The condos look great there, but will the values keep up in the future? Will development continue in the area, and will the planned light rail stop help property values there?
Park Hill Village is in a progressive area of denver with new contemporary architecture and retail under development. The condominiums and town-homes are trendsetting and luxurious. The amenities are also nice with an active swimming pool and fitness center. Park Hill also has a phenomenal location just minutes from LoDo (Lower Downtown), City Park, Cherry Creek and Stapleton. Starbucks and KT's BBQ are anchors to the 19,000 sq ft retail development at Park Hill's front door. Not to mention. It's affordable real estate in the heart of Denver. Something not all that easy to find.
In any area, condos are the most market-sensitive if there is a downturn. The good news is many of us in the professional real estate business think that our market here in the Denver area has bottomed out - and we should start seeing modest appreciation. So, now is a great time to buy! Also, the light rail stops have increased values, even in declining areas, so timing is good to "beat the rush" and before the prices start to climb. If you would like to receive current listings in the area, as well as be notified of any new listings as they come up on a daily basis, please let me know. jamie@kimbroughproperties.com
Park Hill (near downtown) is a neighborhood holding value. It would be a better investment to purchase a detached single family home-- rather than a condo. For a list of properties available in Park Hill-- and/or a Community Report-- sign up today at FindingTheHome.com. All the Best, Kathryn
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