Denver Real Estate Market
Research shows that the Denver Real Estate Market is one of the most stable of all markets in the U.S. In fact, Denver has received previous publicity. Recently, Zillo stated that the “Mile-High City” was part of the top 10 list for “Housing Markets to Watch”.
Denver has also been mentioned in lists that measure the home price gains. In June of 2016, SmartAsset (a personal finance company based in New York City) stated that the Denver Real Estate Market is one of the leaders in the nation when it comes to stability and growth.
It achieved mention based on two unique factors. One, the overall growth of home price rates since the year of 1991. And two, the odds that a homeowner would experience price declines within the 10-year period following the purchasing of the home.
SmartAsset’s List of Stable Real Estate Markets
Out of the ten most stable housing markets in the entire nation, Colorado ranked in three different spots. The following lists the areas where there is the highest level of marked growth and highest level of stability within the nation:
- Boulder, Colorado
- Austin-Round Rock, Texas
- Casper, Wyoming
- Bismarck, North Dakota
- Midland, Texas
- Fort Collins, Colorado
- Billings, Montana
- Missoula, Montana
- Denver-Aurora-Lakewood, Colorado
- Grand Forks, North Dakota
Home Prices on the Rise
In the last several years, the prices of homes have experienced a steady increase in prices in and around Denver, Colorado. In the past year, alone, these prices have experienced a 10% increase. In the next year, the prices are expected to increase a growth rate of another 5%.
This growth stems from an increasing demand for housing in the area and a limited inventory of available homes.
Condo prices have risen an amazing 10.3% in the past twelve-month period. Based on information pulled from CoreLogic, that condo increase as the absolute highest in the largest cities of the nation. More and more people have a desire to move to Denver. Given the fact that Colorado is second on the list of fastest growing states in terms of population, it comes as no surprise that the housing market is experiencing marked growth and increased stability.
Denver currently has a tremendous amount of job opportunities, numerous outdoor activities, a wonderful educational system, and other amazing opportunities. It comes as no surprise that the city is becoming the ultimate mecca for young adults, middle-aged adults, and older adults that are seeking to settle down.
If you are a property manager or a property investor in the Denver Real Estate Market, it’s a place of heightened interest among millions. Take advantage and start investing right away. Before long, you might find an endless list of potential clients and a vast array of profits at your disposal.
