Denver Real Estate and Where It Stands
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The general market downslide has been avoided by the Denver Real Estate market. Denver real estate has been doing well when compared to the rest of the market for several reasons. One of the reasons is because the average home value has been able to stay about $292,000. Due to this the Denver real estate market is desirable by many investors and home buyers. Even though the city is at 5,280 feet above sea level it houses more than 550,000 people and contains some of the best outdoor activities and mountain views.
There are many activities that residents enjoy participating in such as the Denver Center for the Performing Arts. Surprisingly the arts center is the second largest in the United States. Another well known attraction is the Red Rocks Amphitheatre which has been carved from red boulders.
Home owners and renters are split almost 50/50. In Denver you will find that single family detached homes account for about half of all of the homes. High rise apartments and complexes account for another 40% of the market. This shows that the Denver real estate market is geared towards single family homes.
There is a wide range of home sizes in Denver from as little as no bedrooms to houses that have more than 5 bedrooms. However the majority of homes are 2 bedroom homes, at about 32%, with 1 bedroom homes, at about 25%, and 3 bedroom homes, at about 23%, close behind.
The historic past of the Denver real estate market is clearly shown. Currently only 5% of homes are actually newer homes that were built after'95. 42%, almost half of the Denver homes were built between'40 and'69. 25% of the Denver real estate market is considered historic homes as they were built before'39.
Over half of the Denver real estate market falls between a home value range of $155,000 and $311,000. In addition you will find that'% of homes fall between $311,000 and $467,000 for home values. These two ranges alone account for more than 2/3 of the homes in Denver.
Condominiums are another large part of Denver living that have a huge part in the real estate market. The condos are often preferred over homes as they have several advantages over home owners. Luxurious condos exist near downtown Denver which give residents a luxurious place to live while still being close to downtown.
If you're in the market for a home in the Denver area you will find that most of the houses you look at fall between an affordable price range of $155,000 and $467,000. Another important fact is that the median size of homes is 1,254 square feet. This averages out to about $180-$200 per square foot for a home. Because the Denver Real Estate market is a buyer's market and is popular, it is able to be more stable than other markets in the country.
There are many activities that residents enjoy participating in such as the Denver Center for the Performing Arts. Surprisingly the arts center is the second largest in the United States. Another well known attraction is the Red Rocks Amphitheatre which has been carved from red boulders.
Home owners and renters are split almost 50/50. In Denver you will find that single family detached homes account for about half of all of the homes. High rise apartments and complexes account for another 40% of the market. This shows that the Denver real estate market is geared towards single family homes.
There is a wide range of home sizes in Denver from as little as no bedrooms to houses that have more than 5 bedrooms. However the majority of homes are 2 bedroom homes, at about 32%, with 1 bedroom homes, at about 25%, and 3 bedroom homes, at about 23%, close behind.
The historic past of the Denver real estate market is clearly shown. Currently only 5% of homes are actually newer homes that were built after'95. 42%, almost half of the Denver homes were built between'40 and'69. 25% of the Denver real estate market is considered historic homes as they were built before'39.
Over half of the Denver real estate market falls between a home value range of $155,000 and $311,000. In addition you will find that'% of homes fall between $311,000 and $467,000 for home values. These two ranges alone account for more than 2/3 of the homes in Denver.
Condominiums are another large part of Denver living that have a huge part in the real estate market. The condos are often preferred over homes as they have several advantages over home owners. Luxurious condos exist near downtown Denver which give residents a luxurious place to live while still being close to downtown.
If you're in the market for a home in the Denver area you will find that most of the houses you look at fall between an affordable price range of $155,000 and $467,000. Another important fact is that the median size of homes is 1,254 square feet. This averages out to about $180-$200 per square foot for a home. Because the Denver Real Estate market is a buyer's market and is popular, it is able to be more stable than other markets in the country.
About the Author:
Rodolfo Canon is a Denver realtor with the Canon Colorado Team who are frequently quoted by the Denver Media as Denver real estate experts. Rodolfo will help you get the Denver real estate that you're looking for. Make contact today by visiting Denver Real Estate or Denver Homes for Sale!
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