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Denver Real Estate has survived the general market downslide over the past few years and has been able to maintain a rather stable market. You will find that the Denver real estate market has been able to maintain a steady course for several reasons. One of the reasons is because the average home value has been able to stay about $292,000. Due to this the Denver real estate market is desirable by many investors and home buyers. The city houses fascinating mountain views and many outdoor activities with 550,000 residents even though it is literally a mile high at 5,280 feet.

There are many activities that residents enjoy participating in such as the Denver Center for the Performing Arts. Surprisingly the arts center is the second largest in the United States. Another well known attraction is the Red Rocks Amphitheatre which has been carved from red boulders.

Renters and home owners are split amongst the population almost 50/50. In Denver you will find that single family detached homes account for about half of all of the homes. Another almost 40% are complexes or high rise apartments. The fact is that the Denver real estate market leans towards single family homes.

The sizes of homes in Denver range greatly from no bedrooms to 5 or more bedrooms. However the majority of homes are 2 bedroom homes, at about 32%, with 1 bedroom homes, at about 25%, and 3 bedroom homes, at about 23%, close behind.

The Denver real estate market is also geared towards its historic past. Homes built after’95 are only 5% of the total homes in the area. Amazingly enough almost half, 42%, of the homes in Denver were built between’40 and’69. Another 25% of the Denver real estate are considered historic and were built before’39.

Over half of the Denver real estate market falls between a home value range of $155,000 and $311,000. In addition you will find that’% of homes fall between $311,000 and $467,000 for home values. These two ranges alone account for more than 2/3 of the homes in Denver.

Condominiums are another large part of Denver living that have a huge part in the real estate market. The condos are often preferred over homes as they have several advantages over home owners. Luxurious condos exist near downtown Denver which give residents a luxurious place to live while still being close to downtown.

Most of the houses in Denver fall between $155,000 and $467,000 which allows for consumers with almost any budget to find a house. Another important fact is that the median size of homes is 1,254 square feet. This averages out to about $180-$200 per square foot for a home. The Denver Real Estate market is currently a buyer’s market and thus why it has become so popular and has been able to be healthier than other real estate markets.

Rodolfo Canon is a top Denver realtor with the Canon Colorado Team who are frequently quoted by the Denver Media as Denver real estate experts. Rodolfo can help you get the Denver real estate that you’re looking for. Get in touch today by visiting them at Denver Real Estate or Denver Homes for Sale!