The city of Denver; ranked second best place to live in the U.S. in 2017, an amazingly vibrant community with 78 distinctly diverse neighborhoods and an average home price of a jaw-dropping $483K this year. That average home price combined with limited home inventory has left many first-time homebuyers and buy-and-hold investors with one burning question: are there any good real estate deals left anywhere in Denver. That answer is YES! For years now, a good portion of my business has been dedicated to working with developers and investors, which brings my focus to constantly identifying the next “hot” neighborhoods, watching home price trends in transitional areas and overall being able to tell my clients where I believe their purchase will yield the most profit in the next several years. With all that in mind, Athmar Park has been on my radar for quite some time now. One of Denver’s last affordable neighborhoods somehow has managed to stay affordable (below $350K for a single-family home!) despite its proximity to booming (read overpriced) Baker, West Wash Park and Platt Park and walkability to some of the best Dim Sum restaurants in Denver (I’m sold!) This small SW Denver pocket bordered by the South Platte River to the east and by Federal Boulevard to the west and Alameda and Mississippi to the north and south, has been seeing some fair share of appreciation, but still remains one of my top neighborhood picks for anyone looking to invest in Denver.
Let’s put this in perspective with numbers:
This year an average sales price for a SFH (3/2) in Athmar Park is $309,510; a 35% less than the average home price in Denver. Pretty spectacular if you ask me… Another spectacular number is the 40% growth in average price per square foot in Athmar Park in the last two years alone.
With those compelling numbers are you ready to investigate Athmar Park real estate further? I’m thrilled to answer any questions and provide my honest opinion at any time.