Axios Denver

Why it matters: Axios Denver, anchored by John Frank and Alayna Alvarez, is here to help readers get smarter, faster on the most consequential news and developments unfolding in their own backyard.

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What $2M gets you in Denver's real estate market

2818 Wyandot St. Photo: Gabriela Photo, courtesy of Monica Cespedes

If you're curious what's on Denver's luxury market these days, we rounded up three homes that recently sold for around $2 million.

State of play: Despite the pandemic, Denver luxury homes (above $1M) are moving at record speeds. In May 2021, 416 luxury homes closed and 476 are pending — and both of those figures are up almost 300% from May 2020.

  • The median days in MLS was five, compared to 25 last year.
  • This is partially fueled by record low mortgage rates, which give buyers more power.

Note: These homes have all sold within the last six months and days on the market is calculated from time listed to time sold, according to Zillow.

20 hours ago - Axios Denver

DIA's newly named leader connected to public corruption allegations

Phillip Washington. Photo courtesy of the City of Denver

The Los Angeles County District Attorney's Office is looking into a complaint involving public corruption allegations against the agency previously run by Mayor Michael Hancock's pick to be Denver International Airport's new leader.

State of play: Hancock nominated Phillip Washington last week to take on the city's highest-paid charter officer position (at $266,143 a year) and succeed outgoing CEO Kim Day, who retires July 16.

  • His appointment needs approval from the Denver City Council.
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