It will likely come as no surprise that Denver real estate continues to trend upward. The Denver Metro Association of Realtors released a recent trends report this week, revealing that the average home price rose again in the last month. Median prices for Denver metro now sit at $439, 161, more than a 10% increase from last year.
To read the report and other important market data, visit Denver Metro Association of Realtors.
Denver home values have appreciated and recovered from pre-recession values. According to the Denver Post, though only one-third of home markets across the United States have recovered from the recession, 99 percent of properties in the Denver Metro area have matched or surpassed pre-recession values. In light of national conditions, some homeowners have been surprised at these valuations and county officials are having to reassure homeowners of their validity.
If you’re curious about how your home value stacks up, the Denver Post has provided a “heat map” by neighborhood. Feel free to contact me with questions about your home’s value and comparable properties in your area.
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