Denver’s ‘hottest’ residential real estate neighborhood is in Aurora, says report
Sep 19, 2017, 7:10am MDT Updated Sep 19, 2017, 7:13am MDT
A new study indicates that Denver’s hottest residential real estate market — and the fourth “hottest” market in the country — is in Aurora.
That’s according to a report by finance website GoBankingRates, which indicated that the Heather Gardens neighborhood in Aurora is the state’s “hottest” neighborhood.
To come up with its rankings, the company said it “analyzed more than 1,700 neighborhoods throughout the U.S. to determine which locations provide the best opportunity to buy before they become too expensive. Neighborhoods were determined based on trends in home prices, the available supply of homes and how long homes remain on the market.”
According to GoBankingRates, the Heather Gardens neighborhood, located east of I-225 around East Yale Avenue, saw 27.31 increase in median list prices (to $278,750) and homes stayed on the market for an average of only 10 days.
The nation’s “hottest” neighborhood market in the country was Jungle Gardens in St. Petersburg, Florida, followed by Beacon Hill in Seattle and Point Breeze in Philadelphia, according to the study.
Earlier this year, another study tabbed the 80239 ZIP code area, which includes northeast Denver’s Montbello neighborhood and adjacent parts of Adams County, as the nation’s “hottest” residential real estate neighborhood.
Ben Miller contributes to the Denver Business Journal and compiles the Morning Edition email newsletter. Contact him at firstname.lastname@example.org.