Denver’s market is hot, hot, hot! Not only are homes selling at a record pace, but we’ve also witnessed the highest prices ever this summer. It’s a great time to be a seller, but as a buyer, it can be a bit frustrating!
This market is one where buyers must be ready to make a decision very quickly. It’s a time where multiple offers are often placed on a home, creating an environment that pushes prices up.
Denver has also seen record rental rates. So, if you find yourself with a little extra cash, now is the time to buy up investment properties. Population growth in Colorado is above average. When you combine that with low unemployment and high job growth rates, it creates a condition in which investing in single family rental properties is a win win.
As we finish up 2015 and move into 2016, Denver’s economic forecast is strong. This kind of job growth really influences housing patterns. So, we expect to see a booming real estate market for many months to come. To see the homes that we currently have available at Pradera, click here!