Colorado Homes For Sale

There is no doubt about it, Colorado real estate is hot!  Home sales all over the state hit record highs last year for the first time since the housing market plummeted and have lead to positive projections for the upcoming year.  With low inventories and eager homebuyers, Colorado is seeing absorptions rates which indicate homes in our state are selling in less time. Although this is a general assertion, some markets are seeing more interest from buyers than others. 

The various housing market sectors in Colorado are different for each city and each price range, but typically speaking homes that are priced under $350,000 are flying off the proverbial real estate shelf and getting seriously competitive offers. In areas where real estate is strong like Broomfield, Arvada, Longmont and Centennial, homes in this range are a great investment and a fair price.  Included in this price range you will find everything from condos and townhomes to modest single family and newly constructed homes.

Homes priced under $500,000 are also seeing great interest from buyers in communities like Denver, Louisville, Boulder, Fort Collins, Castle Rock and Colorado Springs. Many of these cities have been recognized by national publications for being a great place to live and raise a family which has largely contributed to the fast pace of this market.  For $500,000 the kind of real estate you can purchase in the above mentioned areas varies greatly.  For instance in Boulder this price range might buy a luxury 2 bedroom 1 bathroom condo as were it could probably buy you a very nice, updated older home in Denver’s highly coveted Washington Park.  

Although they are taking a much longer time to sell, luxury homes for sale in Colorado which cost $750,000 and more, are still desirable especially in areas like Cherry Hills Village, Boulder, Denver, Niwot, Vail, Beaver Creek, Breckenridge and Aspen.  A large portion of these sales are due to the community’s popularity, reputation and seasonal tourism. Investment and vacation properties are also huge in these and other mountain areas and accounts for a big portion of the luxury real estate market.