Will light rail impact pricing in Denver?

By
Real Estate Agent with Your Castle Real Estate

 

 


Home appreciation near T-Rex light rail line stations have out-performed the market
Other cities such as Portland found that homes near light rail lines have out-performed the market in terms of price appreciation. The newest light rail line on the south east corridor (it was built during the T-REX I-25 expansion) bears this out. In the last two years, the average home within two miles has appreciated 4% while the metro Denver average is off 8%. We've shared this with our clients, and many decide to try to purchase homes near future light rail stops in anticipation of future appreciation.

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Rainer
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suzy canon
Your Castle Real Estate - Denver, CO

Any idea how the job market will impact this data?  Is Colorado expected to create more jobs in the short term. It would be interesting to see how the real estate market is effected by the job market.

Nov 07, 2008 03:12 PM #1
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Rainer
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Jim McCarthy

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