Found 2 blog entries tagged as apartments.

 

Denver is growing at an extremely rapid pace,

with a house only being on the market for 26 days before selling at an average price of $496,382, according to July's market report.

This goes to ask, how many more homes will be available? The Denver-area developers are responding to this situation by creating smaller, denser, and taller apartments and homes that young adults and first-time buyers may not necessarily describe as affordable but at least attainable.

But the developers are meeting resistance on many fronts and warn that creative solutions are needed to allow people of average means to own property so Denver doesn’t become a city dominated by transitory apartment dwellers and the affluent.

“We are going to be growing out…

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People often ask if now is a good time to buy a home, or if they should look for a new rental when their lease expires and inevitably increases. The answer is sort of frustrating, because with inventory so tight, both homes for sale and for rent are hard to find in Central Colorado. But, really, it all depends on your short and long term plans, as well as your Real Estate and other investment goals.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

In the first quarter of 2017, the median asking rent for vacant for-rent units across the United States was $864. 

According to Rent Jungle, that number is almost double in Denver:

As of April 2017,…

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