what is the denver market like?
what is the best area for investment right now (single family homes and/or condos)
Sun Sep 30 2007, 19:36 - Denver - Market Conditions - 18 answers
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BEST ANSWER
In order to know what is the best area for investment, you first have to identify what your objectives are.
Cash flow, appreciation potential, tenant quality and how much to invest must be priorities. Of course everyone would like to have positive cash flow tremendous potential for appreciation with the best tenants in a very small down payment. But that is impossible to accomplish. Once you have prioritized your objectives, it will be easier to choose the best neighborhoods for investment. with rants generally increasing throughout Denver, this could be a great time to find just the right investment property. April home sales throughout the Denver metropolitan area did increase. I provided a link below to an article about that. Best of luck! Sat May 24 2008, 09:11 Web Reference: http://www.larryhotz.com/blog/april-home-sales-improve/
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Single Family Homes-- are better to invest in -- than condos/ or town homes. Great time to buy. Low interest rates----and a ton of bank owned, HUDs, pre-foreclosures, corporate owned, and fixers.
Kathryn Carlson, Licensed Real Estate Broker Owner , Bachelor of Science, Realtor, Accredited. Luxury Home Specialist, e-Pro Certified Memberships: National Association of Realtors, Colorado Association of Realtors, Denver Board of Realtors, Council of Residential Specialists, Council of Luxury Home Specialists, Colorado Mortgage Holding Company, Licensed HUD Broker, Denver Metrolist Homes and Lifestyles of Colorado _____________________________________________ Finding Your Place Called Home Cell (720) 226-8199 - Direct (303) 816-9199 - Fax (303) 845-9938 Email: Kathryn@DenverHomeLiving.com Special Offers, Daily Home Lists, and Market Conditions: www.DenverHomeLiving.com ____________________________________________________ 9 Divisions to Serve You: Luxury Home Living - City Living - Mountain Living -Condo & Town Home Living - Farm & Country Living - Relocation/First Time Home Buyers - REO Bank Owned & Short Sales - Income & Investment - Land. Spring Specials: * Your Home Sold in 90 Days or $1,000 to You. * 2.6% Total to Sell Your Home (if you are planning on Buying). Over 30 Years of Combined Company Experience of Tech/ and Real Estate Sales. Serving the Entire Denver Metro Region & the Mountains. Thank Your for Your Referrals of Friends & Family - They are the Life of Our Business. Fri Apr 11 2008, 18:04 Web Reference: http://www.DenverHomeLiving.com
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Following up to this OLD question! I got quoted in the Rocky Mountain News today about how strong the Denver Market really is. The PMI report can out saying that Denver has a 1% chance of prices being lower in 2 years than they are now. That is very GOOD news.
To read the article follow the link on my Denver Dwelling blog...(see below) Fri Apr 11 2008, 17:08 Web Reference: http://www.kristalsellsdenver.com/denver-real-estate-tr...
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Strong Buyer's Market. Great time to buy-- not a good time to sell. Interest rates remain low.
Tons of great deals. For a free list of homes------or for a Market Snapshot w/ Market Conditions: DenverHomeLiving.com Fri Apr 11 2008, 16:38 Web Reference: http://www.DenverHomeLiving.com
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The Denver housing market did better than a lot of cities for 2007; according to the Denver Post article (web site of article referenced below) median prices for single family homes were down 1.96% from 2006; condos were down 4.46%. Additionally, the number of homes that sold iin 2007 was down less than 1% from the number of homes sold in 2006. Nationally, the number of homes sales was estimated to be down 13% in 2007 from the number sold in 2006.
Tue Jan 15 2008, 21:55 Web Reference: http://www.denverpost.com/economy/ci_7917416
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Exceptional for buyers and challenging for sellers.
Sun Jan 13 2008, 07:36
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The Denver market was featured by NAR this past June as the best market in the US for buying. As a realtor, we are seeing a lot of investor traffic especially if you have cash to buy. There are many properties on the market for sale by HUD and bank owned with discounted prices and many short sale properties. The majority of these in general are in the under $300,000 houses and lower end condos. Because builders have backed off there are not many new builds of apartments so the rental market has also heated up giving investors who hold to rent very good returns on investment. As for which is better, each has its pros and cons. SFH's often have low HOA's or none but are more investment per property. Condos are plentiful but you have to be careful to check out the HOA additional cost. My advice is don't wait, this is a market for the quick and savvy.
Fri Dec 14 2007, 21:20 Web Reference: http://www.denverhomesmarketplace.com
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For Real Estate Investors, amazing deals can be found in every area of Denver. I know, because I built a database that instantly analyzes every property currently on the market to find the absolute best deals. I will knock your socks off with my results. Take a peek at my website or just give me a call and I will help you.
Danny Speagle 720-936-5877 cell Fri Dec 14 2007, 09:55 Web Reference: http://www.SpeagleGroup.com
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B,
Stay close to Downtown, Denver is spending a ton of money to make downtown the place. So Highlands, Baker, the old Five points, are all close to downtown, and I expect them to go up in value. To get the best value you will have to do some fix up, and short sales but the time will be worth it, if your holding for a few years. Wed Dec 12 2007, 11:21 Web Reference: http://altadenver.com
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All of the typical places as noted in the newspapers and below. It is really more about what deals to choose from and not so much the area. Area is important but Denver is a Great City and will only get better with time. If you are looking for a sure thing over the long haul, bet on Denver!
Sun Dec 9 2007, 19:55 Web Reference: http://www.SparksRealEstateGroup.com
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Our market has some very strong pockets as well as weak areas. What sort of investment are you looking to make? I ask only because a long term investment is different than a fix-n-flip. If I were going to invest long time, I'd be looking at the light rail corridors. We have 3 lines right now with another 119 miles coming in the next decade.
Downtown has some great values for renovation in the NE side. The area around Fitz is ripe for an investor. So tell me, what are your goals for investing? :) Sun Dec 2 2007, 15:43 Web Reference: http://www.kristalsellsdenver.com/growth.htm
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I would like to show you the University Hills area. Also the Highlands Area is good as well.
I am the good Realtor that the other answer was talking about. Wed Nov 21 2007, 08:54 Web Reference: http://www.kennaandco.com
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I like what I see in the Denver area for SFH, the market has been down for so long I think that ut is going to have a very good move up in the next few years.
Get a broker or agent who can provide you good data on Days on market, knowledge about investing, so you can see where the pockets of strength are emerging Wed Oct 10 2007, 02:36
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I like Colorado Springs and so do investors. The front range from Trinidad to Fort Collins is growing. Don't just investigate Denver, it's great, but research your options. I wouldn't ever doubt investing in or near the Rockies. We're mid country and have a great climate. DIA just surpassed LAX. There is a reason for that.
Best of luck on your endeavors. Susan Walker Tue Oct 9 2007, 21:28 Web Reference: http://www.cospringsrealty.com
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The best opportunities are often found in "changing" areas. I see tremendous opportunities in Edgewater and Highlands for fix and flips. It is also good to invest around the universities if you are looking to rent out properties. I believe it is important, in light of the current market, to be prepared to hold the property as inventory is abundant.
Sat Oct 6 2007, 11:25
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stapleton and lowery remain fairly hot for newer developments as well
Wed Oct 3 2007, 10:12 Web Reference: http://www.stapletondenver.com
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