Observatory Park Market Update Fall 2025

🏘️ Observatory Park Market Trends

1. Median Price per Square Foot Has Softened Slightly

According to Kentwood Real Estate, the median price per square foot in Observatory Park has seen a decline of about $20 (~4%) over the past six months. kentwood.com
That suggests sellers may be adjusting to market conditions and buyer expectations.

2. Active Listings Are Still Strong

Zillow currently shows ~63 homes for sale in Observatory Park. Zillow
You’ll find a mix of luxury estates, modern remodels, and historic homes. For example:

2511 S Columbine Street is listed around $2,995,000. Zillow

2600 S Adams Street (4 beds, 5 baths) is listed near $2,000,000. Zillow

3. Market is Tilting Toward Buyers

Denver as a whole has shifted toward a buyer’s market in 2025, with many listings seeing price cuts. Axios+1
As of June 2025, roughly 38% of listings in Denver had price reductions. Axios
This broader trend likely exerts pressure on high-end neighborhoods like Observatory Park, giving discerning buyers more negotiating room.

4. Delistings & Stale Listings on the Rise

More homes are being pulled off the market rather than sold — suggesting some sellers may be holding for better conditions. Axios
In Denver overall, about 35% of listings had already remained unsold beyond 60 days. Axios+1

🔍 What This Means for Buyers & Sellers in Observatory Park

For Buyers:

You may find better leverage in negotiations, especially if a home has been on the market a while.

Look for homes that have had recent price cuts — those listings are where sellers may be more open to offers.

Because Observatory Park homes are high-end and unique, always bring in an experienced agent to evaluate condition, upgrades, and comps carefully.

For Sellers:

Expect to need to price realistically from the start. Overpricing could lead to your home becoming a “stale listing.”

Highlight premium features (views, lot size, quality finishes) that justify upper-tier pricing.

Be prepared to make small concessions (closing costs, staging, minor repairs) to stay competitive.

Maintain flexibility. If buyer demand is soft, timing and presentation are key.

Recent Sold Comps (Last ~3 Months)