DENVER REAL ESTATE: The impact of Mike Shanahan’s home sale

 DENVER REAL ESTATE: The impact of Mike Shanahan’s home sale

DENVER (KDVR) — It isn’t easy to find a home in the Denver real estate market as inventory can be sparse.

Sara Hankenson, a real estate agent with VIP Real Estate CO said it’s not unusual for a home, like former Broncos’ head coach Mike Shanahan’s Cherry Hills home, to stay on the market as long as it did.

“Houses in that price range definitely appeal to a different buyer,” Hankenson said.

It just so happens to be the most expensive home ever sold in the Denver market. Hankenson said that scenario shouldn’t be applied to just any home.

“Inventory is not sitting at the average single-family home price in Denver,” Hankenson said.

Interestingly enough, she added, that home might have sold sooner somewhere else, than the five years it was on the market here.

“That house, for instance, in Vail, Beaver Creek, Snowmass, Aspen…

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