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. This year, there were far fewer transactions to sort through— 40% less than last year— but the findings were interesting as always. With two weeks left in the year, there are just 15 active listings in the neighborhood and six transactions pending. I mentioned this last year, but as a reminder, when I say “sold in 15 days”, I’m referring to the stat for ‘Days in MLS’. So, ‘sold in 15 days’ means it took 15 days from when the house was active in the MLS to when it went under contract.
 

Without Further Ado, Here’s a Recap of What Happened in 2022.

 

Total Number of Sloan’s Lake Homes Sold in 2022: 165

​​​​​​​96 were Single Family, 6 were condos and 63 were multi-family homes (townhouse, half duplex, triplex or quadplex). The number of total sales in the neighborhood was down 40% from 2021
 
  • Average Sale Price: $1,032,308

  • Median Sale Price: $895,000

  • Average Days in MLS: 13

  • Average Sold to List Price: 102% of List

  • Number of Cash Transactions: 39


 
Most Expensive Home Sold: $3,000,000
 
4211 W 21st Avenue is a reimagined mid-century modern home directly across from open space on Sloan’s Lake. The single family home has 4 beds, 5 baths and 3,327 square feet and showcases stunning lake and mountain views. This record breaker sold after only 6 days on market by Rachel Gallegos with milehimodern. This most expensive home is 23% higher than last year’s most expensive home.
 
 
Lowest Price Per Square Foot (Finished): $282
 
2817 Federal Boulevard sold for $625,000 in December 2022 after 36 days on market and two price reductions. It’s a 3 bed, 2 bath bungalow with an unfinished basement, built in 1923. Sold by Tim Murray with eXp Realty. Last year’s lowest price per square foot was $272.
 
 
Biggest Home Sold in 2022
 
The largest home sold was 2521 Quitman Street. This modern new build, with 5,484 total square feet, went under contract in October of 2020 and finally closed in July 2022 for $2,290,499. It featured 5 beds, 6 baths, an attached 3-car garage, multi-level floor to ceiling windows and peaked roofs. The builder, HYGGE Modern Farmhouse, offered the buyer to pick out their finishes. Sold by Galo Garrido with RE/MAX Professionals.
 
 
Smallest Home(s) Sold in 2022
 
THREE-WAY TIE: 2616 Utica Street, 2612 Utica Street + 4450 W 27th Avenue are all 611 square feet in size and are all condos in the Park Plaza Condo Community. They are all 2 bed, 1 bath condos and sold for $400,000, $401,000 and $402,000 respectively. Listing agents were Tanya Hammar with Keller Williams DTC, Tod Franklin with Coldwell Banker and Rebekah Scott with Atlas Real Estate.
 
 
Lowest Price Per Square Foot (Total): $226
 
2625 King Street was an off market deal. This home, built in 1923, sold for $8,500 over the asking price of $420,000. The listing agent was with Ed Prather Real Estate. Last year’s record low was $265 or 17% higher than this year.
 
 
Highest Price Per Square Foot: $956
 
2245 Raleigh Street was an off market deal. This blond brick bungalow with 973 square feet, one block from the lake, sold for $930,000 cash. The property was sold by Debra Romera with MB Bahl Marketing Group.
 
Last year’s record high PSF was $878, meaning in just one year, this stat jumped almost 15%.
 
 
Least Expensive Home Sold: $365,000 (HOA: $346/mo)
 
3127 W 28th Avenue Unit #1 is a 2 bed, 1 bath, 618 square foot condo built in 1896. This condo is in the 10 Highlands Condo Community close to 29th and Federal. Sold in 4 days in March by Lora Martinez with West and Main. Last year’s least expensive home sold for $271,000, making this year’s 35% more than last year.
 
 
Highest Percentage Over Original List Price: 32% Over List Price
 
4625 W Byron Place, a mid-century modern home, directly across from Sloan’s Lake, was listed by David Heller with The Iris Realty Group for $1,500,000. It sold for $1,975,000 in June. Not surprisingly, this one went in a weekend.
 
 
Oldest Home Sold in 2022
 
2115 Lowell Boulevard was built in 1885. It’s an updated Victorian with 2 beds, 2 baths, an attached 2-car garage and a 350 square foot detached studio. Selling features included a primary bedroom with high ceilings, a private balcony and a rooftop deck with hot tub above the garage. It sold in 65 days for $850,000 by Trevor Sholders with DreamSpace Brokers Realty. 
 
 
Most Expensive Attached Home Sold: $1,670,500
 
2893 Wolff Street is a 5 bed, 5 bath half duplex with 3,764 square feet that was built in 2016. Four blocks from the park, this duplex lives like a single family, with only one shared wall, which is the stairway. Features include a large kitchen island, open concept, a nanawall and a rooftop deck with views. Sold in 5 days by Barry Kunselman with Porchlight Real Estate.
 
 
Longest Time on the Market
 
3162 W 27th Avenue was on the market for 131 days, the longest time on market for a Sloan’s Lake listing. It was a brand new half duplex that listed in March for $1,499,999 and sold in mid July for $1,330,000. It was sold by Julie Manion with Trans Western Realty.
 

 

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. 


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.