Colorado Real Estate

Welcome to Colorado real estate, fast becoming one of the least affordable states in America. Just a few short years ago, Colorado real estate's crumpled real estate market was the talk of the nation. Looking for a bargain? Then look no farther than Colorado real estate, where properties are selling for pennies on the dollar.

The message was heard, loud and clear, and produced the desired results. Homeowners and investors from the East and West coasts and everywhere else packed up and cashed in on the Colorado real estate bargain. The Colorado real estate market came back to life. But people tended to forget a basic tenet of cyclical economies: What goes way down, will, in all likelihood, come way back up. Heavy demand from investors and migrants to Colorado real estate pushed prices higher, until last year both commercial and residential properties were appreciating at one of the fastest clips in the nation.

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Colorado Real Estate

Some analysts see the rise of Denver's and Colorado real estate markets as a sign of economic maturation. We're no longer afflicted by the volatility of an economy based on natural resources Denver is benefitting from a diversification of our economic base that we have never before experienced," said Brad, president of Colorado commercial real estate brokerage. But the new-found blessing of diversity also can create problems in establishing business plans for Colorado real estate development and investment, Calbert said. The difficulty of predicting the future of Colorado real estate's sector became apparent in 1994 with an about-face in the outlook for in-migration and population growth.

Economists initially had predicted that migration into the state would slow in 1995 and subsequent years, taking the steam out of the hot Colorado real estate market and keeping a lid on price increases. State officials now believe that Colorado real estate's population will soar to 5.05 million in 2020, a 38 percent increase from 1994's total of 3.66 million. 1995 should bring continued strength in commercial Colorado real estate and a slight slowdown in the residential market. "I think the Colorado real estate community feels pretty good about the prospects for 1995," said Charles. "It may not be the heated affair we saw in 1993 and the first half of 1994, but it should be a good market."

Colorado Real Estate: Article by Denverpost.com, January 15, 1995.

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