Spotlight on the {Mi}le High City

 

We love Denver. Turns out we're not alone. What used to be a charming small mid western city is now consistently staying in the top 5 of numerous rankings like biggest increase in skilled labor (JLL, 2018), top metro for small business employment (Paychex, 2018), third fastest growing large city (WalletHub, 2018), and fourth best place for business and careers (Forbes, 2017).

Katie that's neat you have access to this data, but what does this mean for me?

Well interested soon to be-maybe-Denverite ... here's a personal interpretation of what the mile high city is doing, and what it means for you. To put it simply, Denver is growing. Booming in fact. Cranes, planes, and trains are taking over (see what I did there?), and that means serious growth. Don't get it twisted... there are some major companies that have announced putting a headquarters or office (like a company you may have heard of, rhymes with schmapple) in downtown. Plus, Target (launching its first small format store), Sephora, FlyWheel and Whole Foods are opening giving residents the ability to not have to go out of the city for anything.

 

But what about real estate? I've heard it's outrageous and rent is even hard to afford! 

According to apartmentlist.com, Denver is averaging about $1,040 for a one bedroom, relatively affordable when comparing to other major cities like San Francisco ($2,440) and L.A. ($1,350). Generally speaking, if you want to be right in the middle of all the action, plan to pay a premium, but if you can find a great apartment close to public transportation you can position yourself to save a bit off the top. Denver is still a massive sellers market, with extreme low inventory and the average single family home now passing the $500k mark. 

***H o w e v e r***

We are not expected to be slowing down anytime soon. If you are seriously thinking of purchasing make sure you get all your ducks in a row with your lender and make sure you are working with a qualified agent that knows the market, and even more so has great agent relationships. So many deals are being done before properties hit the market. You also still have the opportunity to purchase at The Coloradan, Union Station's ONLY new condo building. Check out a rendering below... it's currently in construction, and G O R G. Your downstairs neighbor is Whole Foods and FlyWheel. I'm not sure what else I need to say in order to sell you on this place. 

Front range views AND city skyline anyone?

Alright, this sounds tempting. What if I'm serious about making the move? What are my next steps? Help! I'm already overwhelmed!!!!

First off, chill. Denver's laid back vibe will wrap you in a warm hug in no time. When thinking about a relocation arm yourself with an educated & experience agent (hi, nice to meet you) who can guide you to all of the resources you will need to research and also help you with taking a trip to visit, where to stay, what to do in order to give you a really great overview. I always recommend to do an airbnb in one of the neighborhoods you've been looking at. Take that first step and keep an open mind, you just may be visiting your next chapter!

At Hom we have experience with national as well as international relocation. To chat more about your specific move give us a ring at 720.583.4799 or shoot us an email to info@homcolorado.com. You can always follow our head LBIC (lady boss in charge), Katie Enterline on instagram @firstladyofrealestate. She's got a fun Claire Underwood vibe going on, and helps both Denver and South Florida peeps with all of their real estate needs. Having been in Denver for well over 2 decades, she's seen it all, and has an uncanny ability to match each client with their perfect home.

Selling the dream in the 305 & Mile High

Hom Co Denver Real Estate

The Hom Team at DeBianchi Real Estate

 

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Katie Enterline