbers are a basic snapshot of the past 30 days activity in WWP as taken from the Denver Metrolist, Prime Access MLS system.  This is a basic overview of what’s happening in the area within the boundaries I’ve noted above.  We’ve all seen and heard of the horrors of the countries real estate markets and if you are a resident in WWP can attest that we were not hit nearly as hard as many areas in Denver, some only a few short miles away.  The steadfast nature of WWP real estate prices makes this area an overall safe investment in real estate and as seen by a number of new construction and pop top projects around the neighborhood, is still a desirable place to invest in.

Thanks for stopping by and I hope this post was informative, especially if you live in or are looking to find your dream home in West Wash Park.

Call me with any questions.

Kirk Hartshorn  720-244-5454  RIDE ON!

Perry and Co.   www.perryandco.com    

 khartshorn@perryandco.com