Current Real Estate Market Trends:

Average price per square foot for Denver CO was $181, an increase of 13.1% compared to the same period last year. The median sales price for homes in Denver CO for Feb 10 to Apr 10 was $184,700 based on 2,588 home sales. Compared to the same period one year ago, the median home sales price increased 22.9%, or $34,450, and the number of home sales decreased 4.1%.

The average listing price for homes for sale in Denver CO was $411,133 for the week ending May 12, which represents an increase of 0.3%, or $1,200, compared to the prior week. Popular neighborhoods in Denver include Cherry Creek and Highland, with average listing prices of $1,053,674 and $453,879.

History of Denver:

The state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. The largest Colorado city, it is a processing, shipping, and distribution point for an extensive agricultural area. It is also the financial, business, administrative, and transportation center of the Rocky Mt. region (the “Inland West”), and home to numerous federal agencies. The Denver area has many electronics plants and is a major livestock market and headquarters to mining companies; leading manufactures include aeronautical, telecommunications, and other high-technology products. With ski and mountain resorts, national parks, and frontier historical sites nearby, Denver is also an important tourist center.

Among the city’s educational institutions are the Univ. of Denver, Loretto Heights College, Regis College, Colorado Women’s College, and the Univ. of Colorado medical school. Points of interest include a park system incorporating many mountain areas; the Denver Art Museum; the Colorado State Historical Museum; the Denver Museum of Natural History; the Black American West Museum; the Denver Performing Arts Complex; the state capitol; a U.S. Mint; Mile High Stadium, home of the Broncos (football); Coors Field, home of the Colorado Rockies (baseball); the Pepsi Center, home of the Nuggets (basketball) and Avalanche (hockey); and zoological gardens. Part of the former Rocky Mountain Arsenal has become a national wildlife refuge.

Denver Chamber of Commerce