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Metro Denver Home Values Skyrocket: How Much More Your Home Is Worth Now

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click to enlarge Douglas County. - YOUTUBE FILE PHOTO
Douglas County.
YouTube file photo
Douglas County:

Assessor Lisa Frizell reported that the median single-family-detached property value is now $429,500, an increase of 17.25 percent from the 2015-2016 level of value. In 2016, Douglas County saw the completion of 2,100 new single-family detached housing units, constituting a 2.3 percent increase in inventory. While this new construction brought an increase of almost $90 million dollars in actual value, the reduction in the residential assessment rate equates the assessed-value contribution to that of 2016.

“Reflecting the excellent quality of life available in Douglas County, real estate values have continued to experience steady increases for all property classifications — along with near record-setting new construction. As with the 2015 reappraisal, our condominium and townhome housing saw the largest appreciation in value,” said Assessor Frizell. “These homes are in high demand in Douglas County and saw median increases of 28 and 23 percent, respectively.”

Douglas County Assessor’s Office: 303-660-7450

click to enlarge Elbert County. - YOUTUBE FILE PHOTO
Elbert County.
YouTube file photo
Elbert County:

Elbert County Assessor Billie Mills reported that as of June 30, 2016, the estimated market values in Elbert County had a median appreciation of 30 percent. The 30 percent increase is heavily influenced by a strong residential market that has been one of hottest in the Front Range area. The Elbert County Assessor’s Office re-appraised 13,000 parcels, utilizing 1,140 qualified market transactions from July 1, 2014, through June 30, 2016. All sales have been trended (or adjusted for time) to June 30, 2016.

Elbert County Assessor’s Office: 303-621-3101

click to enlarge Jefferson County. - YOUTUBE FILE PHOTO
Jefferson County.
YouTube file photo
Jefferson County:

Assessor Ron Sandstrom reported that all residential property (single family, townhouse, condos and multi-family) increased at a medium value of 22.8 percent. These values varied by cities within the county from 18 percent in the unincorporated part of the county to 36 percent in Edgewater. Likewise, commercial property values varied in a similar fashion, from 11 percent to 27 percent.

Jefferson County Assessor’s Office: 303-271-8699
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Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts