Zillow
Audio By Carbonatix
Although prices are leveling out, even dropping, homeownership is still expensive in the Mile High City. In September, the median sale price for single-family homes in Denver was $640,000, according to Redfin. That’s up nearly 4 percent from January, and up over 17 percent from COVID lows in September 2020. Costs aren’t much better outside Denver city limits; the median closed price for detached homes in the broader Denver area was $650,000 in October, according to REcolorado.
Still, there are cheaper properties. Early this week, five detached single-family houses in Denver were listed for sale on Zillow for $275,000 or under, as Hannah Metzger reported.
And in their comments on the Westword Facebook page, readers show there’s plenty of room for disagreement about the local real estate market. Says Rudy:
That’s a good deal for Denver.
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Adds Root:
There’s probably already fifty offers.
Notes Gwynn:
Denver is landlocked. Which means they’re isn’t any large building of homes to keep prices down. It’s like the city is a prestigious place to live now.
Suggests Greg:
Stop letting foreign investors buy American homes and the prices will come down.
Offers Joe:
Examples of this can be found in almost every American city (at least cities where people want to live )
Responds Dan:
Keep telling yourself that, but it’s not really true.
Concludes Mary:
Denver’s expensive, but worth it. And that view is free!
What do you think of Denver’s real estate scene? Post a comment or share your thoughts at editorial@westword.com.
