Sloan's Lake Neighborhood: 2021 in Review

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. I mentioned this last year, but a reminder that when I say “sold in 15 days”, I’m referring to the stat for ‘Days in MLS’. So, in that instance, it would have been 15 days from when the house was active in the MLS to when it was under contract. Also, in late summer of 2020, IRES and ReColorado merged their data, so there is an option to add a listing in both systems, creating two listings. This skews my data slightly because some of these duplicates are included in the total number of homes sold. I have not extracted them to continue the same methodology as last year, but a quick look found that only five listings were duplicates. 
 

Without Further Ado, Here’s a Recap of What Happened in 2021. Spoiler Alert: The Market is Hot Hot Hot.

 

Total Number of Sloan’s Lake Homes Sold in 2021: 229

133 were Single Family, 15 were condos and 81 were multi-family homes (townhouse, half duplex, triplex or quadplex). The number of total sales in the neighborhood was up 27% from 2020.
 
  • Average Sale Price: $876,739 // Median Sale Price: $805,000

  • Average Days in MLS: 15

  • Average Sold to List Price: 102% of List

  • Number of Cash Transactions: 55


 
Most Expensive Home Sold in Sloan’s Lake: $2,440,000
 
2805 Vrain Street is a 5 bed, 5 bath single family home with 4,647 square feet that was built in 2008. The custom, brick and stucco home sold in 3 days by Rick Perez with Assist2Sell, Thompson Real Estate Group. It’s situated three blocks to the lake and features a large lot with a salt water swimming pool, hot tub, private patio and professional landscaping. This record sale price is up 22% over last year’s highest price (woah!).
 
 
Most Expensive Attached Home Sold in Sloan’s Lake: $1,350,000
 
2143 Perry Street, a 3 bed, 5 bath townhome with 3,155 square feet that was built in 2008. Three blocks from the lake, this custom home has a large primary suite, private outdoor spaces, and both a basement and a rooftop patio. Sold in 6 days by yours truly :) Caitlin Clough with milehimodern.
 
 
Highest Price Per Square Foot (Finished): $1,008
 
2504 Zenobia Street sold for $1,460,000 (listed for $1,180,000, or 24% over ask- woah). This development site is a 12,000 square foot lot with a 2,000 sq ft brick home sitting on it, only 1,450 of it finished, which contributes to the high “finished” price per square foot. It was also the largest (single family) lot sold in the neighborhood this year. Sold in 4 days, this one was sold as-is and was double-ended by Chris Lamee with Banyan Real Estate (a.k.a. Chris worked as a Transaction Broker with both Buyer and Seller).Last year’s record high PSF was $878, meaning in just one year, this stat jumped almost 15%.
 
 
Lowest Price Per Square Foot (Finished): $272
 
2141 Julian Street sold for $867,500 in January 2021 after 62 days on market. It’s a 6 bed, 5 bath half duplex with almost 3,200 square feet built in 2015. Sold by the David McNamara with VanWest Real Estate Group. 
 
 
Lowest Price Per Square Foot (Total): $265
 
2357 Grove Street was an estate sale in the Witter-Cofield Historic District. This home, built in 1902, sold for $750,000 after 9 days on market by Anthony Rael with RE/MAX Alliance. Contributing to the lower price per square foot is the 429 unfinished square footage in the basement.
 
Last year’s record low was $217, so again, we’re jumping up 22% in 2021.
 
 
Highest Percentage Over Original List Price: 30% Over List Price
 
3329 W 25th Avenue, an updated 1,700 square foot Victorian with 2 beds and 2 baths, was listed by Jeff Plous of Hatch Realty for $575,000. It sold for $750,000 cash in June. Not surprisingly, this one went in a weekend.
 
 
Least Expensive Home Sold in Sloan’s Lake: $271,000 (HOA: $267/mo)
 
2672 Utica Street, a 1 bed, 1 bath, 462 square foot condo built in 1943. This condo is in the Park Plaza Condo Community and is just one block from the lake. Sold in 4 days in June by Susie Best and Kelly Reed with milehimodern. This was also tied for the smallest home sold this year.
 
