Rent Real EstateEnglewood, Colorado, Homes Are Appreciating Despite Buyer"s Market
Considered one of the most desirable of Denver areas, Englewood, Colorado, is poised for growth, despite its continuing buyer"s market.
"Englewood has an old town feel to it," says Realtor Bud Herzog, "nestled between Denver and Littleton, this 70 year-old neighborhood just oozes charm."
Herzog warns, "Don"t let anyone out there fool you, it is a buyer"s market. Heck, I heard a builder on the radio today offering $40,000 in incentives at zero down. What does that tell you? Yet, summer is here now, prices are holding steady, rates are at a 30-year low, and everything looks better in the summer. Now is a great time to buy a home. If you"re thinking of upgrading, now"s the time to have a garage sale, clear out the clutter, add some pizazz to your palace, and get it ready for sale. Plan your landscaping and home improvement projects now, you"ll have plenty of daylight to complete them."
Says Realtor Elizabeth Cernich, "Englewood is quickly becoming a desirable area due to its location to Denver University and Swedish Hospital. The homes in this area have the "Old Denver" charm and were usually built in the 1950s into the 1960s depending on which part of Englewood you are looking. Currently there is a total of 38 properties active or under contract in the Englewood or Denver Southeast area. Properties are selling within 3-6 months on average. If you are looking for a home with charm and nostalgia, but still within a decent price range, this is a great place to start."
Agrees Realtor Mack Durbin, "A suburb of Denver, Englewood contains homes in all price ranges. May sold prices crashed back down to earth with 145 total sales averaging $289,971. It took an average of 59 days for those homes to sell. That is a decrease of 19 days on the market from April. The number of homes new on the market stayed steady at 284 with an average price of just over $454,000. Overall, the market is very steady with an increase in property values of 2 percent annually. In other parts of the metro area, prices are actually decreasing, while foreclosures are up."
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