If you're a homebuyer in Colorado, you might feel like your options are limited. That's because we're currently experiencing something of a "house-drought" in the state. This is excellent for people who want to sell their homes; as soon as they put their homes on the market prospective buyers come knocking. However, it presents real challenges for people who want to find the home of their dreams at an affordable price.
Colorado real estate is a seller's market right now
Metro Denver residential properties are increasing in value
Home prices in the metro Denver area have been increasing in value. According to the Denver Metro Association of Realtors (DMAR), the month of October proved profitable for residential properties in Denver, both for condos and single-family detached homes. The average price for these was $380,000 in October.
Comemercial real estate opportunities are booming in Denver
There's a lot of new office space available in Denver, and much of it is already pre-leased. According to a recent report, investors and business owners are hungrier than ever for new office space in the city.
