According to the S&P and the Denver Business Journal, Denver’s existing home prices have climbed a tenth of a percent in March! This is just one more bit of evidence that Denver is on the rebound. Again this goes along with other experts and what I have been saying for some time now.
What everyone misses in these articles is that Denver was in a decline before any other city. We hit our peak in 2001…in my opinion…even though the article states that we hit our peak in 2006. Maybe that was true for the luxury market, but not true for the regular folks. We were first in foreclosures before anyone else. So it only makes sense that we bouncing before most everyone else.
Although the market here in Denver Metro is doing better, the luxury market will lag behind. First time home buyers are bidding up! Luxury buyers are still bidding down. How long until it catches up? Who knows, but it feels good to see folks buying!
For all of your home needs, see www.5280fineliving.com . Setting the standard in luxury.
Filed under: Luxury Real Estate - Trackback Uri
I was just looking for information about this when I found your blog post. I’m just dropping by to say that I definitely liked seeing this post, it’s really well written. Are you thinking of posting more on this? It seems like there’s more material here for later posts.
Thanks for the kind words! I am sure there will be more to come!
Thanks for writing, I very much enjoyed reading your latest post. I think you should post more often, you clearly have talent for blogging!
This is encouraging news - I think it will be a while before we see this kind of rebounding here in Florida, especially in coastal investment properties. Great website.
Thanks Sherri! I am glad you like the site. I have had many compliments on it.