Denver Residential Real Estate 2015 Year-End Market Report
Liv Sotheby’s International Realty 2015 Year-End Market Report:
Metropolitan Denver experienced another exceptional rise in property values. One interesting aspect of the data was the sharp rise in the value of attached properties. However, detached homes also realized an impressive increase in value.
There are many factors that have contributed to the rise in metro Denver home values, but the most prominent contributors appear to be an increase in population, otherwise referred to as “net migration.” However, high demand and low inventories of homes remains the primary reason for the rise in residential housing values.
Most forecasts for 2016 home values predict that this trend will continue. The prevailing belief is that 2016 home values will continue to increase, but they will increase at a bit of a decreasing rate from the previous year.
Please read the Liv Sotheby’s International Realty market report by clicking on the following image:
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