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Wednesday, February 4, 2009
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.
Three types of Denver condominiums are available to buyers. There is condo lofts for students or for those who are single. There is also luxury condos which cater to high income and high net worth individuals or executives who want to live within walking distance of work. In Denver there is abundance of vacation condo rentals because Denver is known for skiing and skiers want to enjoy comfort of home.
If you are looking for a place to live, Denver Colorado offers value and convenience. With recent recession and decrease in price of condo, it make perfect time to look for one to purchase or to invest. The market will rebound in 2009 or in 2010, you don't want to miss this opportunity. Whatever your budget or need, there is one that fits your criteria.
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.
Three types of Denver condominiums are available to buyers. There is condo lofts for students or for those who are single. There is also luxury condos which cater to high income and high net worth individuals or executives who want to live within walking distance of work. In Denver there is abundance of vacation condo rentals because Denver is known for skiing and skiers want to enjoy comfort of home.
If you are looking for a place to live, Denver Colorado offers value and convenience. With recent recession and decrease in price of condo, it make perfect time to look for one to purchase or to invest. The market will rebound in 2009 or in 2010, you don't want to miss this opportunity. Whatever your budget or need, there is one that fits your criteria.
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.
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Thinking about buying Denver condominiums, please review Denver Condominiums, and Denver Condominiums
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