Denver Real Estate Investments
I was reading blogs from around the real estate industry recently to find out where the market might be doing relatively better.
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I found this Denver real estate blog that said that prices there have gone up every month since March. That was enough for me to call the author, Denver Realtor Larry Hotz, and ask him what was going on there.
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“Spring and summer were really strong here in the better neighborhoods”, Larry Hotz. ” Of course, we have our foreclosure neighborhoods too where prices have gone down. But, my firm The Kentwood Company sells mainly luxury homes and our sales volume is up as well as average prices year-to-date.”
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Larry said showings and sales of his listings have slowed down since Labor Day. But, there are no reliable statistics to show exactly how much yet.He believes sales will be softer but prices will be about flat though the rest of 2007. The Denver economy and employment continue to be strong supporting home prices. Over the summer Boeing and several other companies moved employees into Denver. Boeing moved over 600 employees from Huntington Beach, California to Littleton, a Denver suburb. If the Denver real estate trend continues, Larry believes the city might escape the lower prices of homes in other markets.
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So, California looses 600 jobs to Denver. California prices are lower. Denver, at least so far, is about stable.
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