How good are home rentals in Highlands Ranch. We would like to rent our home (have 40% Equity in it) that we

Asked by Gs, Littleton, CO Fri Mar 6, 2009

purchased in 1998 and move to Greenwood Village. Also are Greenwood village property values stable ?

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Shelley Brya…, Agent, Englewood, CO
Fri Jun 1, 2012
I am searching now for a client for a home rental under $2000 per month and it seems hard to find.
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Brian Burke, Agent, Highlands Ranch, CO
Fri Mar 6, 2009
Highlands Ranch rental market is doing quite well. We recently talked with a prop. manager that has several properties in Highlands Ranch, all of which are rented and nothing coming available for awhile. We do market reports specific for Highlands Ranch and Greenwood Village you can see Jan 09 for Greenwood Village here on our blog… We have a house coming on the market in the area and there as already be a large amount of interest for the home. Lower price ranges are selling better than higher price ranges. We'll be completing a comprehensive Market Report for Greenwood Village in a few days for more detailed view of the current market.
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Bob Schenken…, Agent, Denver, CO
Fri Mar 6, 2009
Gs, the rental market is actually doing fairly well right now. With the amount of equity you have in your home, I would guess you will be able to obtain a positive cash flow. Highlands Ranch, in particular, has historically been a very good area for investment properties. Therefore, I think that should be an easy deal for you.

Regarding Greenwood Village, it has been fairly stable for the past 12 months. Depending upon price range you will find varying levels of great "Deals." If you are looking under $500k, you will notice that there is very low inventory and the best homes sell in a very short period of time. Between $500k-$1 mil. there are some pretty good deals right now, but the inventory is not extremely high. Over $1 mil, and you will be able to get a great deal. This segment of the market is the toughest for sellers at the moment.

I live in Greenwood Village and have sold homes here for over 18 years, and would be happy to provide you with further information.

Good Luck!

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