Instantaneous streams of offers and acute pressure on our infrastructure are all real concerns to the market overall, but perhaps the most important fact: a paralyzing lack of housing inventory.
Three trends spotted in the hundreds of calls we get from buyers and sellers every day.
Commerce is impacting the neighborhood in more ways than one. Housing prices, for example, have spiked in Aurora’s northwest corridor.
With the state and local investments in public transit, as well as bike and pedestrian-friendly streets, there are more neighborhoods accessible in the Denver area than ever before.
The average sold price of a home in Denver County in May of this year was $449,579 – up 9 percent from May 2016.
Tiny houses have been showing up from mountain towns to Front Range cities, even out on the Eastern Plains.
It is important to highlight the factors causing the current housing crisis. There are five influences weighing on developers’ ability to meet the demands of the affordable housing market. Individually, each factor is not a deal-breaker, but combined they will greatly reduce or eliminate affordable housing options both in the Front Range and throughout most ski towns.
Be informed and seek advice from someone with experience to guide you based on your long-term plans and goals. There is no guarantee in any market and markets can change quickly, but knowledge will increase your long-term success.
In theory, the new units will accommodate an additional 102 seasonal workers. They will cost about $100,000 each, or about the same as the first units.
Hopefully no one has forgotten the last real estate groove and how badly it ended. With the market on fire in many locations throughout the country, there is increasing pressure to get transactions closed.
It has been an unpredictable and erratic season as both the weather and geopolitical forces created some interesting dynamics that shaped destination visitors mountain travel behavior.
In order for Denver to lay claim to being the real estate disruption capital of the world, standard disruption elements must fall into place.