Throughout 2019, several cities have shown promising real estate investment potential. Of these, Denver continues to rank as one of the absolute best. This comes as a surprise considering in 2018 its housing market was very low and the prices were exceptionally high.
According to the Denver Metro Association of Realtors or “DMAR”, the market is growing soft and will continue to do so as time goes on.
Lowest Home Prices in Years
It is common knowledge that the City of Denver has higher home prices and is a highly competitive market; however, recent data shows that the real estate market in this area is cooling – as far as pricing is concerned.
In fact, during 2019 the prices of the homes listed for sale have dropped. They’re at their lowest in seven years. The decrease started in February.
Additionally, homes are staying on the market longer. This means that the inventory is increasing.
If you are an investor, you will now find that there are more investment properties to choose from – all for a lower price.
A Buyer’s Market
Denver now ranks in 5th place – in terms of the cities that have experienced the biggest slowing shifts in 2019 throughout the country.
While still considered to be one of the most competitive markets in real estate, the process of investing is now much easier. This is especially true in the suburb region of the city.
Denver is now considered to be a “buyer’s market”; however, it is quickly gaining a balance to be equally a buyer’s market and a seller’s market.
The Benefits of Investing in Denver
You may already know a few of the advantages associated with real estate investing in Denver. Hailed as one of the best cities to invest in now, this area offers investors the unique opportunity to make a large return on their initial investment.
Now is the time to buy.
Property management in Denver offers you the opportunity to see many returns. The following outlines just a few of the main investments associated with this amazing real estate market:
- Market Growth in Rentals – The first advantage to purchasing real estate in Denver is that there is exponential growth in the rental market. Due to the fact that property prices are still considered to be a bit on the “high” side, younger adults are flocking to the area in hopes of experiencing the many opportunities there. They are willing to pay rent in order to have access to the educational and career opportunities. Plus, the cost of living in the area is much lower than other areas within the country.
- Appreciation Rates – The value of the homes in and around Denver rarely experience any decreases. As a result, appreciation rates are high. In fact, the current rate averages out to be about 7.35% each and every single year. If you invest now, the value of your purchase will continue to grow. This means you will experience more profits.
- Landlord Value – The next reason that you should invest in the Denver real estate market is the fact that the laws in Colorado seem to cater to landlords. In other words, they read on the side of the property owner. If you feel the need, you may impose late fees, start evictions with little hassle, provide notices on issues, and even force a move within 48 hours. Colorado is a great state that works closely with property owners to ensure that their investment is properly protected.
Let Us Help
If you are considering investing in the Denver real estate market, we here at Pioneer Property Management can help!
Not only are we backed by years of experience and extensive knowledge on the housing market, but we have also won the Expertise Award for Best Property Managers for the past four years, straight.
We know each of the neighborhoods in and around Denver, can assist with all of your property management needs, and help you with all of the legal aspects of your purchase.
If you want to take part in one of the best real estate markets currently available within the United States, all you have to do is call us today and we can help turn your dream into a profitable reality.