PUBLISHED August 1, 2022
By Jacqueline Johnson
While the Denver real estate market has been experiencing changes due to looming recession fears and rising interest rates, buyers are still willing to pay a high premium for their dream home. Below are the three main reasons we hear why residents love to call Denver home and are willing to pay the price to do so!
1) Natural Beauty
The city of Denver rests at the base of the Rocky Mountains, offering many Denver homeowners
breathtaking, panoramic views of the mountains. Denver residents are known for their love for mountain activities like hiking, climbing, biking, skiing/snowboarding and so much more. The Rocky Mountains are a stone’s throw away from the city, making for an even more elevated lifestyle.
2) Distinct Neighborhoods
Buying a home in Denver can allow you to achieve a better lifestyle. While the cost-of-living increases with how much luxury you wish to have, such as when adding composite cladding to your home’s exterior, it does not necessarily mean that your lifestyle will improve if you spend more. When it comes to the Denver housing market, there are many neighborhoods available that you can choose from. Here are a few top favorites:
Cherry Creek: This is a luxury neighborhood, with an average home sale of $1 million-plus, known for its abundance of shopping and dining options. This makes it an ideal location for someone who appreciates the finer things in life as well as access to one of Denver’s most popular bike paths, the Cherry Creek Trail.
The Highlands: Originally known as Northside, is one of the most desirable places to live in Denver, ideal for those looking for a quiet and peaceful neighborhood that is still close to downtown Denver. Its growing popularity has encouraged a surge of new restaurants, bars, and shops.
Washington Park: Noted as one of the most beloved neighborhoods in Denver, Wash Park is known for its extensive greenery and long-standing community. This serenity comes with a price with an average sales price well above $1 million.
3) Booming Economy
Lastly, the city of Denver has been noted for its growing economy, so there are plenty of executive posts from some of the most prominent companies based in this Mile High City. Some of the industries in Denver that are on the rise include the tech, aerospace, and agriculture sectors. Many casual concept companies and brands also have their headquarters in Denver.
Interested in learning more about buying or selling in Denver? CONTACT US today!