Denver Condo Sales Pick Up

Metro Denver Condo sales have picked up significantly over the past few months, up 11% in April 09′ and up 29% in March of 09′.  The Denver Business Journal has the full writeup here.

With less options now available within the detached single family market, condos can be a great purchase for renters looking to own something for themselves, most likely paying less than rent as well.  On top of the benefits of ownership, first-time homebuyers will receive the $8,000 tax credit if purchased prior to the end of Nov 09′.

Rehab/fix and flip investors should also start thinking about the Denver Condo Market, if they haven’t already.  Concentrating in the $150-200k ARV keeps you in the median sales price area where over 50% of current sales are taking place.

For more info on either scenario discussed above, Contact Me.