Less inventory means home sellers have more power. According to local brokers, the sales could have been even more if they weren't short of supply. The previous record was in September 2020 of $335,000. Market Data, Reports & Forecasts https://www.zillow.com/denver-co/home-values, https://www.littlebighomes.com/real-estate-denver.html, https://www.recolorado.com/market-statistics/market-watch.aspx, https://www.realtor.com/realestateandhomes-search/Denver_CO/overview, https://www.neighborhoodscout.com/co/denver/real-estate, https://www.realtytrac.com/statsandtrends/co/denver-county/denver, https://realestate.usnews.com/places/colorado/denver, https://denverrelocationguide.com/largest-employers-in-denver, https://www.mashvisor.com/blog/why-where-invest-denver-real-estate, https://www.denverpost.com/2014/12/16/denver-experiencing-its-best-convention-year-ever, http://www.landlordstation.com/blog/top-landlord-friendly-states, https://www.avail.co/education/laws/colorado-landlord-tenant-law, https://crej.com/news/airbnb-31-billion-gorilla-room, https://businessden.com/2018/08/27/50-of-airbnb-landlords-ignore-denver-rules-taxes-in-booming-100m-industry, https://www.5280.com/2017/04/everything-know-denvers-real-estate-market-wrong, https://www.forbes.com/sites/ingowinzer/2016/07/31/should-you-invest-in-denver-area-real-estate/#16f926277fc5, https://www.denverpost.com/2018/03/06/river-mile-denver-elitch-gardens-redevelopment/, https://www.collegesimply.com/colleges-near/colorado/denver, The Aurora real estate market 2020 is seeing rising prices & rents, Boulder real estate market is another good place to buy investment properties, San Francisco Bay Area Real Estate Market & Investment 2021, California Real Estate Market: Prices | Trends | Forecast 2021, Las Vegas Real Estate Market: Prices | Trends | Forecast 2021, The average price of a home in the Denver metro area in September was, Single-family residences were sold for an average price of, The average price of multi-family/ condos/townhomes was, 6,563 new listings of homes for sale hit the market, which is. GOP staffer asked to leave Colorado Capitol over COVID-19 diagnosis says she was cleared by doctor, Lauren Boebert leads Colorado Republicans in pushing Trump's baseless election claims, Brauchler: Prioritizing prisoners over the elderly for a COVID vaccine is wrong in every way. https://www.5280.com/2017/04/everything-know-denvers-real-estate-market-wrong The median price of a condo or townhome sold was $339,425, an increase of 1.32% from September and 9.85% from October 2019. Capitol Hill is the most affordable neighborhood, with a median listing price of $310K. The affordability crisis still exists in the Denver Metropolitan Area. Home prices are projected to grow at an annual rate of 0.5% from March 2020 to March 2021, a significant slowdown. A lack of inventory and continued demand will keep sellers firmly in control of metro Denver’s housing market next year, but higher mortgage rates will make homes less affordable and keep a lid on future price gains, according to a forecast from Realtor.com. In April 2020, the average sales price for the attached properties was $370,011, a 0.22 percent increase over April 2019. https://www.denverpost.com/2018/03/06/river-mile-denver-elitch-gardens-redevelopment/, Colleges Jobs are a major reason why people move to Denver in the first place. Boulder’s economy is stabilized by the presence of government research institutes and the proximity to Denver’s buzzing economy. It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals such as duplex and triplex in Class A neighborhoods. Due to the low month’s supply of inventory, the Denver housing market is persistently skewed to sellers – which means that the demand from buyers is always exceeding the current supply of homes for sale. Some of the popular neighborhoods for buying a house or an investment property in Denver are Jefferson Park, Berkeley, Park Hill, Cheesman Park, Congress Park, Hilltop, Sunnyside, Capitol Hill, Highland, Platte Park, Stapleton, Reunion, Cherry Creek, Aspen, and Washington Park. The typical value of homes in the Denver-Aurora-Lakewood Metro is $462,724. The previous record was $460,000 recorded in July, August, & September 2020. In Denver’s case, the massive national forests and Rocky Mountain Park to the west of Denver and its suburbs prevent the expansion of the Denver housing market in that direction. The trend for average days on market is another good place to buy a rental property in Denver, is! ) are seasonally adjusted and only include the middle price tier of homes Denver! 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