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How is the Housing Market in Denver? Is it time to buy?

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March 16 - Denver

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Carrie Blair, "Carrie Blair"
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Carrie Blair, "Carrie Blair"

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This is the time to buy and hold in Denver. In many investor clubs I get together with each month, there is a sense of urgency to buy everything you can right now while prices are low. Many long time investors have said the prices haven't been this good since the Denver market crashed 20+ years ago.

With our estimated population growth over the next 10 years, it's hard to think that real estate won't rebound and appreciate nicely.

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March 21

Mike Henderson, "mrgenius"
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Mike Henderson, "mrgenius"

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It depends on what you are looking for? Most national articles and studies have Denver near the top of all markets. The market for buy and hold investors is "Red Hot"

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March 17

kristalkraft_denver
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kristalkraft_denver

Denver, Co

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The market in Denver is doing just fine. We have the majority of our sales happening in the under $200k range. Over $500k buyers will find many deals because that end of the market is very slow, due to the difficulty in financing.

Unfortunately we have a significant number of "short sales" listed, which buyers and agents find are very difficult to deal with, due to the uncertainty of the transaction actually closing. Purchasing a short sale requires patience and a very flexible buyer who does not need to be in a home by a specific date.

Relocation buyers usually don't meet this requirement, so for them it is important to deal with sellers who are not distressed.

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March 17

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How is the Housing Market in Denver? Is it time to buy?

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Related Questions

Question What exactly is the "sold date"? Is it the day an offer is accepted or the closing date or other?

Question short sale question

Question Should I include a sewer line scope as part of a home inspection? How common is this?

Question How much should I offer in the newer area in GVR (Denver)

Question what happens if the house gets hail damage before the closing?

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