Denver Real Estate

Why Buy Real Estate In Denver?

Denver, Colorado, nicknamed the “Mile High City,” is situated amid the Great Plains and the Rocky Mountains. Denver continues to be a popular place to buy real estate since it boasts strong cultural opportunities, scenic vistas, year-round sunshine, and an array of recreational opportunities. There are just over a half a million people within the city limits of Denver. The median age of a Denver resident is 34 years old, which makes it a young dynamic city.

Opportunities abound for buying Denver real estate in traditional neighborhoods including Capitol Hill, LoDo, Cherry Creek, Bonnie Brae, Washington Park, Stapleton, Uptown and Highlands. Young married professionals, empty nesters and singles are particularly attracted to these areas because of their close proximity to the downtown area´s entertainment venues and its flourishing nightlife scene.

Denver homeowners have seen a 3-5% appreciation during the past five years. The Denver real estate market has the major ups and downs seen in other parts of the countries, which makes it more immune to the dreaded real estate bubble. The median home price in the Denver metro area is just under $250,000.

Denver Economy

Denver has a vibrant economy anchored by many companies in diverse sectors. In 2003, Denver was the country´s second largest employer in the aerospace industry, the eleventh largest employer in the air transportation industry, the largest employer in the beverage production industry, the third largest employer in the broadcast and telecommunications industry, the third largest employer in the energy sector, the seventh largest employer in the financial services industry, and the ninth largest employer in the software industry.

Denver´s vibrant economy makes it an ideal place for purchasing real estate since it offers a stable foundation to build long-term equity.

Why invest in Denver?

Culture

There are over 300 arts and cultural organizations located in Denver. The Denver Center for Performing Arts, Colorado Symphony, Opera Colorado, and The Colorado Ballet all make up the second largest performing arts complex in the country.

Denver has over 200 parks located within city limits. For those who are willing to travel, the Denver metropolitan area is located less than two hours away from ten prestigious ski resorts of the Rocky Mountains including Breckenridge, Vail, Winter Park, and Copper Mountain. These resorts provide world-class skiing in the winter and endless mountain getaways in the summer.

Amenities

The City and County of Denver is home to eight medical centers of its own and close to 40 others spread throughout the metro area. The top-ranked University of Colorado Medical Center, the National Jewish Medical Research Center and the Children´s Hospital are all among the most highly regarded medical institutions in the country.

Denver residents have easier commutes than comparable cities with its Light Rail Transit (LTR) system with 38,000 people using the system on a daily basis. In November of 2006, Light Rail completed its expansion to the southern suburbs of Denver, which will greatly ease the stress of commuting to the Denver Technological Center and to downtown Denver. In addition, a major expansion project, T-REX, was just completed on I-25, the area´s major thoroughfare.

Education

The City and County of Denver is home to the innovative K-12 Denver Public School District. George Washington High School is home to an International Baccalaureate program that is ranked first in the state for excellence.

There are 59 colleges and universities located within a 30-mile radius of Denver including the top-ranked University of Colorado, University of Denver, Colorado School of Mines, and Colorado State University.

Interested in Buying Denver Real Estate?

For more information on buying in Denver, please contact TeamCox. Our team has extensive knowledge of the entire Denver real estate market and we look forward to helping you purchase your new Denver home.