Sloan's Lake Neighborhood: 2024 Year in Review

Not sure about you, but I'm glad 2024 is coming to a close. This was a hard year in the Denver real estate market, and selling property was no easy feat. On a good note, our number of transactions rebounded this year after a major decrease in 2023. This year, there were 173 sales in the neighborhood. On the last day of the year, there are 24 active listings in the neighborhood and one transaction pending. There were also 81 listings that were expired or withdrawn in the neighborhood, compared to 58 last year-- a 40% increase.

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.

Read on for a summary of the 2024 year in Sloan's Lake.

Total Number of Sloan’s Lake Homes Sold in 2024: 173

138 were Single Family, 3 were condos and 32 were multi-family homes (townhouse, half duplex, triplex or quadplex). The number of total sales in the neighborhood was up 34% from 2023, the median price was up slightly and the average price was down slightly. The average days on market increased by 71% and buyers were able to take a little more off the list price (an average of 4% off list versus 2% off last year). 27% of transactions closed as a cash purchase, up from 18% of cash transactions last year.

Average Sale Price: $1,027,516
Median Sale Price: $885,000
Average Days in MLS: 41
Average Sold to List Price: 96% of List
Number of Cash Transactions: 46

Most Expensive Home Sold: $3,900,000

2158 Stuart Street was sold by Rachel Gallegos with milehimodern in May. The single family home has 5 beds, 5 baths and 5,400 square feet. It was also the biggest house sold in 2024. This year’s record is 8% higher than last year’s most expensive home.

Least Expensive Home Sold: $272,000

2628 Utica Street is a 1 bed, 1 bath, 486 square foot condo built in 1943. This is in the Park Plaza Condos across from the lake and Pirate Playground, which has a $517/mo HOA. It was also the smallest home sold in the neighborhood, took the longest to sell and had the lowest list to close percentage. The original sale price was $350,000, making the final sale of $272,000 more than 22% below the list price. The sale included a $11,500 concession to the Buyers. Sold by Deborah Woodward with Homesmart after 208 days on market.

Oldest Home Sold in 2023: 1885

2247 Lowell Boulevard was built in 1885. It’s a two story Victorian with 3 beds, 2 baths and a detached 2 car garage. It sold after 107 days on market for $727,400 by Ginger Matney with Elevate Real Estate.

Lowest Price Per Square Foot: $237 finished / $184 total

2714 Java Court is a 6 bed, 2 bath two story bungalow that sold for $731,250. It was originally listed for $900,000, but had a structural issue with an estimated $38k repair. Sold after 21 days on market by Juanita Chacon with RE/MAX Alliance.

Most Expensive Attached: $1,575,000

3995 West 20th Avenue is a 4 bed, 4 bath half duplex on the east side of the lake that was built by GJ Gardner in 2017. The south facing orientation and large windows make for a beautifully light-filled residence. Sold by Nicki Collier with Jeffrey Veronie.

Highest Percentage Over Original List Price: 9% Over

3213 West 19th Avenue, a south-facing half duplex by Hallack Park, was listed by Jenny Apel with Nostalgic Homes. With two beds, 1 bath a 1-car garage and a private yard, it was listed for $435,000 and sold for $475,000 in March.

Highest Price Per Square Foot: $1,183 total

2236 Stuart Street sold for $1,755,000 in April after 4 days on market. Last year's record was $929, making this year's price per square foot (PSF) 27% higher than last year. Sold by Grant Muller with Compass.

Fun Fact: This house also made a PSF record when it sold back in 2020, selling at $878 per finished square foot. Crazy what happens in four years in Sloan's Lake...

Least Expensive Single Family Home: $472,000

2736 Meade Street sold off-market for $472,000 in August. With just over 1,800 square feet, it was sold as-is by Zeller and Cannady with RE/MAX Northwest. It's now relisted again (after a full renovation) for $974,900.

Disclaimer: 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.

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