The general market downslide has been avoided by the Denver Real Estate market. There are many of reasons that Denver real estate is doing well compared to the rest of the market. The city has been able to sustain a median home value of near $292,000. The Denver real estate market is very desirable at this time because of this. The city houses fascinating mountain views and many outdoor activities with 550,000 residents even though it is literally a mile high at 5,280 feet.
Throughout Denver you will find many activities that residents enjoy doing such as the Denver Center for the Performing Arts. This arts center happens to be the second largest arts center in the nation. The Red Rocks Amphitheatre is carved out of red boulders and is another attraction that many Denver residents enjoy.
Renters and home owners are split amongst the population almost 50/50. About half of the homes in Denver are single family detached homes. Apartment complexes and high rise buildings account for an additional 40% of the Denver market. This shows that the Denver real estate market is geared towards single family homes.
There is a wide range of home sizes in Denver from as little as no bedrooms to houses that have more than 5 bedrooms. 2 bedroom homes are the majority of the homes in the area with 32% of the market however 1 bedroom homes do have 25% of the market and 3 bedroom homes have 23% of the market.
The historic past of the Denver real estate market is clearly shown. Currently only 5% of homes are actually newer homes that were built after'95. 42%, almost half of the Denver homes were built between'40 and'69. 25% of the Denver real estate market is considered historic homes as they were built before'39.
Over half of the Denver real estate market falls between a home value range of $155,000 and $311,000. In addition you will find that'% of homes fall between $311,000 and $467,000 for home values. These two ranges alone account for more than 2/3 of the homes in Denver.
Condominiums are another large part of Denver living that have a huge part in the real estate market. The condos are often preferred over homes as they have several advantages over home owners. Luxurious condos exist near downtown Denver which give residents a luxurious place to live while still being close to downtown.
Most of the houses in Denver fall between $155,000 and $467,000 which allows for consumers with almost any budget to find a house. Another important fact is that the median size of homes is 1,254 square feet. This averages out to about $180-$200 per square foot for a home. The Denver Real Estate market is currently a buyer's market and thus why it has become so popular and has been able to be healthier than other real estate markets.
Throughout Denver you will find many activities that residents enjoy doing such as the Denver Center for the Performing Arts. This arts center happens to be the second largest arts center in the nation. The Red Rocks Amphitheatre is carved out of red boulders and is another attraction that many Denver residents enjoy.
Renters and home owners are split amongst the population almost 50/50. About half of the homes in Denver are single family detached homes. Apartment complexes and high rise buildings account for an additional 40% of the Denver market. This shows that the Denver real estate market is geared towards single family homes.
There is a wide range of home sizes in Denver from as little as no bedrooms to houses that have more than 5 bedrooms. 2 bedroom homes are the majority of the homes in the area with 32% of the market however 1 bedroom homes do have 25% of the market and 3 bedroom homes have 23% of the market.
The historic past of the Denver real estate market is clearly shown. Currently only 5% of homes are actually newer homes that were built after'95. 42%, almost half of the Denver homes were built between'40 and'69. 25% of the Denver real estate market is considered historic homes as they were built before'39.
Over half of the Denver real estate market falls between a home value range of $155,000 and $311,000. In addition you will find that'% of homes fall between $311,000 and $467,000 for home values. These two ranges alone account for more than 2/3 of the homes in Denver.
Condominiums are another large part of Denver living that have a huge part in the real estate market. The condos are often preferred over homes as they have several advantages over home owners. Luxurious condos exist near downtown Denver which give residents a luxurious place to live while still being close to downtown.
Most of the houses in Denver fall between $155,000 and $467,000 which allows for consumers with almost any budget to find a house. Another important fact is that the median size of homes is 1,254 square feet. This averages out to about $180-$200 per square foot for a home. The Denver Real Estate market is currently a buyer's market and thus why it has become so popular and has been able to be healthier than other real estate markets.
About the Author:
Rodolfo Canon is a Denver realtor with the Canon Colorado Team who have been frequently quoted by the Denver Media as Denver real estate experts. Rodolfo will help you get the Denver real estate that you're looking for. Make contact today by visiting them at Denver Real Estate or Denver Homes for Sale!
No comments:
Post a Comment