The May 2008 edition of 5280 Magazine has a great piece about real estate prospects in the Denver area. While the media is full of stories about the doom of the real estate market, 5280 has presented 14 neighborhoods that are still appreciating or have positive outlooks for the near future.
|
Neighborhood: |
Average Sales Price: |
|
South Park Hill |
$456,000: 5 percent increase from 2006 to 2007 |
|
Old Bonnie Brae |
$902,212: 13 percent increase from 2006 to 2007 |
|
Highland and West Highland |
$305,011: 4 percent increase from 2006 to 2007 |
|
Washington Park |
$654,000: 9 percent increase from 2006 to 2007 |
|
Ken-Caryl Valley |
$564,000: 5 percent increase from 2006 to 2007 |
|
Mayfair |
$671,000: 10 percent increase from 2006 to 2007 |
|
Congress Park |
$408,000: Down 2 percent from 2006 to 2007 |
|
Cherry Hills Village |
$2,016,500: 7 percent increase from 2006 to 2007 |
|
Newlands (Boulder) |
$942,455: 1 percent increase from 2006 to 2007 |
|
Country Club Historic District |
$1,082,000: 26 percent increase from 2006 to 2007 |
|
Louisville |
$392,000: 7.3 percent increase from 2006 to 2007 |
|
Highlands Ranch |
$319,000: 1.5 percent increase from 2006 to 2007 |
|
Berkeley |
$274,000: 5 percent increase from 2006 to 2007 |
|
Stapleton |
$454,000: 4 percent increase from 2006 to 2007 |
Click here to read the complete article and details on why these neighborhoods have positive outlooks.
