Time to buy Denver Condominiums
Prices of Denver condominiums have steadily been decreasing over the past 3 years. Average listing price of condos has been $189,000 in 2005 to $171,000 in 2008 and they continue to fall, but the price declines have been less than the decreases for single family homes. That is a reason why one should consider buying a Denver condominiums.
The number of condo sales have been steadily declining for the past 3 years in metro Denver. In 2005 11,600 condominiums were sold compared to 9,800 in 2008 in Denver. Foreclosures and short sales have been the largest reason for sales in Denver real estate market for this year. In 2008, the number of distressed Denver condominiums sales have increased to 41 percent of all sales.
Denver condos offer better options than apartment living, you will not be wasting your money on rental, but instead building up equity in your investment. They also offer comfortable living with style. You have access to many amenities like pools, business center, fitness center, spas, and parking facilities, it meets all you needs.
Thee types of condos are available, these are condo lofts that are great for singles and students. Luxury condos are for wealthy individuals or for executives who wan to live close to there work. They offer luxurious amenities for those with wealth to afford these luxuries. Third, there also is condo vacation rentals that cater to many skiers that come to Denver and want to enjoy comfort of home.
If you are looking for new home, Denver condos certainly offer convenience and value. With the recent recession and decrease in price of condominiums, increase inventories of unsold condo, increase number of day they are available in market, you will find bargains and deals that will fit your budget.
Make sure you do your due diligence and use a reputable buyers agent if you are looking at luxurious high end condo. Be patient and find the right condo for this is a large investment.
The number of condo sales have been steadily declining for the past 3 years in metro Denver. In 2005 11,600 condominiums were sold compared to 9,800 in 2008 in Denver. Foreclosures and short sales have been the largest reason for sales in Denver real estate market for this year. In 2008, the number of distressed Denver condominiums sales have increased to 41 percent of all sales.
Denver condos offer better options than apartment living, you will not be wasting your money on rental, but instead building up equity in your investment. They also offer comfortable living with style. You have access to many amenities like pools, business center, fitness center, spas, and parking facilities, it meets all you needs.
Thee types of condos are available, these are condo lofts that are great for singles and students. Luxury condos are for wealthy individuals or for executives who wan to live close to there work. They offer luxurious amenities for those with wealth to afford these luxuries. Third, there also is condo vacation rentals that cater to many skiers that come to Denver and want to enjoy comfort of home.
If you are looking for new home, Denver condos certainly offer convenience and value. With the recent recession and decrease in price of condominiums, increase inventories of unsold condo, increase number of day they are available in market, you will find bargains and deals that will fit your budget.
Make sure you do your due diligence and use a reputable buyers agent if you are looking at luxurious high end condo. Be patient and find the right condo for this is a large investment.
About the Author:
Thinking about purchasing Denver condominiums, please review Denver Condominiums, and Denver Condominiums
posted by Credit Counseling at
3:31 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home