[Previous entry: "Denver Median Home Price Sets Record"] [Main Index] [Next entry: "RE/MAX plans to post all U.S. listings online"]

08/29/2005: "Denver Real Estate Market News"

Home values continue to increase in the Denver metro area this August (2005). The median price of single-family homes rose from $252,250 in July to $255,000 in August. Condos declined to $162,499, less than 1%, annual appreciation is still around 4%. Detached home appreciation raia near 6%.

"Home prices in other parts of the country are rapidly making homebuying unaffordable for the general public. The national median price for both condos and single-family homes was $218,000 in July, up 14.1% from last year. With fears of deflation in parts of the country where appreciation rates are as high as 31.2% in Nevada and 19.4% in Arizona, Denver is poised to offer a stable alternative to buyers. Job growth is expected to improve in the coming months. Growth in the professional and business sector is increasing at an annualized rate of 11.2%, higher than in any other category. Although immigration is lower than it was in the '90's when Colorado's economy was more vibrant, the current number of people moving into Colorado is on the upswing, and the economy is definitely improving."
- source: Judith Clausen/Realty Times

Denver metro looks like a pretty good buying opportunity compared to other major US metro areas.