New Study Shows Denver Has One of Top 15 Healthiest Housing Markets

By
Real Estate Agent with Keller Williams Realty DTC

According to Builder magazine, Denver ranks as the Denver as the twelfth-healthiest housing market in the United States.

Several Texas and North Carolina cities make up over half of this list, with Houston and Austin shown the have the healthiest housing markets, respectively.

15. Myrtle Beach, S.C.
14. Wilmington, N.C.
13. Charlotte, N.C.
12. Denver, Col.
11. Nashville, Tenn.
10. Washington DC
9. Fayetteville, Ark.
8. Indianapolis, Ind.
7. Seattle, Wash.
6. Raleigh, N.C.
5. Dallas, Texas
4. San Antonio, Texas
3. Fort Worth, Texas
2. Austin, Texas
1. Houston, Texas

Here is some of what this article has to say about the Mile High City:

"Denver has been all over the home building news of late, with Beazer and Centex leaving town, then Village Homes of Colorado declaring bankruptcy. But the market hasn’t been hit as hard by the home building recession as other Western markets, in part because it didn’t experience rampant price appreciation during the boom. That’s partly because there’s lots of land available to develop in Denver. The median price of an existing home here was still an affordable $225,100 in the third quarter of last year, down only 11.4 percent in the last year (through 3Q 08). Denver enjoys one of the highest population growth rates in the country--2 percent annually for each of the last five years. Builders pulled 8,800 permits in Denver last year, down from 20,864 in 2005, a percentage decline that’s close to the national average. Denver is buoyed by a strong commercial real estate market."

Please feel free to contact The Bibeau Group with any questions about the Denver Real Estate market.  Or, check out our website for our new Live Chat feature and get answers in real-time!

 

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