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Don Preisser

Denver, CO
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8 Reason to move to Colorado
1. The Downhill Skiing

If you’re a skier, Colorado is a powder-lovers dream. With 54 peaks and over 4,200 meters of ski terrain, you have many options to choose from for a ski weekend. Top-rated ski towns include Aspen, Vail, Breckenridge and Telluride, just to name a few. Even if you don’t dare strap on a pair of skis, there are still plenty of great restaurants and bars to frequent in each ski town, not to mention many fireplaces to cozy up to.

2. The City Living

In Colorado you can be at one with nature one minute and experience big city living the next minute. The “big city” most folks associate Colorado with is Denver, the Mile-High City, however Boulder is a close second and was ranked the 5th best place to live on Livability’s 2016 list of 100 Best Places to Live.

3. The Delicious Craft Beer

More than 10 percent of the nation’s craft breweries can be found in Colorado, that equates to nearly 230 established breweries, not too shabby. These breweries consist of popular brands including New Belgium Brewing Company, Great Divide Brewing and Breckenridge Brewery, to name a few. Interested in trying a few? Check out the famous “Great American Beer Festival,” which features 400 craft brewers and 1,800 different brews.

Economic diversity and easy access to the great outdoors make these cities among the most attractive places to live in Colorado

4. The Wildlife

When you move to Colorado the opportunity to spot a moose, elk or bald eagle in your lifetime significantly increases. The wildlife watching opportunities in Colorado are plentiful, with many wildlife viewing and refuges to choose from across the state.

5. The Weather

When you think of Colorado, you might think freezing temperatures, piles of snow and ski jackets, but there’s also a lot of Vitamin D to soak up! Take Denver for example, the city averages more than 3,000 hours of sunshine per year and during the winter months’ temperature highs can reach up to 75 degrees.

6. The Adventures

If you’re an adventure seeker, you should move to Colorado immediately. Besides the endless opportunities for hitting the slopes, you can also raise your blood pressure by participating in white water rafting, cross-country mountain biking, hiking and hot air ballooning.

Don't let Denver's shiny skyline fool you: Colorado is still the Wild West at heart. Here's how to experience it for yourself.

7. The Health & Wellness

The seemingly never ending opportunities to bike, ski, run and walk, not to mention the ongoing sunshine, make Colorado a perfect place to live if you’re looking to lose a few pounds or live a healthier life all together. This state has the lowest adult obesity rate of all 50 states.

8. The Mary Jane

It’s no secret that Colorado is officially the first state in the nation to open recreational marijuana stores to the public. In fact, people have been flocking to the state since legalizing the drug in 2014 and the real estate market is growing quickly.

What is in store for the Colorado housing market in 2019?

Real estate investors are searching for the best places to buy and invest in properties in 2019. Is Colorado one of these places? Some people think Colorado is in an isolated bubble. However, we can’t ignore the fact that Denver, CO made it in the PwC’s Emerging Trends in Real Estate Report as one of the top 10 housing markets to watch in 2019! This should be a positive indicator of real estate in the state of Colorado.

Related: 10 Best Places to Invest in Real Estate in 2019

In this blog post, we study the different trends affecting the Colorado housing market to see if it truly has the potential to offer profitable investment opportunities. This will help property investors understand what makes a Colorado rental property a good investment in 2019. Furthermore, we list the top 10 cities in the state to consider if you’re looking to buy traditional or Airbnb rental properties. Let’s get started.

Economic and Population Growth Trends

For long-time residents in the Colorado housing market, it’s not really a surprise that the state is the seventh fastest growing in the country. It’s been a hidden gem for a long time, but there has been a massive spike in newcomers in recent years. The Centennial state grew by nearly 80,000 people last year, which is a population growth of 1.4%. This outperformed the national average of 0.6% according to the U.S. Census Bureau. Once a primarily rural state, Colorado is now rapidly urbanizing.

Furthermore, the last few years have been very impressive in terms of economic growth for Colorado. The economy in Colorado grew 4.5% year-over-year in Q1 2018 according to the Bureau of Economic Analysis (BEA). In addition, the state added about 72,200 jobs last year (year-over-year growth of 2.7%). As of June 2018, the unemployment rate in Colorado is 2.7%, much lower than the national average of 4%!

Not surprisingly, these factors helped Colorado rank in the top 10 states in America where you are most likely to land your dream job. With a booming population and strong economy, it’s expected that the Colorado housing market 2019 will remain a good place for real estate investors.

Interested in finding an investment property in Colorado? Use our Property Finder to find lucrative investment properties that match your criteria in a matter of minutes!

Home Prices and Values Continue to Climb

Experts say builders “went to town” in Colorado after the Great Recession by building a lot of homes. That pace, however, is now slowing down. Because there are fewer new homes for sale across the state, prices have started and will continue to go up. The Colorado housing market also has been deeply impacted by the increased cost of living as well as the rising mortgage interest rates across the US. According to Mashvisor’s data and analytics, the median price of Colorado homes for sale is $547,100 ($697 median price/square foot).

Related: House Price Trends to Expect in the US Real Estate Market 2019

As for property values, the median is $374,100 according to Zillow’s data. This is a 6.6% increase over the past year and Zillow predicts they will rise 4.5% in 2019. For real estate investors, these numbers indicate Colorado is enjoying substantial real estate appreciation. For homebuyers, on the other hand, this shows that it has become unaffordable for many to buy a house in the Colorado housing market. This leads us to the next market trends that Colorado real estate investors should know.

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Don Preisser, Realtor®
Colorado Luxury Homes Real Estate LLC
Highgarden Real Estate

13648 Orchard Parkway Suite 500
Westminster, CO 80023
Phone: 303-875-9292

See What My Clients Have to Say....

"We purchased our home in a very high sellers' market -  multiple offers were being placed on homes, getting higher than asking price.  The first home Don showed us was my "dream home", but even though we made a great offer, the sellers accepted a full cash offer with no inspection, and so we moved   forward.  Don showed us many homes and he had to do several offers, finally landing a home that we liked.  Through the inspection some major issues were found. Literally while we were at the inspection, Don found out the cash buyers on our "dream home" backed out that day, just before closing.  He helped us get out of our current contract and although we wanted to offer more on the dream home than Don felt we should, we listened to him.  He was right, and our offer was accepted!  I couldn't be more happy in Don's knowledge, quick response and keeping our best interest at heart, that we now have "Our Dream Home".  He did such a great job, we will probably never need his services again, but I would highly recommend him to anyone looking!" lana344
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