Colorado Real Estate: What Millennials Could Love About Denver
Located at the foot of the Colorado Rocky Mountains, Denver looks like a postcard-perfect city in every angle. With its incredible mountain views and laid-back vibe, it's no wonder why more and more millennials are falling in love with this city.
Planning to move? Check out these three other reasons why Denver should be in every millennial's list.
It's cheap. According to Trulia, Denver has experienced a significantly huge increase in their economy over the last few years. Surprisingly, real estate prices have remained low. Median sales price remain at $300,000, making it one of the country's most affordable urban markets.
It's growing. Because of its affordable cost of living, Denver's real estate is booming. A few years from now, prices may not be as low. In a study conducted by Trelora Real Estate, there is a 10 percent increase in their sale prices every year, while sales have grown by 2 percent from 2014 to 2015.
It's got the best of both worlds. Few cities can boast of having that perfect balance between rural and urban. Denver can. It has an abundant access to the great outdoors for adventure seekers, quiet neighborhoods for families, and bustling hot spots for the younger crowd.
"Denver is a big city, but its neighborhoods can give you a small-town feel. Tree-lined streets and walkable stores and restaurants can be welcoming for someone moving to Denver from other parts of the country," real estate agent Michael Kearns of RE/MAX Alliance shares. "If you want a downtown vibe, a small-town neighborhood, a suburban feel, or a rural home with land and views, Denver can provide it all!"
For Audrey Keller of Trelora, there will never be a downtime in Denver. "Many choose to move to Denver because it's a large city where you can experience live shows, sports, great art and food, but you also feel the Western/laid-back vibe. People here are very friendly, in general, and there's plenty to do!" she said.
For millennials planning a migration, consider the neighborhoods in Capitol Hill. It is close to concert venues, malls, and bars, so the urban scene is busy every night.
For those who are starting young families, good areas are Highlands and Sloan's Lake in Northwest Denver. The neighborhood offer traditional bungalow homes with local shops, restaurants and lakeside activities along the area.