Denver Real Estate Blog

The summer of 2008 was interesting for Denver area real estate. Denver Luxury homes are not still selling well. But, many ‘boutique’ neighborhoods continue to see fast sales. University Hills remains a strong choice for Denver real estate investments, both fix and flip and scrape offs. Remodeled houses selling for $250K seem to be moving well. However, spec homes priced over $700K have lagged.

Cherry Creek is still developing. New homes and townhomes are still being built. The Denver Country Club area is strong too. Washington Park real estate is still highly prized. But beware of some of the ‘way overpriced’ duplexes.

Highlands Ranch has over 28,000 homes, including townhomes and condos. At any given time, there are 200+ homes for sale there. Pricing has been flat, but there is no glut of foreclosures. Homes are holding their value. Plus, with all the covenants, there are no trashy houses to spoil a neighborhood. It’s a safe, conservative place to buy a home, especially for young families. Homes can be bought starting at $200K all the way up to gated community and golf course homes priced at one million, plus.

The Highlands area (I-25, east of downtown) is having a renaissance. Lots of remodels, a few scrapes, and lot’s of speculation. The location, next to downtown Denver, is great. However, there are some rough areas to be aware of. Buy with caution here and you can be rewarded handsomely at the next market upturn. (It’s currently a strong rental market)

Continued new home construction is ongoing all over Castle Rock and Parker. Also, a lot of home foreclosures are happening too. That concerns me that price appreciation will be depressed until those problems work themselves out. That doesn’t mean it’s a bad area, just that price appreciation should not be your primary concern when buying Douglas County real estate.

When you are looking for a Denver real estate agent be sure to give me a call. We’ll talk about your goals and what might be your best move in the current market.