The Denver Real Estate Broker Blog

Lowry Neighborhood | Boulevard One

Boulevard One Lowry"Boulevard One is Going to Be HUGE!"

As all of us in Denver know, our city just keeps growing and growing and growing and getting better and better and better. Boulevard One in the Lowry neighborhood is going to be the main contributor to that positive, continued growth.

Boulevard One represents the last new neighborhood to be built at the old Lowry Air Force Base. It’s going to be West of Quebec Street at Lowry Boulevard, where the original Runway One once ended. The community also sits just east of Cherry Creek and minutes from downtown Denver.

The location of the new neighborhood is outstanding as the Lowry Town Center is across the street, as is the Schlessman Family Branch Library and Hangar 2.

The neighborhood is uber walkable and public transportation is ultra accessible. There will be three light rail stations within five miles bringing residents to Downtown, Denver International Airport, and the southern office parks. Connectivity has also been thought out as Crestmoor park will feel like an extension of the neighborhood across Monaco Parkway!

The Boulevard One area will be 70 acres in total, with 120 single-family homes, 230 row-homes and 450 apartments. It will have qualified income housing available as well.

Some of the unique factors of Boulevard One will be the studio option spaces offered and a lot of first-floor master bedroom options. The vast majority of the new homes being built will be some of the most energy efficient in Denver.

Boulevard One will have many of the neighborhood amenities that a planned community should. The mixed-use commercial area, planned out by Kelmore...

Central Park Neighborhood Appreciation | Q1, 2016, Year over Year

Neighborhood Stats for Q1 2016

Well, the first quarter of 2016 is already in the books, how time flys. Let's dig in and see how each of the 8 established Central Park neighborhood performed year over year for the first quarter of 2016.

The neighborhood with the highest average sales price was Central Park North with an average sales price of $743,875.

The neighborhood with the largest jump in appreciation was the 29th Avenue Neighborhood where the average sales price jumped a whopping 28.81% - WOW!

Total sales were down 10% with 66 sales in Q1 2015 compared to 60 in Q1 2016. 

Overall, the appreciation rate for Central Park was 15.16%, which is outpacing Denver as a whole. 

This data set represents the last sales data we'll see before the Cental Park Light Rail Station opens up on April 22nd, 2016. I am very curious to watch the appreciation rate after the station opens. I wrote an article back in 2012 Central Park property value set to increase with light rail stop, and I am hopeful that my prediction of an addition 10% bump comes true.

Q1 2016 Sales

Q1 2016 Appreciation...