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Market Conditions in 80206 : Real Estate Advice

  • All29
  • Local Info1
  • Home Buying13
  • Home Selling4
  • Market Conditions2

Activity 54
Fri Apr 28, 2017
Kathryn L Carlson answered:
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 ... more
0 votes 9 answers Share Flag
Thu Mar 12, 2009
Suzanne Walker answered:
I wish we knew the answer to your question. No one does, it requires a crystal ball. If any purchase of real estate is approached as a long term investment then historically you should be fine. Just don't plan on selling in a down market and have an alternative 'exit' strategy if when you go to relocate if it is not a good time to sell. For example, if when you go to relocate are you willing to rent it out until the market improves? Will the rent cover the mortgage payment? etc... There will be no guarantee of performance and I believe most would agree that real estate is the safest financial risk you can make but it is still a risk and should not be approached haphazardly.

I certainly hope it doesn't get worse 5 years from now than what it is currently. Real Estate, like any business, is cyclical. It goes up and it goes down and how long the highs and lows last is just a good guess but I think most believe it will be on an up swing 5 years from now. Again, no guarantees except that whatever goes up must come down, and whatever goes down must come up.

It is a buyers market with low mortgage rates. Much better to buy in this market than a sellers market and high mortgage rates. Find an excellent, experienced buyers agent. Maybe interview 2-3. Find someone who knows the stats, current events/plan and historical data for the area you are interested in. Location, location, location is going to play a big part of your ability to resale. Find an agent to help with that.

Lastly, there is one assurance in regards to the bottom falling out. First the people of America need housing and since we aren't making any more land/dirt you know there will always be value in it. Second, it's not like owning stock in a company and having a piece of paper that can go up in smoke with an indicted CEO.

There are great first time home buyer programs in CO. Make sure you check into them when get close to buying.

Good luck!
Susan Walker
... more
0 votes 16 answers Share Flag
Mon Jun 11, 2012
JoEllen Ufner ABR,GRI,SFR,SRES answered:
See article in the Rocky Mountain News titled "Denver tops home-price index" talks about Cherry Creek North.....I quote ...""..We've seen appreciation in Highland and 13.5percent and Cherry Creek North at 22 percent," Vallejo said. "What we want is apprecaition at 7perecnt to 10 percent."" ... more
0 votes 4 answers Share Flag
Sat Dec 29, 2007
Judith Clausen answered:
The new Children's Hospital is in Aurora, which isn't near the Montclair neighborhood so it has had no effect.
0 votes 3 answers Share Flag
Wed Oct 17, 2007
Jody Wagner answered:
Based on data from June 1, 2007 to October 17, 2007 as reported in the Denver MLS, using Mayfair and Hale and 2 beds/1 bath as search criteria, this is what I show:

Average Days on Market: 56
Average List Price: $250,874
Average Sale Price: $250,016
Average Price Change: 0.06%
Average Square Feet: 965
Price per Square Foot: $261

If you would like, I can e-mail you a pdf file showing the exact property sales on which this data is based. Just send me an e-mail to jwagner@interolakepoint.com.

Jody Wagner
Direct: (303) 679-4103 Mobile: (303) 668-9796
Fax: (303) 670-8166
29029 Upper Bear Creek Road, Evergreen, CO, 80439
jwagner@interolakepoint.com
http://agent.interorealestate.com/jodywagner/
... more
0 votes 1 answer Share Flag
Sat May 31, 2008
Brian Burke answered:
Right now I like the Berkley, Highland and University Hills area.
0 votes 18 answers Share Flag
Fri Apr 11, 2008
Kurt Thomas answered:
Wonderfull Colorado!
The answer to this question really depends on what area you are looking in. Denver Metro is a strong buyers market, supply seems to exceed demand at this time.
The western slope, particularly Mesa County is one of the top communities for home appreciation over the past 24 months and it seems to be going strong into the future.
Delta County is one of the last "affordable housing oasis" in Western Colorado.
Garfield county is alwayse great, Glenwood Springs is on the higher end of the spectrum of property value, Rifle and the surrounding smaller towns further west on I-70 are booming. The surge of natrual gas development has created a very strong sellers market as the supply VS demand situation drives the prices of homes up substantially.
Please do contact me if you would like any more info- let me know where you are interested in and if it is for investment purposes of primary residence.
My family owned/ operated brokerage does transactions from Denver Metro all of the way west to the Utah Border!
Thanks
Kurt Thomas
Real Estate Broker
... more
0 votes 7 answers Share Flag
Fri Apr 11, 2008
Fontella Pappas answered:
Hey Scott, Great question!!

Northeast Park Hill average Days is 84
North Park Hill average days is 68
South Park Hill average days is 72

Let me know if you need anything else.
0 votes 2 answers Share Flag
Sat Sep 29, 2007
Judith Clausen answered:
Over the last 30 days average DOM was 75. Do you want to narrow that by price or type of property?
0 votes 2 answers Share Flag
Fri Apr 11, 2008
Carol Hoffman answered:
The Denver market is definitely a buyers market right now and it is a great time to buy. I would suggest looking for acreage in Parker, Elizabeth and Franktown. There are some wonderful horse properties there with lovely homes too. ... more
0 votes 8 answers Share Flag
Tue Aug 28, 2007
Patti Pereyra answered:
Hi Ray,

We'd need more specifics to be able to help you:

Specific area/zip code
Number of bedrooms
Number of baths
Amenities/features
0 votes 3 answers Share Flag
Sat May 19, 2007
Pete Flint answered:
You can get this information from Trulia's search results, by clicking on the recently sold homes tab below the map and change the filters on the left.
I have included the link below and you can also sign-up for email alerts to be notified of any new sales that occur in your area. Just click on the "get email property alerts" on the right above the map. ... more
0 votes 1 answer Share Flag
Fri Apr 11, 2008
Kristal Kraft answered:
Depending on the amenities you require, a two bedroom condo can be found in the high $100's and up. Amenities add to the value, just like cost. Some amenities would be car storage, as in a garage, reserved space, off street space; gym, pool, a/c, exercise room, laundry in unit or on site, 24 hour guard, etc. As you can see we have many options, finding what you want depends on your needs and budget. ... more
0 votes 2 answers Share Flag
Sat Jul 2, 2011
Kristal Kraft answered:
Roberta, I would like to suggest my own blog. I specialize in Relocation to the Denver Metro area. Hope we can work together someday soon!
0 votes 10 answers Share Flag
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