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Sloan's Lake Area Market Update: Spring 2025

Along with summer break comes an explosion of inventory...

You've heard it everywhere in the news, and you can see it when you're out for walks or driving in the neighborhood. Most likely, someone you know has their house on the market. Denver has a TON of homes for sale right now. In fact, we haven't seen this much inventory in over ten years, so it's a shock to our system. The Sloan's Lake area is mirroring the market, with inventory up over 40% as compared to last year. Simply put, buyers have options and Sellers have lots of competition.
 
One of the biggest changes that has come with this excess of homes for sale is days on market. Right now, the average time on the market is just over 40 days, whereas last year the average was around 30 days. Compare that to 2022, when the average was 10 days or less, and time on market feels like an eternity. With over 400 homes on the market in our area alone, this metric could continue to rise. One can only guess why the surge of listings this Spring, but my hunch is that its simply pent up from several years of a lower number of real estate transactions. Many sellers have simply decided that this is the year to finally stop stalling and to move on with their lives. And while it could be a lagging metric, prices remain high. In the Denver Metro are up 1.8% as compared to last year, and in the Sloan's Lake area, prices are up by around 1%. 
 
The highest priced sale this month was 3250 Stuart Street, a 5 bed, 5 bath new build in West Highland. It went under contract during construction and sold for $2,585,000. It was listed by Jeff Plous with Hatch Realty. The highest priced attached home was a new build at 1921 W 37th Avenue, designed by renowned Alvarez Morris architectural firm. It was listed for $1,800,000 by Lisa Cook of Milehimodern and sold for $1,720,000. This listing offered a 5.25% assumable interest rate but the buyer purchased with cash.
 
Want more data on the neighborhood? Are you trying to decide if moving in our 7% interest rate climate makes ANY 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!
 
 

 

80211 + 80212 Market Stats

  • Active Listings: 403 

  • Coming Soon Listings: 9

  • Pending Listings: 110 

  • Closed in Last 30 Days: 94 (69 single family, 25 multi-family)

  • Number of Cash Transactions: 25 (or % of all transactions)

  • Withdrawn/Expired (last 30 days): 79 

  • Average Sold Price: $916,079 

  • Median Sold Price: $817,450 

  • Average Ratio Close Price by List Price: 97% of List Price 

  • Average PSF (Finished): $511

  • Average Days in MLS: 25 for closed listings; 32 for pending listings

  • Number of Showings: 1,969

  • Average Number of Showings per Listing: 3

Source: ReColorado // Stats based on 4/27/25-5/27/25 for all listings in 80211 + 80212

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