Lowry, Colorado Real Estate and Relocation Information

Lowry Air Force Base in east Denver was decommissioned in 1992, opening it up for the largest infill development in the U.S. The site is now a landmark mixed use New Urban Community combining small and medium sized businesses, retail, educational, recreational and residential uses.

Lowry has been so successful that it received the Governor's Award for Smart Growth, the 1999 Sustainable Community Award from the U. S. Conference of Mayors and National Association of Counties, and the Department of Housing and Urban Development's (HUD) Secretary's Award for innovative collaboration and sustainable growth. The community is a model for urban infill projects across the country. Redevelopment began in 1996 with the demolition of existing buildings and runways and the building of Lowry's new infrastructure. Residents moved into the first new homes in 1998.

Close to the heart of Denver, Lowry is 17 minutes from downtown, 10 minutes from the upscale Cherry Creek Shopping Center, 20 minutes from the Denver Tech Center, and 25 minutes from the Denver International Airport.

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Lowry Real Estate

• Homes and other buildings are pre-wired for high-speed Internet access and multiple phone lines. Homes are also wired for automation, security and advanced entertainment systems. Commercial buildings have advanced telecommunications capabilities.
• Lowry real estate ranges from new low-income apartment housing at the east end of the Lowry campus to million dollar homes on prestigious 6th Avenue. Many buildings in the historic core of Lowry have been converted to new urban living loft homes, townhouses and apartments.
• New homes will continue to be built at Lowry through 2007. (Click above for Lowry's new home builders.) If you’re in the market for Lowry new construction see If You’re Looking For a New Home.

Lowry Real Estate Prices for January 2008
(data from August 1, 2007 to January 31, 2008)

52 detached single family homes were sold with a median list price of $494,250. On average homes took 108 days to sell and sold for a median price of $475,000. Median price is a better measure of sold price than average, which is skewed by a few high-priced homes at the top end and low-priced homes at the bottom. Lowest sold price for detached single family homes was $159,900; highest sold price was $1,525,000. For condos and townhomes (attached family homes) the lowest sold price was $146,000 while the highest was $470,000. The median sold price was $275,000, and the average was $286,044.
 
The ratio of sold to list price was 97.27% for detached homes. The ratio of sold to original price was 92.35%, which means that sellers are still listing homes at too high a price The net sold (after seller concessions such as down payment or closing cost assistance, and the like) to original list price was 92.23%. To simplify, if a seller originally listed their home at $500,000 they realized $461,150 from the sale.
 
By the time the seller finally reached a marketable price after having listing it too high, the sold to list ratio improved to 97.27%, and the net sold to list price was 97.15%.

Lowry Shopping and Dining

• The community is home to the Lowry Town Center, an urban design retail area geared toward leisurely shopping, small restaurants, and strolling through the tree-lined streets, perhaps for an ice cream in the summer, a latte in the late afternoon, or a week's worth of groceries at the local Albertson's super market.
• The newest restaurant at Lowry is The Tavern. It joins other gathering places like Salty Rita’s, Serioz, the Urban Harvest, and Pei Wei’s. Two Starbuck’s offer coffee lovers a place to take a break or open the laptop at these wired facilities.
• Cherry Creek is minutes away. Shopping in this upscale neighborhood is a tourist must. Cherry Creek North prides itself on its 320+ shops, restaurants and galleries. World class Cherry Creek Shopping Center offers Saks, Neiman Marcus, and Macy’s as well as many other shops, restaurants and movie theaters. Popular restaurants in Cherry Creek include Mel’s Restaurant and Bar, Elway’s, and Mirepoix.

Education at Lowry

Private and public educational facilities range from pre-school to college, including the home of the innovative Colorado Free University, the Logan School for Creative Learning, the Denver Academy of Torah, and the new Challenges, Choices and Images (CCI) Literacy and Technology Charter School. A new branch library was dedicated in 2002.

Lowry Parks and Recreation

Recreational facilities abound at Lowry, from the Big Bear Ice Arena and Jackie Robinson youth baseball field to the brand-new Montclair Recreation Center. Broad tree-lined boulevards and open space characterize the community. Wetlands and newly designed public parks dot the 1,866 acre space.

 

Lowry, Colorado Zip Codes

• 80230

Lowry Hospitals and Medical Centers

The Colorado Allergy and Asthma Center is located at Lowry, as well as the new Denver Arthritis Clinic. Located within five miles of 11 major medical centers, both facilities are among Denver's finest specialized medical services.

Lowry, Colorado Weather

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