Time to Buy Denver Investment Properties? Rents up 10.5%!

Rents are up in Denver. Way up. According to the latest report by Trulia, year-over-year rents are up 10.5% in July. This is spurring an increase in buyers looking at Denver Investment properties.

And it’s not just the rents. According to the same report, asking prices are up 8.6% year-over-year. This corresponds with the data we’ve been reporting here for nearly a year detailing the increase in dales prices for the entire metro area.

The entire report is worth a read, and as you look at the data, pay attention to this explanation from the report itself:

The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop on where prices and rents are headed.

As we continue to stress here on our blog, the availability of Denver foreclosures and other Denver distressed properties are decreasing rapidly. Homeowners are typically favored in the buying process (especially for HUD and Fannie / Freddie homes) and the competition is fierce.

If you are interested in learning more about this market or would like to talk to our team about entering the market for Denver investment properties, give us a call at 303-726-1874.




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