According to a recent report from Zillow, Denver homes won't appreciate as much as the national average over the next year. Zillow estimates that nationally, homes will appreciate 3.1 percent over
Cole Mayfair Two Up And Coming Denver Neighborhoods
Denver’s popular neighborhoods like Washington Park and the Highlands can be expensive for first time buyers looking to put down roots in the metro area; however, the Mile High City still has some great housing options in some lesser-known areas that are just as charming. US New and World Report has compiled a list of up and coming neighborhoods that are definitely worth checking out. Here we’ll check out Cole and Mayfair.
This neighborhood is getting noticed because it shares a border with the River North Art District (RiNo), a booming area with trendy restaurants and shops, and with limited residential opportunities. To the north, outside of Cole, sits the Denver Coliseum and National Western Complex, which recently got approved for a massive overhaul to become a major events center which will likely increase traffic and visitors to the area.
According to the article, the median price for a single-family home in Cole is around $350,000.
Homebuyers will also see that there is a variety of reasonable priced row houses, attached single-family homes, in this area.
Another area anticipating a major revitalization is Mayfair, located within the larger neighborhood of Montclair. Mayfair will benefit from the nearby redevelopment of the former campus of the University of Colorado Health Sciences Center at 9th Avenue and Colorado Boulevard. The area will feature a number of parks, plazas, residential buildings, offices, shops, hotels and restaurants – all within walking distance of the Mayfair area. The project is expected to help significantly raise home values in the area upon completion in 2018.
Ready to start checking out properties in Cole, Mayfair or other up and coming Denver neighborhoods? Give Metrowest a shout – we’d love to show you around.
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