Downtown Denver Real Estate Guide to Homes, Condos, Townhomes and Lofts

Living in and owning downtown Denver real estate can be an exhilarating experience. Whether buying or leasing, being a part of the vibrant lifestyle is surely something to look forward to. With the downtown Denver real estate market holding its own while the rest of the country is experiencing a downturn is a testament to the vision of its great leaders and residents. And with the largest transportation project in the country underway as well as the redevelopment of Union Station there is no better place to be.

Downtown Denver Homes
Downtown Denver homes and surrounding neighborhoods have some of the most beautiful properties in the country. Whether a Historic Victorian in Five Points or Baker, a Capital Hill Denver Square, a Washington Park Bungalow to a Denver Country Club stately mansion there is something for everyone. Neighborhood zoning codes determine how large a new home may be built depending on lot size and set backs. With more children moving into the city smaller versions of bungalows not protected are being scrapped for larger homes with modern conveniences.

Downtown Denver Condos
Downtown Denver condos as well as other neighborhoods are a convenient way to experience the city lifestyle without the added time of maintenance. Neighborhoods such as Uptown, Golden Triangle, and Ballpark are also experiencing a surge in condo development. With the high cost of land in these areas and zoning codes allowing high density there is sure to be more on the horizon. Another downtown neighborhood called the Arapahoe Square is poised for resurgence with mixed use and high density. This area is bounded by 20t to Park Avenue and Tremont Place to Lawrence Street. This will be an area to keep an eye on in the future.

Downtown Denver Townhomes
Downtown Denver Townhomes are one of the most popular new construction options. With the high price of land and height requirements in certain neighborhoods more of this product is being built. Neighborhoods like Riverfront, Highlands, Lower Highlands (LoHi), Cherry Creek, Curtis Park, Berkeley, and many others are seeing a surge of attached homes. Town Homes offer a great alternative to a single family home in these neighborhoods where land cost would make a single family home just to cost prohibitive for most buyers.

Downtown Denver Lofts
Downtown Denver Lofts are typically found in lower downtown which at one time was the warehouse district. With the completion of Coors Field in 1995 complete gentrification of surrounding blocks began with the conversion of warehouses and old office buildings into residential homes. A loft typically has exposed brick or concrete walls and exposed ductwork. The last of the historic buildings in all of downtown located at 15th and Wynkoop is currently being converted to office space with two lofts at the top of the building. Some builders took the term lofts to mean exposed ductwork within new construction. This however didn’t last long as the buyer looking for new construction usually wants a finished product. Lofts can be found on streets like Wynkoop, Wazee, Blake, Market and a few others. One drawback of a true loft can sometimes be lack of AC and the ability to make interior changes due to brick or concrete walls.

Denver City Living is very experienced and knowledgeable of the downtown Denver real estate market as well as many other neighborhoods within the county of Denver. We have lived in neighborhoods such as Washington Park, Mayfair, Lodo, Five Points/Curtis Park, and have sold homes in every neighborhood in Denver. For your entire city close or downtown Denver real estate needs contact the real estate agents at Denver City Living today.

Denver Real Estate Market

The Denver Real Estate market is fairly strong with certain areas. The areas that contain the Denver luxury homes always will bring a lucrative investment. Areas such as Washington Park, Cherry Hills, the Denver Country Club area and Denver’s southern metro area are all places that have continued to either remain market strong and at the very least, stable.

Even with the mass of foreclosures taking place presently, hasn’t seem to hurt areas of Denver that are found to be close to the foothills. Also, here are many options available for you to purchase and flop for a profit, or purchase a home and fix it up, or if you simple want to purchase homes for rental property to take in a profit.

Many Denver Realtors will gladly help you find just what you are looking for. They will know of many areas that are undergoing renovation frenzies and this should be something worth looking into.You may find that one area that was once not thought of as much or maybe the neighborhood was not so great, you now can see the area has spruced up and is beginning to have the potential to climb and reach the Denver Real Estate market heights.

As with any Real Estate Market, no matter where it is, you have to use your judgement and caution. If you buy into areas with caution, you could be pleasantly surprised at the upturn of the next market especially if you have purchase the property for a rental endeavor. You could be able to eventually rake in a nice chunk of change. If the area you have bought into starts a high price buying frenzy, you could find your self competing with them, and you will be able to ask for a nice rent amount and get it, with the right tenants.

If you find yourself wanting to purchase a home for yourself, there are many neighborhoods that will still allow you to buy into a piece of Denver’s history. There have been many fluctuations, in Denver’s rich history, such as the gold and silver rushes, many huge storms and even fires that have shaped the architecture of the buildings and homes in Denver. Most homes after the Great Denver Fire of 1963, which caused an onslaught of homes to be built with bricks. But you can also find many newly constructed homes that are being custom built and thrown into the mix. So Denver’s Real Estate market delivers a multitude of homes that are varied in there structures and skins. One can surely find something that will be appealing to them in this diverse market of homes and property.

