As Denver's housing market gets more expensive, sellers seem to think buyers will buy less for more. Case in point: We found a couple of pretty despicable properties on sale for $250,000, which would purchase a perfectly lovely home in less insane markets.
Readers have a lot to say about our housing market — and our tolerance.
I have been In Colorado for four years from Chicago. I am 100 percent for the sustainability and architectural preservation. Chicago would never build the shit that is being built in Denver. It breaks by heart.
Sadly, it's just progress. Out with the old (me), in with the new.
Gross. No thanks. I'll remain far away from Denver
Have you seen what a million will get you in California?
And Wendy concludes:
Come to Pueblo, where your money will go much further...small but beautiful city.
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SHOW ME HOW
For our May 17 post "What Kind of Home You Can Buy for Under $250K in Denver Right Now," we explored the Homesnap real estate website and discovered six Denver single-family detached residences available for less than a quarter of a million dollars — just barely in the case of two, which were going for $249,000.
Since then, prices for such dwellings in the Mile High City have continued to ratchet upward, with one study identifying Denver as having the second-worst home affordability in the entire country. And a return visit to Homesnap confirms that the number of such properties available at the lower end of the market is shrinking.
Last week, just four single-family detached residences could be had for under 250K. And while the least expensive of them sported a lower price tag ($187,000) than May's cheapest joint ($204,900), its listing didn't include a single photo of the alleged dwelling, substituting instead a pic of Westwood Park.
What do you think about home prices in Denver? Let us know in a comment or at firstname.lastname@example.org.