This home in Eagle Ranch is listed by Slifer Smith & Frampton Real Estate and priced at just less than $1.1 million. The home is currently under contract to a local buyer, but an increase in home prices is altering the valley’s traditional buyer profiles.
Special to the Daily
Eagle County’s torrid real estate market continued into February of this year. As inventory shrinks and prices rise, buyer demographics are evolving.
Prices in places have increased dramatically from 2020 to this year. In Eagle, the average single-family home price increased 45% from early 2020. In Gypsum, multi-family units increased a similar amount, 30%.
Eagle-based broker Rick Beveridge, owner of Beveridge Real Estate, said homes in the western part of the valley continue to sell quickly.
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Which Denver neighborhoods got hot in 2020?
Courtesy of MLS)
It’s no secret that Denver’s housing market had one of its most competitive years in 2020. Home prices skyrocketed, thanks to low interest rates and inventory.
But what neighborhoods truly had a breakthrough in 2020?
Places like Wash Park and Cherry Creek have been scorching hot for decades. But a new report compiled by Land Title Guarantee Co. provides some insights on the neighborhoods where the housing market was most different last year than 2019.
Landing in the top five were a couple of transitioning neighborhoods that offer a relatively affordable price point without getting too far from downtown, as well as a handful of traditional residential enclaves that lack the name brand of Denver’s ritzier neighborhoods: