About Denver's Golden Triangle

Market Update for The Following Buildings in the Golden Triangle: The Balustrade, The Belvedere Tower, Cadillac Lofts, Century Lofts, Grand Cherokee Lofts, Metropolitan Lofts, Museum Residences, Prado Condominiums, Trieste Lofts, Trovare Lofts

Real Estate Sale History from 9/15/2010 - 9/15/2011

Balustrade 1200 Cherokee St., Denver CO 80204 | Belevedere Tower 475 West 12th Ave., Denver CO 80204 | Cadillac Lofts 1090 Cherokee St., Denver CO 80204 |Century Lofts 290 West 12th Ave., Denver CO 80204 | Grand Cherokee Lofts 1050 Cherokee St., Denver CO | Metropolitan Lofts 930 Acoma St., Denver CO 80204 | Museum Residences 1200 Acoma St. & 55 West 12th Ave., Denver CO 80204 | Prado 300 West 11th Ave., Denver CO 80204 | Trieste 1100 Cherokee St., Denver CO 80204 | Trovare 1140 Cherokee St., Denver CO 80204

5 - 7 p.m.

March 17 | Japoix - 975 Lincoln

April 21 | Fashion Denver - 1070 Bannock

May 19 | Rooster & Moon - 955 Bannock

June 16 | Megastar - 1080 Cherokee

July 21 | Cap City Tavern - 1247 Bannock

August 18| Acoma Living - 816 Acoma

September 15 | Apple Spice Junction - 49 W, 9th Ave

October 20 | Loft Tour & Cherokee Grill - 1201 Cherokee

November 17 | Rocky Mountain PBS - 1089 Bannock

December 15| Gallery 1261 - 1261 Delaware

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Golden Triangle, Denver's Art & Museum District

$300,000 - $1,000,000 price range

1,400 to 2,500 square feet

12 Month Evaluation - 6 sold properties in last 12 months. 6 divided by 12 months equals 1 property sold per month. There are currently 11 active comparable properties on the market. 11 divided by 1 equals 11 months of worth of inventory. This means a strong buyers market.

Average Price per Square Foot | $244 | Sold Properties, Last year it was $320 per square foot

An absorption Rate of 5-7 is considered a normal market. Less than 5 is a sellers market and more than 7 is a buyers market.

Normal Market - In a normal market there is a 5-7 month supply of homes. A normal market has a balanced level of inventory where the market is not leaning in either the seller's or buyer's favor.

Seller's Market - In a seller's market there is less than 5 months supply of homes. Since there are fewer homes to choose from, sellers are in control and buyers have to be willing to pay top dollar to get the home that they want. Multiple offers are often the norm in a seller's market.

Buyer's Market - In a buyer's market there is more than 6 months supply of homes. Buyers are in control since there are so many homes from which to choose from. Sellers often have to give an incentive (pay for closing costs or pay for repairs) to buyer's to buy their home.

Last year I deliberated the direction of my Real Estate career and whether it would be best served staying with Kentwood City Properties or moving to a new Brokerage. I decided to move my License to Golden Triangle Realty LLC | Distinctive Properties

Distinctive Properties is in Denver's City Center, Located in The Golden Triangle at 49 W. 11th Ave. Denver CO 80204 (Acoma & 11th) Only 2 Blocks from my home. I cannot say enough wonderful things about Distinctive Properties and all the Brokers and Staff.

My 9 years at Kentwood City Properties in LoDo was a positive experience, and I wish only the best for Kentwood City Properties.