The least expensive home sold in Sloan’s Lake in 2020 was also in Park Plaza, but was slightly larger, at 606 square feet, and sold for $290,000.
 
 
Biggest Home Sold in 2021
 
The largest home sold was 4925 W 28th Avenue. This modern home sits on a large lot and has 5 beds, 5 baths and 4,998 total square feet. Built in 2015, this home is fully custom, with every luxury feature imaginable. It sold in 86 days for $1,810,000 by Jenny Apel with Nostalgic Homes. However, it had previously been listed by RE/MAX in September 2020 for $2.7M and expired after two price decreases and 111 days on market.
 
 
Smallest Home(s) Sold in 2021
 
TIE: 2672 Utica Street + 2660 Utica Street in Park Plaza Condos both are 462 total square feet in size. 2660 Utica Street is a one bed, one bath home is in the same complex as 2672 Utica Street (see above). 2660 Utica is an end unit and was sold for $290,000 in April by Colleen Waldorf with West and Main.
 
 
Oldest Homes Sold in 2021
 
3032 W 25th Avenue was built in 1880. It’s a Queen Anne Style Victorian in the Witter-Cofield Historic District with a carriage house on a large lot. Some of the historic details include original hardwoods, pocket doors, original wood trim, a Victory Garden, a rustic cobblestone courtyard with 100 year old grape vines, and a 3-car garage that was created by converting the original horse stalls. It sold in 7 days for $1,073,000 by Chadwick Williams with Denver Real Estate Professionals. 
 

These stats are pertaining to the Sloan’s Lake neighborhood only. In other market updates, I will compare the entire market and/or the 80211 and 80212 zip codes, but this is ONLY for the boundaries of the neighborhood. Essentially, the east and west boundaries are Federal and Sheridan and the north south boundaries are 29th and 17th Avenue. There is a small cut out on the east side of the lake, from Meade to Federal, where the southern border is on 19th vs. 17th Avenue. This section is technically part of West Colfax.


Related Blog Posts

Sloan’s Lake Condo Buildings

Are you interested in a low maintenance community or a lock-and-leave residence? These are some of the most popular condo buildings in the Sloan's Lake area.

Sloan's Lake Area Market Update: Spring 2024

Spring 2024 has been an interesting time for the Denver real estate market.

The Pop Top Story

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.

The Pop Top - Move Out + Demo

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.

The Pop Top - Finalizing Finishes

By May, the entire house was framed and it started to take shape. Seeing the second story, even just with lumber, was really exciting.

The Pop Top - Construction Full Speed Ahead

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.

The Pop Top - The Final Product

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.

Helpful Resources

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.

Rupert's At The Edge

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!

All Things Home

One of the best parts of my job is that I get to be that source of “all things home” for clients and friends.

Nurture A Wellcare Marketplace

We recently had the opportunity to interview the Nurture leadership team to learn more about this amazing Wellcare Marketplace.

Sloan's Lake Neighborhood: 2023 in Review

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.

Giving Back

It’s always an honor to serve my clients, but it’s extra special to give back to our community on their behalf.

Sloan's Lake Area Market Update: Fall 2023

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.

Nikki Nation Jewelry

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.

Sloan's Lake Area Market Update: Summer 2023

More like June gloom is here. This rain sure is making things green around here, but I’m itching for real summer.

Wholly Craze

This boutique specializes in women’s clothing and accessories, sourcing many of their items from brands made in America.

Sloan's Lake Area Market Update: Spring 2023

It’s no 2022, but with fewer homes to sell than buyers looking, supply and demand is doing its thing.

Sloan's Lake Neighborhood: 2022 in Review

Every year, I put my stats hat on and review the real estate happenings of the year for the Sloan’s Lake neighborhood.

Sloan's Lake Area Market Update: Fall 2022

This fall, the market has been impacted by rising interest rates and inflation. It made buyers hit pause, and I get it.

Sloan's Lake Area Market Update: Summer 2022

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.

M Stevenson Photography

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.

Sloan's Lake Area Market Update: Spring 2022

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.

Sloan's Lake Neighborhood: 2021 in Review

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.

Work With Caitlin

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.