DENVER HOME MARKET: Even a ‘total disaster’ in Denver costs $429,000

DENVER (KDVR) – Denver metro home buyers are paying record amounts above the asking price. In March, Denver buyers paid an average of 105.8% of the asking price, the highest on record.

It’s one of the reasons some people have said they’re leaving Colorado altogether.

A real estate ad posted on Coldwell Banker Homes 22 days ago provides some insight into the liveliness of the housing market in our state.

The listing is for 3301 S. Glencoe St. in Denver. This is a 3 bedroom, 1 full bathroom, 1 partial bathroom home with 1,300 square feet. It also has a garage for 2 cars.

It’s listed for $429,000, but a sale is underway.

But here’s the kicker: The house is described in the listing as a “total disaster.”

“This house is a total disaster! Sold “as is” including all “stuff” on the property. A large garage, however. You have to bring your imagination. One of the worst properties on the market.”

Photos of the property show a garage covered in stains and multiple paint colors. The house itself is filled with stained walls, junk, furniture, and random boxes. The yard is also covered in random furniture, boxes, and heaps of stuff.

In September 2000, the house sold for $182,900. Nearly 20 years later, he is expecting a sale of $429,000, almost a quarter of a million dollars more.