Forget NYC & San Fran – Denver Booms!

To those that live in and around the Denver Metro area, it’s no surprise the draw that this city has on many. Denver has so much going for itself as a place to call home and also for big business companies to invest in, it’s no surprise that we are experiencing a huge increase in relocating young professionals and businesses alike.

Most of the great attributes mentioned in the article I was already aware of. Here are some of the interesting items that I didn’t know about:

  • “Denver has a growing and diverse industry — mutual funds, natural gas, technology… Denver now has a vibrant downtown. It never used to. So now you have a true mix of city and sky.” Finally we are just considered a cow town any more!
  • “Equity Residential,  America’s largest publicly traded multifamily landlord, called the Mile High City one of its top three growth markets for 2014.” More evidence that the market is strong with investment opportunity
  • Denver was tied with Seattle for the third-biggest increase in 25- to 34-year-old residents from 2008 to 2012.
  • Denver’s unemployment rate was at 6% in October 2013 which is under the national average of 7% – More companies are relocating to Denver to take advantage of the highly diverse work population.

And now for the music-to-my-ears data, “the median price of a single-family Denver home was $285,000 in the third quarter, up 9.7 percent from a year earlier, according to the Colorado Association of Realtors. Properties spent 39 days on the market, down from 63 days in the third quarter of 2012.

With Spring upon us in just a few months, now is the time to reevaluate your long term intentions in Denver and if you’re serious about sticking around the Mile High City, to consider making an investment. You’ll be glad you did!

To read the article in its entirety, click here

 

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