While the rest of the country has been struggling with the current economy and the housing market, Denver has managed to stay strong, ranking as the second best market in the country. The 12-month tally for home depreciation in the Denver Metro area was only 4.3%. When you consider that homes in both Phoenix and Las Vegas, for example, lost up to 33% off home values in the last year, Denver €™s loss seems trivial. Denver held up better than 18 other markets, making this an incredible city for your next loft or condo purchase.
The Mile High City is home to a wide variety of housing options but the largest amount of recent construction has been in Denver €™s urban areas of downtown: Lodo, Ballpark, Uptown, Capitol Hill, Highlands and Golden Triangle. While older buildings have been converted into lofts and condos in these areas, lofts have become so popular that many new projects have been developed throughout Denver, particularly in Riverfront and Golden Triangle.
Denver has something for everyone: sports, culture, museums, parks, shopping, entertainment and natural beauty. And with the recent surge of popular loft and condo options, you can feel confident in knowing that the Denver market presents unending opportunities for wise investment choices. Recent neighborhood revitalization has led to a surge from the suburbs back to the city. Further, Denver inventory levels suggest that the loft/condo market is not overbuilt and that the downtown Denver neighborhoods will remain vibrant and in demand.
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