Denver Housing Market

According to the Denver Metro Association of Realtors, the median home price in Denver was $665,000 in September 2021, which represents an increase of 14.7% compared to the same period in the previous year. The number of homes sold in Denver was also up, with 4,664 homes sold in September 2021, an increase of 8.2% compared to the same period in the previous year.

Factors contributing to the strong demand for housing in Denver include a robust economy, low mortgage interest rates, and an influx of new residents moving to the area. However, the limited inventory of homes for sale has led to increased competition among buyers and has made it challenging for some buyers to find a home that meets their needs and budget.

Overall, the Denver housing market is currently experiencing strong demand and relatively low inventory, which has led to higher home prices and competition among buyers. It is a good idea for buyers to be prepared and to work with a real estate agent to understand the market and to find ways to make themselves more competitive.

Denver Housing Market Trends

According to the Denver Metro Association of Realtors, the median home price in Denver was $665,000 in September 2021, which represents an increase of 14.7% compared to the same period in the previous year. The number of homes sold in Denver was also up, with 4,664 homes sold in September 2021, an increase of 8.2% compared to the same period in the previous year.

In addition to the strong demand and rising prices, other trends in the Denver housing market include:

• Tight inventory: The limited number of homes for sale has made it challenging for some buyers to find a home that meets their needs and budget.
• High demand for affordable housing: The high prices of homes in Denver have led to increased demand for more affordable housing options, such as townhomes, condominiums, and smaller single-family homes.
• Strong demand for single-family homes: The Denver housing market has seen strong demand for single-family homes, particularly in the suburbs.
• Increased competition among buyers: The strong demand for housing in Denver has led to increased competition among buyers, with many buyers having to make multiple offers before successfully purchasing a home.

Overall, the Denver housing market is currently experiencing strong demand and relatively low inventory, which has led to higher home prices and competition among buyers. It is a good idea for buyers to be prepared and to work with a real estate agent to understand the market and to find ways to make themselves more competitive.

Denver Migration & Relocation Trends

Denver is experiencing strong population growth, driven in part by migration from other parts of the country. According to the U.S. Census Bureau, the population of the Denver metropolitan area grew by 1.4% from 2019 to 2020, and the population of the city of Denver itself grew by 1.7% over the same period.

There are several factors that are contributing to the strong migration and relocation trends in Denver, including:

• Strong economy: Denver has a diverse and growing economy, with a range of industries including technology, healthcare, and tourism. This has attracted many people to the area for work and business opportunities.
• Affordable cost of living: Despite the strong demand for housing in Denver, the overall cost of living in the city is still relatively affordable compared to other major cities on the West Coast.
• Quality of life: Denver is known for its strong sense of community, access to outdoor recreation, and vibrant culture, which has attracted many people to the area.
• Proximity to other major cities: Denver is located within easy driving distance of other major cities in the West, such as Salt Lake City, Phoenix, and Los Angeles, which has made it a popular destination for people looking to relocate.

Overall, Denver is experiencing strong migration and relocation trends, driven in part by the city’s strong economy, affordable cost of living, and high quality of life.

Denver ‘s Top 10 neighborhoods

What are the best neighborhoods in Denver? That’s a matter of personal preference and certainly up for debate. Here are 10 popular neighborhoods in Denver that may be worth considering:

1. Cherry Creek: A upscale neighborhood known for its shopping, dining, and outdoor recreation opportunities.
2. RiNo (River North): A trendy, artsy neighborhood with a vibrant nightlife and a growing food and drink scene.
3. Uptown: A diverse neighborhood with a mix of residential and commercial areas, known for its walkability and proximity to downtown.
4. Capitol Hill: A lively neighborhood with a diverse population and a range of housing options, including historic mansions and apartment buildings.
5. LoDo (Lower Downtown): A historic neighborhood with a vibrant nightlife and a range of housing options, including converted warehouses and new high-rise buildings.
6. Five Points: A diverse neighborhood with a rich history and a range of housing options, including historic homes and newer apartment buildings.
7. Highlands: A popular neighborhood known for its restaurants, shopping, and outdoor recreation opportunities.
8. Wash Park: A residential neighborhood with a mix of historic homes and newer construction, known for its proximity to Wash Park.
9. Park Hill: A diverse neighborhood with a mix of residential and commercial areas, known for its tree-lined streets and historic homes.
10. Boulder: A city located about 30 minutes northwest of Denver, known for its natural beauty, outdoor recreation opportunities, and thriving tech industry.

Overall, these are just a few of the many neighborhoods in Denver that are worth considering. It is a good idea to research different neighborhoods and to consider your budget, lifestyle, and needs when deciding which one is right for you.

What Are Denver’s School Districts Like?

It is difficult to definitively rank the top school districts in Denver, as the best district for one person may not be the best for another. However, here are a few school districts in the Denver area that are generally highly regarded:

1. Cherry Creek School District: A large school district located in the southeast Denver metropolitan area, known for its strong academic programs and extracurricular activities.
2. Douglas County School District: A large school district located south of Denver, known for its strong academic programs and wide range of extracurricular activities.
3. Jefferson County School District: A large school district located west of Denver, known for its strong academic programs and wide range of extracurricular activities.
4. Littleton Public Schools: A smaller school district located south of Denver, known for its strong academic programs and extracurricular activities.
5. Aurora Public Schools: A large school district located east of Denver, known for its strong academic programs and wide range of extracurricular activities.

Overall, these are just a few of the many school districts in the Denver area that are worth considering. It is a good idea to research different districts and to consider factors such as academic performance, extracurricular activities, and location when deciding which one is right for your family.

What is Denver’s Weather Like?

Denver has a semi-arid climate, with hot summers and cold winters. The city typically experiences 300 days of sunshine per year.

In the summer, temperatures in Denver can reach into the 90s Fahrenheit (32-37 degrees Celsius) during the day, with cooler evenings in the 60s and 70s Fahrenheit (16-26 degrees Celsius). The city can also experience thunderstorms and occasional hail during the summer months.

In the winter, temperatures in Denver can drop into the 20s and 30s Fahrenheit (-7 to 4 degrees Celsius) during the day, with colder evenings in the single digits and teens Fahrenheit (-12 to -9 degrees Celsius). The city typically gets about 53 inches (135 cm) of snow per year, with the heaviest snowfall occurring in December, January, and February.

Overall, Denver has a moderate climate with pleasant, dry, and sunny weather most days. When it does get really cold, it typically only lasts for a day or two. While the heat can be punishing in mid-July, it always cools off quite a bit in the evening due to Denver’s dry climate. The weather is a draw for a lot of people relocating to Denver.

Transportation in Denver

There are several transportation options available in Denver, including:

• Light rail: Denver has a comprehensive light rail system that serves the metro area and connects to several suburbs.
• Bus: The Denver metro area is served by a network of bus routes that connect to the light rail system and other major destinations.
• Bicycle: Denver has a growing network of bike lanes and trails, and the city has a strong culture of cycling. The city also has a bike-sharing program, which allows people to rent bikes for short-term use.
• Car: Denver is served by several major highways, making it easy to get around by car. The city also has a number of rental car agencies, as well as ride-sharing services such as Uber and Lyft.
• Walking: Denver is a walkable city, with many neighborhoods having a mix of residential and commercial areas that are within easy walking distance of each other.

Overall, Denver has a range of transportation options, making it easy to get around the city and the surrounding area. It is a good idea to consider your transportation needs and to choose the option that works best for you.