Solds Summary 2017
In 2017, there were 14 sales from $210,500 for the 891 sf floor plan, up to $316,000 for the 1,068 sf floor plan condo. Second highest was actually for the larger floor plan of 1,315 sf at $310,000. For comparison, 2016 sales of Hermitage Condos ranged from an $180,000 May, an 891 sf condo to the highest at $285,000 for a 1,315 sf condo. That’s an increase of 11% in the highest price price over last year. From 2016 to 2017, the median Denver condo price increase was 12.15% and most predictions have condo demand continuing to be strong in 2018 with median prices going up in the 6% range.
Limited supply will continue to work in the sellers’ favor. As Light Rail Homes experts, call or text us for details 303-523-4663.