The sky’s the limit when it comes to real estate in Denver, CO–and that’s pretty fitting, considering it’s the Mile High City.
Denver, and the metro area surrounding Colorado’s capital city, offers an incredibly wide range of housing options. Houses, apartments, condos, townhouses, lofts, and even mansions are available for families of all shapes, sizes, and financial means. There are a number of different neighborhoods to choose from, each with their own unique attractions and resident personality, so you’re not only choosing four walls and a roof, but also the community in which you plan on living.
Whether you’re looking for a $7 million dollar estate or a $700-a-month studio apartment, you’re bound to find what you need in Denver’s local real estate.
Living in Denver, CO
Located very near the center point of the entire United States, Denver, Colorado, is very much the crossroads of America. Resting neatly between the Great Plains to the east and the Rocky Mountains to the west, Denver is a gateway city, providing the best of both worlds in culture, arts, cuisine, shopping, entertainment, and other recreational activities.
A common misconception is that Denver is actually situated within the Rocky Mountains and that the weather is severe a majority of the year. This really couldn’t be much farther from the truth. In fact, Denver is NEXT to the majestic mountain range and enjoys an average of 245 days of sunshine annually. Winters can be a bit chilly, sure, but most days during those months are sunny and carry temperatures of between 40 and 50 degrees Fahrenheit, with very limited snowfall. In other words, Denver is just about as beautiful as any city could possibly hope to be.
When it comes to arts and entertainment, rest and relaxation, dining and shopping, and other cultural diversions, Denver simply has no equal in the region. There are excellent museums, galleries, shopping centers, recreation centers, restaurants and cafes, and countless options for outdoor adventure available to any visitors or residents of Denver.
If you’re thinking about making the big move to Denver, you might want to first become familiar with the different neighborhoods of the Mile High City. Here’s a brief look at a few of the more popular ones:
- Cherry Creek — This is life in the lap of luxury. Cherry Creek is the home of Denver’s most well-to-do residents, offering up a variety of exclusive communities, clubs, shopping, and dining options.
- LoDo — Short for Lower Downtown, LoDo is the site of Denver’s first settlement. This historic neighborhood has grown into a hip area known for great loft apartments and such Denver attractions as Coors Field, the Pepsi Center, Union Station, and Elitch Gardens Amusement Park.
- Capitol Hill — This is the most densely populated neighborhood in Denver. The area features the Colorado state capitol building and plenty of condos, apartments, mansions, and other multi-family housing units. It’s an historic community with a modern urban vibe.
- Washington Park — Located around the park of the same name, Washington Park is one of Denver’s oldest neighborhoods and features plenty of early 20th-century architecture.
Real Estate Trends in Denver, CO
Denver, Colorado is a great city–there’s absolutely no denying it. But what does Denver real estate look like today? Does it make sense to buy a new house here? Is today’s property market working for you or against you?
Well, the truth of the matter is that it depends on where you want to live and how much money you have to spend. Denver luxury houses are down in terms of average price and price per square foot, but they still cost a pretty penny and utilities in certain neighborhoods (like Cherry Creek and LoDo) can be expensive. And unlike Las Vegas or Reno real estate, appreciation is going up as inventory is at a 12 year low and 1 in 4 homes are under contract (as of January 2012).
If you want to save money, consider moving to one of the more suburban areas, where housing prices have gone down and so has the cost of living.
Recent market updates and property trends seem to be pointing to a rise in value and price for homes in almost every Denver neighborhood, so today is a really great day to make your dream of a Denver Colorado relocation into a reality.
For more information regarding Denver–including Denver moving companies, Denver Colorado attractions, Denver luxury homes, or local commercial real estate, don’t hesitate to contact Brian MacMillan today.