Anyone looking for a Douglas County home value under $1 million has many options and opportunities. Douglas County is one of Colorado’s most popular places to live. The area is often the chosen site for families that want to be located between the two largest cities in the state – Denver and Colorado Springs.
In fact, some Douglas County households have one worker that commutes to Denver and one that commutes to Colorado Springs on a daily basis.
Douglas County covers almost 850 square miles. Many parts of the county have been developed into residential, retail, and business areas but there is a large percentage that is open or forested land. The number of people that live in Douglas County is approximately 285,000. There are incorporated and unincorporated areas in the county. Some of the unincorporated include Castle Rock, Larkspur, Lone Tree and Parker.
Douglas County offers a unique mix of older neighborhoods, master-planned communities, shopping areas, business parks, and public venues. Despite the building and development that has taken place in Douglas County, the area offers residents unparalleled views of the Colorado mountains, open space, and beautiful scenes of the eastern plains.
Because of the many levels of real estate opportunities, Douglas County home value under $1 million is just as realistic as homes that are valued over $1 million. This is an area that provides an excellent mix of homes and real estate that can be found in every price range.
Another of Douglas County’s draws is that it is home to many of the largest employers in the State of Colorado. For example, Dish Network, CH2M Hill and Liberty Media all have major office locations in the county. Most of the individuals that work for these companies live in one of Douglas County’s many neighborhoods. It is possible to find very nice condominiums and townhomes in Douglas County starting at approximately $125,000. But, there is a possibility to find property for less than $150,000 if a suitable foreclosure or short sale can be located.
The same is true for single family homes. Prices generally run from $150,000 for the smallest homes to $1 million (or more) for the largest homes. Again, there are always opportunities to find excellent deals on Douglas County homes valued under $1 million because the foreclosure and short sale situation in the area is still providing excellent purchase opportunities for buyers.
The real estate market is slowly recovering in Douglas County. If you are a buyer and have been waiting for it to “hit bottom”, in my professional opinion we are there. Now is the time to start looking at homes and get your financing in order. Sales under the $200,000 market is red hot and we are seeing multiple offers on these properties. To still get into a priced-below-the-market home, you’ll need a professional Realtor to know about these homes before they hit the market. Call us today at 303-814-3684 to ask how you can still take advantage of this down market and find the home of your dreams for the least amount of money!
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