Denver Home Prices Higher Than Pre-Recession Peaks
We continue to report here about the rising values of Denver Homes. The latest report comes from Zillow which is reporting this week that homes in the metro area have risen above the highest levels recorded before the recession.
From The Denver Business Journal:
Home values in the Denver metro area have gone above and beyond their highest pre-recession levels, and are predicted to keep rising, according to the data released Monday by Zillow.com.
In addition to exceeding their previous peak, home values are expected to continue their upward trend, growing by 1.8 percent over the course of the next year, from first-quarter 2014 to the same period in 2015.
Nationally, home values are expected to increase by 4.2 percent over the next year.
The Article is worth a complete read and highlights the main reason investors have been increasing their demand in the area.
The demand for nearly every area of the Denver market is sky high, and we continue to struggle finding available homes for buyers. If you are a buyer in this competitive market, make sure our team knows your needs and has you set up on daily Denver home email alerts.
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