Real Estate Market Trends in University Park/Observatory Park, Denver

Check in with Elevation Realty for the latest and most up to date market trend reports in your neighborhood.

Learn more about the highly desireable neighborhood of University Park

University Park Market Trends - 4th Quarter 2017

April 4, 2018

University Park is a favorite South Denver neighborhood that boasts beautiful homes and plenty of dining, drinking and shopping options. Even though this neighborhood is close to the University of Denver most of the homes in University Park are occupied by mature home owners, affluent people with families and professionals rather than student housing.  This neighborhood is home to its name sake’s park – University Park – which features an Observatory that serves as a visual landmark for the community.

Homes in this up-scale neighborhood spend longer on the market than the typical Denver home at 69 days average, but these homes are anything but typical. In the fourth quarter of 2017 twenty-two home were sold in University Hills at an average sale price of $1,146,548.

Dave Easton and The Elevation Group knows University Park. Contact Elevation Group at Your Castle Real Estate to help find your dream home.  

University Park 2016 Q4 Market Trends in Denver

March 20, 2017

The market trend update for the University Park neighborhood during the 4th Quarter of 2016 includes an uptick in housing prices. Since 2007, there was a drop in housing prices between 2008 and 2011, with a increase in housing prices over the past 5 years. For the 4Q 2016, there were 17 active listings, 9 under contract listings, and 20 listings sold. The average sold price for a home was $996,607. 

University Park is a popular neighborhood especially with University of Denver near by. It is located on the south side of I-25 and north of Iliff Ave. It borders University Blvd. and Colorado Blvd. There are several shops and restaurants near by for after work happy hours or dinners out on the weekends. With easy access to I-25, University Park is an ideal place to work.

If you would like to learn more about the neighborhoods in Denver, contact the staff at Elevation Realty. They have a lot of experience in home buying and selling in Denver and can help you find the home of your dreams. Call them today at 303-579-3566. 

Q3 Market Trend Report - University Park & Observatory Park

November 2, 2015

Homes for sale in University Park or the Observatory Park neighborhood are some of the most sought after and desired homes in the Denver Metro Area. The current state of the market is comparable to that of the 2007-2008 time frame in terms of selling price for homes in this neighborhood. For Q3 of this year, there were 39 homes sold in University Park/Observatory Park with an average price of $832,117, which is slightly lower than the previous quarter by about 40K.

The average price of the 24 active listings surpassed the previous quarter however, totaling $1,004,867. The average number of days on the market for homes for sale in University Park is a bit longer than other neighborhoods like Hale or University Hills, but the prices are also much higher. On average, the asking price for sold listings was higher than the actual selling price at $857,287.

Looking for more information about homes for sale in Observatory Park? Learn more by browsing our Observatory Park Neighborhood Guide and get to know the area and its surroundings. Our team offers completely one-on-one guidance throughout the home buying or selling process and is here to help you. Contact Elevation Realty to learn more about your desired neighborhood and find the home that is right for you.

University Park Market Trends

This quarter, the University Park neighborhood 31 homes were sold with the average sold price of $870,908 and the average time on the market for sold listings was 44 days. 27 active listings are currently active with the average price of $989,592. Listings under contract had an average prices of $1,057,050 for the 18 recorded. 

The average asking price for University Park homes for sale was $890,152 while the average discount recorded of sold listings was -2.00%. In 2011, the price for homes averaged at $610,000 and has gone up to an average of $720,000 in 2014. The price of homes in this area is still on the rise - contact the experts at Elevation Realty to learn more about the homes for sale in University Park.