Denver, Colorado Condos for Sale
About the Denver Condo Real Estate Market
Denver condos are an excellent step into the Denver housing market. When you live in Denver, you live an elevated lifestyle both literally and figuratively. Be one who lives the “high life” and make everyday a grand adventure of success and style. Denver is known as the “mile high city” and is bursting with diversity from its urban areas to its suburbs, from its single family homes to its condos, and from its museums to its restaurants.
Denver is a place where individuals elevate their lifestyles and environmental living options surrounded by a bevy of culturally and educationally diverse venues. Residents of Colorado - and especially, Denver - choose to live here for its abundant wealth building and employment opportunities.
Events in Downtown Denver include Colorado Avalanche NHL games and Denver Nuggets NBA games at the Pepsi Center. The Museum of Contemporary Art - Denver, the Molly Brown House, and the Denver Botanic Gardens are cultural and artistic centers enjoyed by many. Family friendly venues include the Downtown Aquarium, the Denver Zoo, and restaurants like Steuben’s. You will always find something to keep you entertained and enriched in Denver.
Denver Public Schools and a number of private and charter schools serve residents with school-age children. These schools create top-notch educational experiences for their students. Post-secondary institutions include the Rocky Mountain College of Art and Design, the University of Colorado at Denver, and Denver State University, just to name a few. It’s no wonder so many Denver residents possess a minimum of a Bachelor’s degree!
Incredible amenities abound in the Denver housing market. We will explore three neighborhoods to provide you with a broad range of options: centrally located Cherry Creek, northeast Sandown, and northwest Berkeley. Buyers may choose from urban lofts in Berkeley to single family homes in Sandown to hip condos in Cherry Creek.The price range for homes is as diverse as the homes available. Cherry Creek has a median home price of more than $1,000,000. The rest of the state tends to run just above or below the $500,000 mark, although some less expensive properties may be available.
The type of Denver lifestyle you will enjoy is defined by your choice of neighborhood. The demographics of our select neighborhoods are as follows:
*Cherry Creek: Retirees, Luxury Lifestyle Enthusiasts, and Single Professionals
*Sandown: Urban Sophisticates, LGBT Friendly, and Executives
*Berkeley: Trendsetters and Urban Sophisticates
These are broad generalizations and you may find the type of lifestyle you desire in these or any other Denver neighborhood, and Denver residents appreciate the uniqueness of the neighborhoods in which they choose to reside.
When you work with the tenacious agents at Kenneth James Realty, we build you a portfolio of homes that match your impeccable tastes, needs, and location preferences. Let’s take a look at the types of homes that are available in our example neighborhoods. Where you choose to reside may slightly change the home styles and sizes that are available to you. If price is a consideration, note that Denver condos and townhomes typically have a median price that is $20,000 less that a single-family homes.
Homes in Berkeley support a family-friendly community. A substantial portion of homes (79%) are designed for single-family dwelling. Townhomes, large apartment complexes, and small apartment buildings have nearly identical availability in the market: 5%, 8%, and 7%, respectively.
Cherry Creek is primarily comprised of townhomes (almost 27%) and apartment complexes (51%). Note that many of those apartment complexes were remodeled and converted into luxury condos, such as Polo Club Condos and Cherry Creek Towers Condos. Single-family homes account for slightly over 14% of the homes available.
Sandown homes reflect a good mix of housing and lifestyle opportunities. Single-family homes make up 45% of the available properties, followed closely by large apartment complexes (29%), townhomes (17%), and small apartment buildings (8%).
As for the Denver rental market, when we combine the average rents listed for our example cities ($1,731; $2,377, $2,492;), we find an average price of $2,200.00. The average price of rent is a veritable bargain compared to the quality of life offered by Denver and access to high paying jobs and neighborhood amenities.
It’s not “if” you will live in Denver, but “where”! Which neighborhood will you choose?
Most Denver residents drive their personal vehicles to work. A whopping 5-10% of residents take advantage of the eco-conscious option to carpool. By choice or by necessity, some Denverites enjoy an incredible public transportation system that rivals many other large cities. Many rail lines (C, W, and E) run through the Union Station downtown transit center. Many local bus routes transport residents to every corner of the city. The Free MetroRide and Free MallRide are complimentary shuttles that have designated routes through high traffic areas.
Employment and Average Income
The average Denver resident holds at least a Bachelor’s degree and has an income greater than $80,000. Residents are able to afford the prices of rentals and homes that are greater than the national average, while still having a reasonable expendable income. If you believe in the benefits of higher education, Denver may be the city for you and your family!
Employment in Denver includes a broad range of industries but most employees boast a white collar position. Popular industries include in the majority of communities include technical services, healthcare, finance, and education. Other communities have the added industries of manufacturing, retail, and public service.
If you make Denver your home, you will be pleased with your choice. When you live the “high life”, you will enjoy a friendly community of like-minded professionals, education and employment opportunities, and amenities galore.
Please consider our dedicated and professional agents your Denver experts. Whether you are selling or buying your home in Denver, we have access to tools that will help your transaction progress efficiently and smoothly. Contact us today and let us know how we may be of assistance. We look forward to serving you soon!