CONDO CONFIDENTIAL:

Year over year, million-dollar-and-over Denver condo sales rose 29% in Denver during 2011, according to Metrolist data for the city and county. A total 27 sales hit the seven-figure range, up from the previous year’s 21. And despite historic low interest rates, 70% of the sales were cash.

Amounting to less than one-tenth of one percent of Denver’s 2711 condo sales for the year, and costing up to $913 per square foot, compared to the average $151, what other than high prices do these properties have in common?

Location-wise, all but two of them were either in downtown (Lodo and Riverfront) or Cherry Creek. One in the Highlands, another at City Park also made the cut.

Almost half of them had garage parking for three or more cars, with top honors going to a Larimer Place condo with parking for five (worth perhaps a quarter-million dollars in the core of downtown).

Some 63% of them had four or more baths. One had seven, another eight. Seventy percent of them were built within the last 10 years, and 67% of them had finished square footage over 3000, the largest weighing in at 7589.

A third of them were 2-story townhomes, the remainder, by and large penthouses sitting on a roof or occupying the building’s top floor.

On average, these properties were on the market eight months and sold for 87% of asking price, compared to four months and 94% for the average Denver condo.

So what do these high-end properties look like? For pictures, email Ken Miller, at kenm@kentwoodcity.com. Ken has specialized in Denver condos since 1990.

2839 Umatilla is a very modern chic town home right in the
heart of LoHi. Walk to Linger, Duo and many other hot spots in LoHi. This
property is one of a kind . It has a gorgeous backyard with soaring bamboo, a
carriage house apartment above the garage, a roof top deck and 4 levels of
incredible living space. This unit will be open on October 12 from 4;30 -7:-00
for an open house. For more information see  www.milehimodern.com or call Peter Blank
at peter@kentwoodcity.com or Dee Chirafisi at  deec@kentwoodcity.com.

1816 Little Raven is an amazing Brownstone in Riverfront Park. The unit
is right on Commons Park in the heart of Riverfront. It is a fabulous five
start 3 level townhome with elevator. Private attached 3 car garage. Gorgeous gardens
and patios and top of the line finishes.  The unit is going to open for a
preview party on October 19 from 5-7. If you are interested in coming to see
the property please contact Dee Chirafisi deec@kentwoodcity.com
or Dena Pastorini at dena@kentwoodcity.com
or you can see the property on line at www.denverdee.com
or www.downtowndena.com .
( attaché photo if us with dogs )

Private Wrap Around Terrace with over 700 sqft and Breathtaking Views!

Stellar location in South City Park/Uptown. Across the street from City Park – a great place to walk Fido or go for a run. The Denver Zoo and the Museum of Nature & Science are also close by and the new Tattered Cover on Colfax is just a short walk.

Enjoy the convenience of all your favorite shops on 17th & 18th Avenues: Starbucks, Steuben’s, Hamburger Mary’s, Marczyk Fine Foods, Woodhouse Spa, Las Margaritas, Pasquini’s, Thai Basil, Limon and tons more.

A great neighborhood and centrally located with easy access to Downtown and Cherry Creek.

Luxury Finishes