Attached Homes Gaining Popularity In Denver

Dated: 08/24/2017

Views: 492

Image title

For many, the idea of buying a new home in metro Denver is slipping further and further away, which has many buyers turning to the idea of townhomes. For both buyers and builders alike, these types of residences can help keep costs more attainable.

The housing demand in Denver doesn’t show any signs of slowing and home prices continue to rise, which makes attached housing a more economical choice. Unlike detached homes, which stand alone, attached homes share walls. The category of “attached homes” includes condominiums, townhomes, duplexes and paired homes. Because more units can be put on the same amount of land, attached homes usually are more cost-effective to build.

Currently, nearly 30 percent (three in 10) of the new homes hitting the market are attached. That’s up from just 15.8 percent in 2012. Attached homes now hold the highest share of new-home activity since 2008, and townhomes are what’s primarily driving the surge.

According to analysts at Metrostudy, over the past year, about six in 10 of every new home that was started in metro Denver carried a price tag between $400,000 and $600,000. A record low 28 percent were priced under $400,000, the new definition of “attainable”.

Still, while townhomes are more affordable to build than single-family homes, they aren’t necessarily in the reach of families making the median income in Denver.  For example, in northwest Denver’s Highland and Sloan’s Lake neighborhoods, where a quarter of new townhomes landed in the past year, the average price was $505,729 for 1,578 feet, according to Metrostudy.

Whether you’re looking for a detached property or attached residence, there are still deals to be found – you just have to know where to look. Contact Metrowest today and let one of our experienced pros help you start the process!

Blog author image

Ken Blevins

Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....

Latest Blog Posts

Exploring Villa Park

It may seem like all of Denver’s best neighborhoods are priced to the max, but if you know where to look there are definitely some gems to found. While inventory is increasing slightly, buyers

Read More

Fall Brings Cool Down To Denver Market

According to last week’s trends report from the Denver Metro Association of Realtors (DMAR), last month the number of homes on the market jumped, the number of home sales dropped, and price

Read More

Denver Ranks 6th In The Nation For Home Sale ROI

According to a recent survey by, the return on investment for Denver homes is one of the highest in the country.The analysis found that the median return for homes was 8 percent

Read More

Plan To Double Affordable Housing Fund Gets Approval In Denver

According to the Denver Business Journal, a proposal to double Denver's Affordable Housing Fund from an annual sum of $15 million to $30 million recently advanced out of the city's Safety, ,

Read More