Denver Home Market Heating Up!

As many press reports have stated, the Denver market seems to be ready for a recovery before much of the nation. As an active realtor in the field, I certainly agree and am finding that buyers under 200K are often running into multiple offer situations and having to "pay up" for properties. This is how our boom got started in the mid 90's and if Denver can create some more job opportunities, I see this market taking off just like it did then. Most foreclosures we see under 200K are now priced about 10-20K higher than they were last year. It will take some time for the mid and higher ranges to get going but it will happen, and everyone who knows Denver would agree that when the wind changes it will change quick. With rates low and these prices still attractive, the time is now!