Home Buying in 80403>Question Details

Timmie Holmes, Home Buyer in Denver, CO

How marketable are homes in Coal Creek, CO (Boulder Co & Jeff Co)? Are they a good investment?

Asked by Timmie Holmes, Denver, CO Thu May 8, 2008

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5
There is a good amount of inventory in these areas. Real Estate is usually a good investment and there is a lot of activity there now. Whether you want a home ready to go or a fixer upper you can find what is right for you. Just remember you have a smaller amount of people willing to live in the foothills. So when people are looking they are serious. Give me a call if I can help.
0 votes Thank Flag Link Mon Jul 22, 2013
The answer to this question is that it depends. If you're looking to live in the mountains yourself, there are great values in the canyon and you can get a good amount of house and property for your money compared to other areas within a short distance of Denver. However, if you're looking for something that is going to appreciate quickly in value and want to turn it within 2 to 4 years, you may not see a great return on your money short of spending money to renovate the property. The reality of it is that your pool of buyers is going to be much smaller than if you were selling a home in the metro area, out of the mountains. The other issue up there, is depending on the property itself, the mix of styles and condition of homes is very eclectic and it sometimes makes it difficult to sell a nice home when it's surrounded by homes that aren't well cared for. So, if you'd like to live in the mountains close to the Denver/Boulder area, this could be a great opportunity to buy a nice home at a very reasonable price. That would make for a good investment on your part. If your looking for a short term return on your investment, don't buy in that area.
I have statistics that go back many years and would be glad to show them to you so you can see what home values have done in that area. Please feel free to contact me and I'll gladly share them with you.
0 votes Thank Flag Link Tue Sep 21, 2010
Hi!
Did you ever buy in Coal Creek? Are you snowed in now?
I found this graph at http://www.city-data.com/zips/80403.html which shows home sales in 80403 for the last several years. Rather interesting.
What made you consider the Coal Creek area?
Thanks!
Laurie Clark
Coldwell Banker Residential Brokerage
laurie.clark@coloradohomes.com
0 votes Thank Flag Link Thu Oct 29, 2009
My experience is that canyon homes are hard to sell, but this is a double-edged sword. It cuts in your favor when buying a house -- you can get a good deal -- but you give that back when you sell. If you would want to sell quickly, however, this may not be the place for you to invest. Any agent can give you specifics in this regard via the MLS - average days on market, average price per square feet, average differential between original listing price and final sales price, etc. I'd be glad to help you in that regard.
0 votes Thank Flag Link Thu Oct 15, 2009
There are many variables such as marketing methods used, and advertising budget is a factor. Any home is a good investment if you buy for the right price, in direct comparison to recently sold comparables. Care should be taken when choosing comparables. Having sold several properties in both those counties I would suggest taking on the help of an agent. They can effectively guide you to the neighborhoods that appreciate well and have held thier values.

I'd love to earn your business, and it would cost nothing as buyers' agents are customarily paid by the listing brokerage firm. Give me a call!
0 votes Thank Flag Link Thu May 8, 2008
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