A report came out from MoneyWise showing the top 20 big cities that people are leaving, in droves. Denver, CO is 5th on the list.
- San Francisco
- New York City
- Los Angeles
- Washington DC
MoneyWise stated: "Housing costs in the Denver metro area are rising faster than people’s wages.
More luxury homes are popping up every day, which is driving up housing values across Denver. Redfin says the metro's median list price for homes has topped $400,000.
Denver residents are looking to migrate to nearby cities like Colorado Springs and Fort Collins, where homes are listing for a median of $305,000. Denverites are searching in Seattle, too.
Colorado Springs housing prices are not going to go down anytime soon. The demand for homes remains. Recent reports show single family residents increasing at a rate, on average, of 8% a year; Townhomes and Condo's at a little lower rate, but still increasing."
Are you wanting to get in on the market but just not sure when to jump? Steel Team Properites would suggest now is better than later. Waiting another year will warrant a higher purchase price.
We partner with Lenders that do an amazing job of determining if you are ready to take that step and are experts at finding just the right lending package. If you are interested in testing the waters, give us a call and we will help you determine your next steps.
Call Steel Team Properties today! 719-452-4323