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Denver, Colorado is a beautiful and bustling city situated on the high plains of the majestic Colorado Rocky Mountains. Denver has a diverse economy, a highly educated population, and progressive leadership. Denver enjoys sunny, mild weather, with heavy snow in the high country. Ski resorts near Denver offer some of the best skiing in the West!
The market in Denver, Colo. is on a steadily increasing course. If you are considering buying or selling a home you might want to look a little more into Denver real estate.
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| Population 554,636 | Median Age 33.1 yrs | Household Size: 2.27 |
| Avg Commute: 24.5 min | Avg Income $39,500 | Avg Home Value: $165,800 |
| July High: 87.7°F | January Low: 14.9°F | |
Denver Real Estate
There were over 34,000 homes and over 11,000 condominiums for sale in Denver in May 2005. The average asking price for a home in Denver in May 2005 is $377,946 and $203,938 for a condominium.
Denver is a large city with over 560,000 residents; it has many different areas to live in. The different communities and neighborhoods all have different things to offer and have different home values and household incomes. But, on average in 2000, the median household income for a Denver resident was $39,500 and the median home value was $165,800. Of course the options for homes range from condos and apartments to houses and town homes.
Denver is divided into five different real estate regions: Central Denver, Northeast Denver, Northwest Denver, Southwest Denver, and Southeast Denver. Your realtor will let you know what unique features and accommodations each section of Denver has to offer you or your potential buyers.
If you are selling a home you should know what the competition is. The only way to sell your home in Denver is to know what else is available. Your real estate professional should have a good idea of what other listings are available and can market your home accordingly. For example if you have a pool and most of the other homes on the market don’t at the time, it is something you can feature in your advertising to distinguish yourself from the competition. The competition will be a factor in your home evaluation, which will let you know what the asking price for a Denver home is.
If you are buying a home you should make sure you know everything that is available to you. Take the time to not only search online and sit down and talk to your real estate agent, but go to open houses and see the houses in person. Sometimes what may seem like a dream home can end up being in a bad neighborhood and what may seem like a broken down home may be the perfect remodel project for you. Let your real estate professional guide you through the process; he or she should know the Denver real estate market better than you do and can give you his or her expert advice and opinion.
Don’t be afraid to use the Internet as a source for your research on homes. The Internet can be a great place to find a realtor, find information about a city and find real estate listings. They can have everything from virtual tours and vivid descriptions to wonderful photos that give you an insight into what is on the market.
Denver real estate is a buyer’s market at this point and the market is steady. If you are looking to buy a home in Denver, now is the time to find a real estate professional and begin your search.
By Lisa Tilson
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®