More than 10,000 Denver condos have sold this year. That’s actually a decrease.
Condo sales in the Denver metro are down 6.2 percent compared to August of last year, according to the Denver Metro Association of Realtors’ September report.
That’s despite aĀ meager 1.6Ā percent increase in condo inventory from last year.
More desirably priced condos ā from $200,000 to under $500,000 ā have seen sales volumesĀ 12 percent higher thanĀ last year. So there’s definitely demand for affordable condos, beyond just Mayor Michael Hancock.
Of course, the biggest jump was a 76 percent increase in sales of condos priced fromĀ $750,000 to $999,999. So if you’re wondering why developers are building luxury condos, the numbers seem to bear them out.
Well, sales of condos priced under $200,000 fell considerably.
Here’s what all that looks like:

Categories encompass prices from above the previous category up to the price indicated. So $199k includes condos priced from $100,000 to $199,999.
At any rate,Ā given that DMAR sees a consumer preference for walkable housing, combined with larger homes not performing well, I’d bet that condos will remain desirable. PerhapsĀ not quite as desirable as the Hunger Games apocalypse that is single-family home sales, though.