Posted Dec 8, 2016, 1:09 PM
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Registered User
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Join Date: Aug 2016
Location: Colorado Springs
Posts: 68
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The average condo price is now over $300k in Denver (article on biz journals). I sold my condo on the border of Den/Aurora in spring '16 for $330k and it has a $300/mo HOA. It's not a nice area, not a great home, just a solid condo that happened to ride this ridiculous wave of appreciation.
Denver home prices are rising faster than anywhere but Austin (biz journals). One tidbit about the list of risers, every place on there except for Den and SF are cheap markets that are still relatively cheap even with a large increase.
Denver is now the most expensive metro between the US coasts, like our little slice of the seaboards at the foot of the rockies.
Also, Denver is the fastest growing large city in the US, by percentage. So all of the above is happening while growth is swift. Imagine if growth is regulated beyond natural factors, the consequences would be disastrous. What am I missing?
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