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
Neighborhood Spotlight Northglenn
Thanks to its location, millennial buyers and increasing affordability, the suburb of Northglenn is gaining national attention. According to the Denver Business Journal, last week realtor.com named 80233 – the zip code covering the original Northglenn neighborhoods — one of the 20 most popular housing markets in the U.S. this year.
Coming in third behind suburbs in the Fort Worth, Texas and Pleasant Hill, California areas, Northglenn has homes selling in as little as just 11 days, according to the report. Sales have slowed a bit from last year; however, according to the analysis on realtor.com, that’s still 20 days faster than Adams County, 29 days faster than Denver metro area and 67 days faster than the U.S. average.
Experts attribute much of the growth in Northglenn to large millennial populations, a strong job market and the opportunity to purchase into otherwise expensive housing markets. Affordability seems to be key in the increased interest in Northglenn, as buyers can find a larger inventory of homes under $300,000. Parts of Thornton are also included in 80233, where buyers can find median list price is of $278,000, compared with $477,000 for the overall metro Denver area. According to the report, millennials are the dominant homebuyer in the area, making up 36 percent of mortgages.
Coming in just behind Northglenn is the Colorado Springs zip code of 80916, which ranked No. 4, with a median price of $178,000 and listings remaining active for about 17 days.
Ready to start checking out homes in these exciting areas? Contact Metrowest today – we’d love to show you around!
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