Friday, September 18, 2009

Greenwood Village Condos - Looking More Attractive Each Day

By Michael Canon

Greenwood Village is nestled in the southern central part of the greater Denver area. The town is a rather small town with only about 14,000 residents. During the day there are more than 30,000 people that work in the community. This is because the Denver Tech Center is inside the town. Greenwood Village condos have become popular in recent years as they are less expensive than houses. Residents of Greenwood Village condos find that the condos suit them well when it comes to price versus size.

Residents of Greenwood Village can enjoy access to the Denver area by I-25 which is also Highway 88. Also to the south of the city is highway 470 which loops around the greater Denver area. Residents are able to get around Denver very easily using both of these highways.

Residents can enjoy various activities and community events in the area. The two largest community events happen during the summer months. The Greenwood Village Goose Chase is an annual event that takes place every summer, also at the Crescent Amphitheater are free concerts that are held. Fresh mountain air can be enjoyed along the 40 miles of trails that the city has provided for its residents.

Recently the area gained access to a light rail system that makes traveling to downtown much easier than driving. This makes it much easier on the residents in Greenwood Village condos that have to commute downtown for work or other activities.

Greenwood Village condos range in price from $65,000 up into the millions. The range is dictated by the various sizes and bedrooms available. Two bedroom condos are more than twice as expensive as one bedroom condos which average out to be about $216,000 while the two bedroom condos average out to $519,000. Surprisingly three bedroom condos have a higher price than the four bedroom condos. Three bedroom condos average out to be around $789,000 while four bedroom condos only average out to be around $720,000. This is due to the higher demand of three bedroom condos. Overall the median price for Greenwood Village condos is $185,000. Sales for Greenwood Village condos have increased and so has the median price for them. Condos have decreased in how long they stay on the market. While not much, the decrease was from 97 days to 95 days when judging one year from the previous. The decrease shows that condos are selling slightly faster than the previous year.

Greenwood Village has a booming real estate market and is definitely a buyer's market. If you are moving to the greater Denver area than the life style and scenery of Greenwood Village may be for you. Greenwood Village condos are priced right for those looking to get a good deal because they want to live in the Greenwood Village area.

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