Sloan's Lake Area Market Update: Spring 2024
In the Sloan's Lake area, the highest priced sale this month was 4536 Quitman Street, a new build by Work Shop with an ADU in Berkeley. It sold for $100k under the list price after 103 days on market. It was listed by Kim Block with Empire Luxury Real Estate. That sale also included $40k in concessions, which was pretty typical with offers over the winter. Over the past month, transactions had an average of $6,000 in seller concessions, and many of the bigger figures are likely part of initial negotiations to help buyers with higher interest rates. Cash transactions continue to be seen in our market as well. This Spring, 23% of transactions used cash as compared to 20% a year prior.
Want more data on the neighborhood? Are you trying to decide if moving right now makes sense? As always, I’m prepped and ready should you have questions or want to dive into buying, selling, or investing in the Sloan’s Lake area!
Source: ReColorado // Stats based on 2/4/24-3/5/24 for all listings in 80211 + 80212
Spring 2024 has been an interesting time for the Denver real estate market.
When we bought our bungalow at the end of 2019, we weren’t exactly looking to move. Being a real estate agent, I always have my eye on the market.
Move out day was stressful but thrilling. I remember telling the girls that in one year’s time, we’d be back in the house.
By May, the entire house was framed and it started to take shape. Seeing the second story, even just with lumber, was really exciting.
By September, the contractors were laying hardwood floors (we picked an engineered European oak in a 7.5” width). Then came interior doors, trim, and stairs.
It took a long time, cost a lot of money, and required a million decisions. I understand what a luxury this experience has been, I feel extremely lucky.
Whether you live in Denver or you're planning a move and need advice for how to buy a home here, this guide will be helpful.
This is a favorite breakfast, brunch and lunch spot in the area and we had the opportunity to speak with the co-owner Tim. Read the interview below!
One of the best parts of my job is that I get to be that source of “all things home” for clients and friends.
We recently had the opportunity to interview the Nurture leadership team to learn more about this amazing Wellcare Marketplace.
It’s my favorite time of year! I get to celebrate the holidays and put on my stats hat to review the real estate happenings for the Sloan’s Lake neighborhood.
It’s always an honor to serve my clients, but it’s extra special to give back to our community on their behalf.
While we're still living in a low inventory market, we've started to see more homes taking longer to sell, which is creating more options for buyers.
We had the pleasure of interviewing past clients and local business owners. Nikki started her jewelry business here in Denver in 2015 and until 2023.
More like June gloom is here. This rain sure is making things green around here, but I’m itching for real summer.
This boutique specializes in women’s clothing and accessories, sourcing many of their items from brands made in America.
It’s no 2022, but with fewer homes to sell than buyers looking, supply and demand is doing its thing.
Every year, I put my stats hat on and review the real estate happenings of the year for the Sloan’s Lake neighborhood.
This fall, the market has been impacted by rising interest rates and inflation. It made buyers hit pause, and I get it.
As summer winds down, it’s clear that we’re experiencing a shifting market in Denver. This shift means multiple offer situations are occurring less.
One business that I’m excited to highlight here is a photography business, M Stevenson Photo, run by a friend and past client, Molly Stevenson.
If you live in the neighborhood and are open to moving, know that the odds of selling are better now than they’ve ever ever been.
Last year, I had some fun reviewing the year with a million different stats for the Sloan’s Lake neighborhood. One year later, I’ve decided it should be a tradition.
Experience Caitlin Clough's dedication and expertise in real estate. Caitlin brings unmatched negotiation skills, empathetic communication, and a deep understanding of Denver's neighborhoods to guide clients seamlessly through their home-buying or selling journey, making dreams come true one key at a time.
