What is the effect of the tower controversy on Golden real estate prices? Is it safe?

Nele
Home Buyer
Denver, CO

Answers (4)
Bob Maiocco
Broker
Conifer, CO

Hi Nele,

I have helped Buyers and Sellers with homes in Golden including some within sight of the towers. There have been many many public discussions regarding the towers and whether or not they pose a health hazard to residents nearby. I have seen pretty well developed arguements in favor of both sides of the issue (no health effect versus negative health impact) In gneral I believe that the most believable information I have seen is from reports that show no correlation between the towers and any negative health effects. Obviously I am not an expert on this topic-- but I have done some research and read some reports from a variety of sources. One well researched blog that I felt seemed objective was http://andrewferguson.net/2006/10/10/hdtv-vs-lookout-mountai… Andrew's research seems extensive and well constructed.

In terms of an impact on real estate prices, I think the impact is negligible. The vast majority of real estate for sale in Golden is outside any purported reach of negative impact of towers. Those few dozen homes that are close enough that anyone would have to consider the impact-- change hands so infrequently that it would be very difficult to determine if any price changes or market demands were impacted by the towers...

I hope this isn't too late to be of help! By the way heres my shameless self-promotion: I have a spectacular luxury home for about to come on the market for sale in Spring Ranch Spring Ranch Real Estate Just a few miles uphill from the top of Lookout Mountain. It's far enough away from the towers that you wouldn't have to worry-- and it will knock your socks off!

Bob Maiocco
Broker Associate
The Maiocco Team, Inc.
Keller Williams
(720)273-4262 direct

Wed Feb 25 2009, 22:54
Tom
Home Buyer
Colorado

Ha, your question was completely ignored and instead realtors put on their standard happy face and tried to sell you their services and tell you buy buy buy. Wow, this is a blatant example of mass spam from realtors who don't even read the questions.

I personally wouldn't give the tower that much impact on prices - the overall market is a far stronger force.

Thu May 15 2008, 19:12
Kathryn Carlson
Broker
80127

Nele: Yes, great time to buy-- in the Denver Region, including Golden. Strong Buyer's Market. Low Interest Rates. Increase of Bank Owned Homes-- which you can find some great deals and value.
For a list of homes in Golden, and Market Condtions-- sign up at FindingTheHome.com. All the best,
Kathryn

Wed Apr 23 2008, 09:54
Karin Fischer
Agent
Aurora, CO
FIRST ANSWER

I actually own property in Golden and my personal experience seems to mirror what is happening overall! The market is pretty stable; maybe even slightly appreciating but yes, it is a great safe to buy and a safe investment.

Wed Apr 23 2008, 08:29

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