Popular Rural Denver Real Estate Options

If you are looking to buy a home in the Denver area you should consider looking at some of the more rural areas located just up in the foothills.  They are growing in popularity for families or couples looking to retire. There is often more privacy and space for the kids to play outside and enjoy nature.  Depending on where you buy you may be able to get more bang for your buck in these rural areas.

Evergreen Colorado is a very desirable foothill mountain community that is considered rural. Homes for sale in Evergreen CO are going to be one of the more expensive areas on our list but definitely worth looking at.  Evergreen is located just 15 minutes West of Denver and has a population of approximately 41,000 people. It has a strong public and private school community as well as a variety of homeschool options.  If nature is what you crave then Evergreen delivers strong on this category.  Evergreen is abundant in open space parks like Elk Meadow Park, O’fallon Park, Alderfer Three Sisters Park to name a few. You can hike, mountain bike, picnic and horseback ride in many of these parks.  Evergreen Lake is situated adjacent to downtown and is the hub of many outdoor activities like fishing, canoeing, paddle boarding, as well as ice skating and ice hockey in the Winter.  The Summer Concert series is hosted there at the park and is always a lot of fun.   For less expensive Evergreen CO real estate options check out Kittredge.

homes for sale in Evergreen Co

Genesee which is part of Golden is located on I-70 but is adjacent to Evergreen.  Genesee is popular with professionals who commute to Denver for work but want to live in a rural, mountain area.  The homes there are part of a HOA and offer amenities such as a community pool, tennis courts and clubhouse. Most homes here are on city water and utilities.

Conifer is also a very popular rural foothill mountain community.  Homes for sale in Conifer CO are more  affordable and thus you can get a larger and nicer home for less money than Evergreen.  Visit this site http://denvermountainhomes.com/communities/conifer-homes-for-sale/ to see Conifer homes for sale. Conifer is located about 25 minutes West of Denver off of highway 285. Many homes here are located on tall mountains and have amazing views of Pikes Peak.

Bailey is a little further out but can be a great place to buy if you want land at a reasonable price. Bailey is located about 35 minutes West of Denver on highway 285 as is just West of Conifer.  Bailey is popular for horse ranches and ranch land. Bailey is going to be the most rural of the mountain communities that I have listed.

If you are looking to get out of the hustle and bustle of the city and buy a home in the mountains these are some great choices.  I encourage you to visit them as they can be a great alternative to the city. Some other advantages to them is it is cooler in the Summer months while Denver is in the 90’s, you can enjoy mid 70’s to low 80’s in the Mountains.  Many properties in this rural areas also qualify for 100% financing through a loan called USDA.

 

You Won’t Believe The Trend in Millennial Home Buying

Recent trends show Millennials are leaving the big cities and are headed to the country to buy a home. According to a National Association of Realtors report, home buyers under the age of 35 who bought in the city dropped from 21% to 17% in the past year. The report derived this trend by looking at housing data from July 2014 through June 2015.

The price of city homes are too high and thus is driving buyers to take a serious look at suburban residences that are for sale. More than 53% of Millennials said that saving for the down payment was the largest obstacle to buying a home. Many Millennials have college debt and that is also making it more challenging to buy a home thus reinforcing the trend of moving to the suburbs. Lower gas prices are also making it more affordable for Millennials to commute to work from the suburbs.

Denver CO Ranked #1 Best Place To Live

Denver, Colorado has ranks No. 1 on U.S. News & World Report’s list of the 2016 Best Places to Live.  This study took into consideration the job market, cost of living and education.  Austin, TX was the No. 2 pick on the list.  Denver really excelled in the quality of life score which launched it to the number one spot.

Denver has a very high quality of life for many reasons.  Denver is a major city with plenty of jobs, cultural centers, health care facilities and an established education system as well as an amazing outdoor open space park system  for residents to enjoy and stay healthy.  You also have major ski resorts in close proximity to Denver that also make for a major attraction.

Denver is ranked #3 for the hottest real estate market in the US. The average home price in Denver is $327,000 which is up 11% as of March, 2016 which is twice the national average. The Denver housing market has been very competitive with home owners receiving multiple offers on their home.  It is a sellers market to say the least.  One of the problems is so many people are relocating to Denver that the demand out ranks the supply.  Low mortgage rates are also contributing to the high demand for real estate.

Most of the pressure is felt by first time home buyers as well as lower income home buyers. Not only does rising home prices make it more difficult for them to afford a new home but the fact that they typically have less money to put down for a down payment makes their offer less attractive to home sellers.

Denver Metro has a 1.1 percent income growth, a very low 3.2 percent unemployment rate and strong home price appreciation put it first on Zillow’s “hottest housing markets” list for 2016.