28th Nov, 2007

Denver’s Top Five Housing Neighborhoods

1. Denver’s Washington Park Neighborhood
Denver’s most desirable neighborhood borders its namesake of Washington Park. The popular park’s running and bike trails make it a family favorite, especially in the summer. Gaylord St. also brings in a crowd to the shops and restaurants lining the neighborhood thoroughfares.

The Washington Park neighborhood centers around one of Denver’s finest parks, known as Wash Park for short. The park covers 165 acres, and features one of the most popular running trails in Denver. Two scenic lakes and the city’s largest flower garden add to Wash Park’s bucolic charm. The Washington Park neighborhood encompasses the park’s borders, and stretches from Downing St. to University Blvd. The neighborhood is bounded by Cherry Creek Dr. to the north and I-25 to the south. Demographics: According to the 2000 census, Washington Park is home to 6,650 residents. The average home costs $429,475, while $913 covers the average rent. While certainly not Denver’s most affordable neighborhood, Wash Park is one of the most educated. A whopping 75 percent of Wash Park residents have college degrees, much higher than the city’s average of 39 percent.

2. Denver’s Capitol Hill Neighborhood
Capitol Hill is one of Denver’s most historic neighborhoods, named after the state capital building perched atop a hill. The neighborhood fell into disrepair for a while, but now benefits from the urban revival downtown. The neighborhood’s proximity to downtown and its nightlife makes it popular with single professionals.

The Capitol Hill neighborhood is named after Denver’s Capital Building, which indeed sits atop a hill. Capitol Hill stretches from Broadway to Downing St. The neighborhood is bounded by Colfax Ave. to the north and 8th Ave. to the south. While Capitol Hill used to be the province of criminals, the area has been gentrified in the past decade. Many young professionals work downtown and enjoy the convenience of living close to the city in Capitol Hill’s historic buildings. However, there are still pockets of crime and vandalism, so tread carefully after dark, especially along Colfax Ave.
Demographics: According to the 2000 census, Capitol Hill is home to 14,987 residents. The average home costs $426,233, while $528 covers the average rent. Most of the housing consists of apartments and condos, with some single-family homes in the mix. Fifty-one percent of Capitol Hill residents have college degrees, higher than the city’s average of 39 percent.

3. Denver’s City Park Neighborhood
City Park houses such popular tourist attractions as the Denver Zoo and Denver Museum of Nature and Science. The park also boasts an 18-hole golf course and three man-made lakes. The neighborhood attracts both tourists and locals alike to the restaurants bordering Colfax Ave. as well as the zoo and museum.

The City Park neighborhood encompasses City Park, the Denver Zoo, and the Denver Museum of Nature & Science. The neighborhood falls between York St. to the west and Colorado Blvd. to the east. Bounded by 23rd Ave. to the north and Colfax Ave. to the south, the City Park neighborhood attracts many tourists and locals alike.
Demographics: According to the 2000 census, City Park is home to 2,123 residents. The average home costs $257,524, while $538 covers the average rent. The low population of the neighborhood is due to the fact that most of the land is used for the park rather than for housing tracts. Of course, this statistic may change dramatically once construction is finished on the high-rise condos bordering the park. Fifty-three percent of City Park residents have college degrees, higher than the city’s average of 39 percent.

4. Denver’s Cherry Creek Neighborhood
Cherry Creek has always had a golden past, as a gold strike at the confluence of Cherry Creek and the South Platte River led to the founding of Denver as a city. The neighborhood’s reputation for luxury lives on today with the tony Cherry Creek Mall and upscale restaurants at Cherry Creek North. More pedestrian enjoyment can also be found on the bike trails and running paths along Cherry Creek’s banks.
The Cherry Creek neighborhood is named after the meandering Cherry Creek, which has bike paths and running trails alongside its banks. The neighborhood falls between University St. to the west and Colorado Blvd. to the east. Bounded by 6th Ave. to the north and Alameda Ave. to the south, the neighborhood also hosts Denver’s most prestigious shopping center, Cherry Creek Mall.
Demographics: According to the 2000 census, Cherry Creek is home to 4,495 residents. The exclusive neighborhood proves one of Denver’s most expensive places to live. The average home costs $692,794, while $698 covers the average rent. Sixty-nine percent of Cherry Creek residents have college degrees, higher than the city’s average of 39 percent.

5. Denver’s Governor’s Park Neighborhood
Governor’s Park straddles the area between Capitol Hill and Washington Park. Sixth Ave. offers an international selection of restaurants from Little India to Benny’s Mexican restaurant. The neighborhood is named after the Governor’s Mansion, and contains a mix of apartment homes and single-family living. Governor’s Park offers a slightly more affordable alternative to Washington Park. The Governor’s Park neighborhood is anchored by the Governor’s Mansion at 400 E. 8th Ave. The Georgian Revival mansion was built in 1908 and deeded to the state in 1959. Every governor since 1960 has occupied the mansion except for Bill Owens, whose term ran from 1999-2007. Governor Bill Ritter currently lives at the six-bedroom mansion with his family.
Special events are also held in the mansion, and free tours are offered June – August. The Governor’s Park neighborhood stretches from Broadway to Downing, and is bounded by 8th Ave. to the north and Alameda Ave. to the south.

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Historical Housing Statistics for Colorado

REAL ESTATE FACTS:

79% of real estate buyers and sellers begin their search ONLINE. (NAR. Source: Real Estate Blog). Today – 24,180,000 (that’s right – 24 million) people are researching their next home purchase on the Internet. Right now, only 43% of Realtors have websites. This means that 24 million home buyers are gathering information from roughly 200,000 Realtor websites. (Source: Stan Smith, Internet-World-Stats) These days, more than 70% of home buyers shop online before linking a deal, up from 41% in 2001. (Source: Business week magazine).

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jeffery_mcclintock.jpgJeffery McClintock, is a real estate broker in Denver and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

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