Increasing Home Values in Denver CO?
I saw something over the weekend that I haven't seen for quite some time. Not once, but twice.
Although we still get an occasional declining neighborhood in the Denver area these days, most appraisals are rated as "stable." Well, we got a pleasant surprise on two appraisals in completely different areas of town.
INCREASING Home Values!
Now, perhaps this is an anomaly. Perhaps the appraisers need glasses or were disoriented or mistook these neighborhoods for hot real estate markets. But two appraisals? It seems unlikely this would happen twice unless we are starting to show signs of increasing home values in Denver.
And to add to the positive vibe, this came from two vastly different neighborhoods. One was in my hometown of Evergreen, a Denver suburb in the foothills. The other was in Centennial, 25 miles away, a relatively hard-hit area of the metro area during the real estate downturn.
We'll see if the trend of increasing home values continues, but I can't help but being cautiously excited about this, and had to hammer the keyboard a little and get this in writing for the world to see!
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