The Denver Post and other media are reporting that Denver home and condo values are rising.
The latest comes this morning:
Values are up by 6.5% in Denver, according to RadarLogic’s January 2010 RPX Monthly Housing
Market Report.
But you’re thinking: ”Has my home gone up in value by 6.5%?”
The short answer: Location, location, location.
Longer answer: We’ve seen prices decline and stabilize in most areas.
The areas where increases are happening are most likely those where there have been a lot of foreclosures in the past two years – and those areas are coming out of the bottom of the market.
Those areas are most likely to be in: Aurora, Castle Rock and Northern suburbs like Thornton, Northglenn, etc.
Also, the tax credits for both first-time home buyers AND existing home owners are nearing their end. It’s pushing-up sales prices right now. Those tax credits end on April 30th.
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