As the Denver metro area continues too see it’s population increase (~2,000 people moving here each week), the demand for 55+ communities in Denver and the surrounding cities continues to surge. Unfortunately, we are still seeing construction of these neighborhoods lag behind demand.
The chart below illustrates the number of homes sold each year in these age restricted communities across the Denver area:
Sold Homes in 55+ Communities
Based on information from REcolorado®, Inc. for the period 2012 through 2017 Note: This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market.
As you can see, the number of sold homes for these communities continues to rise. Conversely, the following chart shows the declining inventory we have been facing:
Active Listings – Age Restricted Communities
Based on information from REcolorado®, Inc. for the period 2012 through 2017 Note: This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market.
Again, these charts show data for the entire Denver Metro area. The demand in certain cities is far greater. Areas such as Littleton and Highlands Ranch have seen a huge demand surge for these 55+ neighborhoods while some of the areas further from the central metro areas have not.
If you would like more details on a certain area or would like to learn about some of the most popular communities, please give us a call at 303-7269-1874. Our agents have helped many active seniors find the perfect community for them to call home. We would love to help you!