Denver Real Estate seems to not take the housing crunch so far as hard as others, which is due to how many people love the rich historical Denver area and all the beauty and modernization that comes with it. The Denver area is an area that couples, singles, couples with children, the young and the elderly can all find their niches there and continue to be flocking there. People who have always lived there, want to stay there and people who come there want to live there. So I only see good things for the Denver Real Estate market.

Denver Real Estate Offers Attractive Options

Denver is the capital of Colorado, lying east of the Rocky Mountains Front Range, at an elevation of 5,280 feet. The population was around 598,700 in 2008. The city sprawls in an area of 401.3 square kilometers. Denver was established as a mining town in 1858 when the Pikes Peak Gold Rush created history in western Kansas. The city is located in a ‘bowl’ and hence is protected from strong winds and severe cold. The climate is semi-arid. Denver City and County possesses 79 neighborhoods. The city has a varying character, with houses from the beginning of the twentieth century lying alongside suburban style, modern development areas and large skyscrapers. The older brick buildings are denser in the city center, while the neighborhoods away from the center contain modern structures.

Denver is a growing metropolis. The Denver real estate scene is quite attractive. The office buildings, restaurants, shopping centers, and entertainment venues are situated in downtown of Denver. This area is a thriving one but also safe and clean. The heart of downtown offers condominiums, lofts, town homes, and single-family homes for aspiring home buyers. Cherry Creek, Crestmoor, Belcaro, Bonnie Brae, Hilltop, Washington Park, Denver Country Club, and Polo Club are highly exclusive communities around downtown. Prices of condominiums and homes in this area are priced around $400 to $500 per square foot.

If you prefer a lifestyle of high-rise condominium, LoDo, near the Coors Field area, is the best one. Other areas near LoDo are Curtis Park, Highlands, Riverfront, and Golden Triangle. They are also developing rapidly and offer ample scope for developers to plan neighborhoods and homes. Curtis Park and Highlands are witnessing the renovation of old historic houses. Apart from Golden Triangle, Baker, Regis, and City Park are also undergoing renovations.

Cherry Hills and Greenwood Village are among the affluent suburbs in south Denver. Cherry Creek, Centennial, Aurora, Englewood, and Littleton are the other suburbs. All of them have lots of open space and very low crime rate. However, the biggest attraction for people relocating to Denver is Highlands Ranch, the largest planned community area in Denver. This neighborhood lies between Arapahoe and Douglas counties. The community is a mixture of suburban neighborhoods and rural sections and is an ideal place for Denver homes for sale.

The suburbs of Lakewood and Westminster lie in the west of Denver. This area is a combination of old homes and new construction. The nearby foothills have the suburbs of Morrison, Evergreen, and Conifer. These could be termed as mountain communities, with excellent views, golf courses, trails, and gravel roads. The northern suburbs include Broomfield, Louisville, Boulder, and Lafayette, with housing and shopping opportunities. Another area with old and new structures abounding side by side contains the communities of Northglenn, Thornton, Commerce City, and Brighton.

As such, Denver real estate and Thornton real estate offer ample scope for developers and home seekers. Denver homes for sale are mostly affordable and the recent slump in real estate prices had made investment in Denver real estate more attractive.

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A Stable Housing Market and Beautiful Scenery Make Denver Real Estate an Attractive Choice

I have written recently about the reasons homebuyers should buy Denver real estate now: low mortgage rates and tax deductions, as well as the Front Range’s growing population and increasing property values. While the housing market remains tenuous due to a large number of foreclosed homes, the most recent reports on the Denver real estate market continue to support my conclusions and the idea that now is a great time to purchase Denver property.

First, good news keeps coming in for the Denver metro area: As the Broomfield Enterprise recently reported, Broomfield was recently listed as the third best area in the country to buy a home. Why? The two reasons cited in the article were the amazing scenery of the Front Range and the incredible rate of job growth in Broomfield and surrounding areas. The 50 percent job growth in Broomfield over the past decade points to the underlying trend of Colorado’s continued population growth, which should continue to support the greater Denver real estate market.

More good news came from a dourly headlined article, “Home Prices Still Falling”. While the article’s author, WallStreetPit, noted that home prices continued to fall in most metro areas in late 2010, Denver was one of two metro areas surveyed that actually saw home prices rise. The recent buoyancy in the prices of Denver homes for sale supports the larger argument that now is a good time to enter the Denver real estate market.

Indeed, while Denver property values plunged from 2007 to 2009, along with those in the majority of the nation’s metro areas, prices have actually stabilized in the Denver metro area since March 2009. This stability should be somewhat permanent given its current length (over 22 months) and the general return of U.S. housing prices to more normal, historic levels.

This return to normal of U.S. housing prices from their bubble highs means that house prices do not have as far to fall, even if Denver property prices do start decreasing again. This, coupled with the thousands of dollars in annual tax savings that homeowners can realize through mortgage payment tax write-offs makes now a sensible time to enter the housing market.