Currently there are 26 active listings on the market in the Jefferson Park neighborhood. The average list price is $681,546 with the highest priced listing being 4.2 million and the lowest $338,900. There is a wide variety of prices in this neighborhood. The 4.2 million listing is probably throwing off the home average price though. Currently there are 9 properties that are Under Contract with an average price of $404,000
The listing that has been on the market now for 133 days is the 4.2 million dollar listing. This listing is not the norm for this area. Normally the highest priced properties are in the high 7s.
In the month of October there were 11 properties that were sold. This neighborhood is still very active and probably will be for some time. The average price of the homes sold in October was $486,472 which sounds typical for this area. The average CDOM was 139. This neighborhood has higher CDOMs because many of the homes are new construction
The majority of the home sold were either condos or townhouses which is now the norm in this neighborhood. Half of the homes that were sold were new construction.
The listing and sold data tells me that this neighborhood still has a large amount of growth going on. There is still a lot of new construction going on which tells me why there are so many active listings in the area.
I would tell current homeowners in this area that this neighborhood was once a hidden gem and now is becoming more and more desirable each day. The value of their home may be more than they think due to the desirability and growth of the area. It’s not a bad idea for current homeowners to find out the value of their home, even if they have no plans of selling!
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.