Denver area’s ‘hottest’ residential neighborhoods? Two are in one city – Denver Business Journal

What are the Denver area’s “hottest” residential real estate areas in 2018? Two are in Lakewood, according to Redfin.

Each year, the online real estate company picks out the nation’s and large U.S. metro area’s “hottest” neighborhoods. Last year in the Denver area, it was Greenfield, located in the south Aurora/Centennial area, which was rated the ninth-hottest neighborhood in the country by Redfin.

This year, no Colorado neighborhood made Redfin’s national “hottest neighborhood” list. In fact, no neighborhood outside of California’s Bay Area made the national list, as nine from San Jose and one from San Francisco were the top 10 in the country.

In the Denver area, Redfin says the Green Mountain area in west Lakewood will be the area’s “hottest neighborhood.” Homes there have an average sale-to-list price ratio of 99 percent; 22 percent sold over list price (as of December); and homes spent an average of just 28 days on the market.

Also making the Denver area’s top three “hottest neighborhood” list is Applewood in Lakewood. Homes there have an average sale-to-list price ratio of 97.3 percent; 8 percent sold over list price (as of December); and homes spent an average of 55 days on the market.

The third “hottest neighborhood,” according to Redfin, is the Regis neighborhood in north Denver. Homes there have an average sale-to-list price ratio of 100,4 percent; 54.8 percent sold over list price (as of December); and homes spent an average of 46 days on the market.

What determines a neighborhood’s “hotness?” Redfin said “Hottest Neighborhoods is a prediction based on the most recent growth we’ve seen in page views and favorites on Redfin.com.”

Gallery: 2017 Parade of Homes

The 2017 Parade of Homes features 66 homes around Colorado.

VIEW SLIDESHOW 13 photos

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