Westerly Creek Neighborhood: The latest updated stats. Wow. A couple of months ago I wrote a blog about the newly named area of Denver(we named it)that is quickly becoming the best investor neighborhood in Denver. Westerly Creek. The latest statistics prove it. A few quick bullet points. The KnopHomeTeam has been tracking the Westerly Creek neighborhood and in 3 month increments these show statistics over the last quarter compared to the previous one and then this same time frame last year. In solds: The last 3 months there has been 26 homes sold with only 30 on the market currently. Sold DOM: From 80 to 58 now 51 Med Sales price: From $100,000 to $102,000 to now $122,000 WOW Absorption Rate: From 10.67/month to 6.87/month to now 8.67/month Sold Price Per Square Foot: $122/ft to $117/ft... 01/31/2012

Westerly Creek Neighborhood Part 1: Denver's Hottest Investor Neighborhood is Surrounded by Real Estate Gold. What is that old Real Estate adage again? Oh yeah, Location, Location, Location!! And when our clients tell us they want the hottest neighborhood in town but can only afford 1/3 of that neighborhood's price point, as Realtors what do we do. We take them to the next closest area. And in an up market those "surrounding" neighborhoods end up taking on a new name and character that ties in with the "original" neighborhood. Here in Denver classic examples are Washington Park and then West Wash Park, Highlands and then NoHi, LoHi and Highlands/Berkeley. The newest of these cusp neighborhoods is what I would like to start calling Westerly Creek. It currently doesn't have a name. Most R... 08/23/2011