Central Park Neighborhood Appreciation | Q4, 2015, Year over Year

The Central Park neighborhood is comprised of 10 individual neighborhoods. Most analysis focuses on Central Park's overall performance and how it relates to other Denver neighborhoods. We are starting a series that will be released every quarter that looks at each named neighborhood of Central Park and how it compares to the others.

This article presents detached single family sales stats from the 4th quarter of 2014 compared to the 4th quarter 2015.

Based on the data, it looks like Central Park West was the best performer. Sale prices increased 19% year over year in Central Park West. Looking at the data it's important to look at the sample size when evaluating the results. For Central Park West the total homes sold in Q4, '14 compared to Q4, '15 was 3 and 5 respectively. With that small a sample size, each home sale has a greater impact on the results.  

That being said, Central Park North may have had the best performance. The neighborhood appreciated 15% on 13 and 15 respective home sales. 

Looking at each neighborhoods performance it is clear that Central Park is a good place to own real estate. The average appreciation was 13.68%. Does your neighborhood give you bragging right?

Here are the statistics for each of the individual neighborhoods.

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