Last week we told you about the up and coming Greenfield neighborhood in Denver, a southeast suburb known for great amenities like community pool, hiking trails and more. But what other Denver neighborhoods should you be on the lookout for? Here’s we’ll give you the rundown of where home values are growing the fastest and strongest.
According to real estate site, Zillow, the following will be the Denver area's fastest appreciating neighborhoods in 2017:
1. City Center North (in Aurora) – 8.8 percent forecasted home value growth; 2. Centretech (in Aurora) – 8.7 percent forecasted home value growth; 3. Elyria-Swansea (in Denver) – 8.6 percent forecasted home value growth; 4. Globeville (in Denver) – 8 percent forecasted home value growth; 5. Westwood (in Denver) – 7.6 percent forecasted home value growth.
Exactly what is fueling the rapid expansion and growth in the Mile High City? And why is Denver listed among the top ten hottest real estate U.S. markets for 2017? Experts at Zillow said it used the following variables to come to their conclusions:
*Zillow’s Home Value Forecast
*Recent income growth
*Current unemployment rate
According to data from Zillow, Denver area homes are expected to appreciate 3.6 percent in 2017, which falls above the national average of 3 percent.
Home sales prices in Denver are already quite strong. According to the Denver Business Journal, year-to-date average sale price for all kinds of homes combined in 2016 in metro Denver was $399,576, an increase of 10 percent over 2015, while the median was $349,900, which is a year-over-year increase 11 percent.
Author:Andy Potarf Phone: 720-244-1070 Dated: February 2nd 2017 Views: 1,039 About Andy: Andy Potarf is a native of Denver and a graduate of Colorado State University.
He works with fir...
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Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
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"My girlfriend and I had the pleasure of working with Andy for our first home purchase. The experience we had was nothing short of amazing. At the time of our house hunt it was a sellers market with multiple offers in on homes and homes closing in under 1 week on the market regularly. Even when Andy was out of town on business he made sure one of his extremely knowledgeable colleagues was able to show us properties for the weekend. After a fairly quick search we decided on a home and with Andy's guidance our first offer was accepted and after the appraisal he was able to negotiate our price down to save us some extra money. I will definitely be recommending Andy to my family and friends, he did so much to take all of the stress out of the process for us. Thanks Andy!!"