As metro housing prices continue to rise, the suburban areas surrounding Denver are becoming more popular, especially if those areas offer more city amenities and provide public transportation or easy access to the highway.
Suburban areas with mature landscape and trees are attracting young professionals ready to put down roots and raise a family, says Esperanza Wardrope, real estate agent for West+Main.
Neighborhoods such as Hutchinson Heights and Aurora Knolls, with its many parks and outdoor opportunities, attract young professionals and young families.
“The dense suburban feel is an important reason why people reach out and keep moving east,” Warrup says.
Frieda Riggs, real estate agent for 8z, agrees.
“These old, established neighborhoods are becoming a big attraction,” she says.
Homes in Hutchinson Heights and Aurora Knolls are located along green space and offer a new central recreation center, biking or walking trails. The open space attracts people with dogs and small children.
The area also has about 40 restaurants, bars or cafes within walking distance. With four bus lines, the area also provides public transportation, so residents don’t always have to use their cars to commute.
House prices range from $400,000 to $700,000 and apartments range from $250,000 to $400,000, so prices in this area are more affordable than in some other urban areas.
Many of the houses were built in the 1970s and 80s, and some are in need of minor repairs and updates.
Like the rest of the metro, homes usually sell quickly and stay on the market for less than a week.
“With limited inventory, what’s available gets used up quickly,” says Wardroup.
She also sees some new buyers snapping up properties to build new, bigger homes.
Who is moving?
With easy access to the E-470 corridor, homes in the area are attracting young professionals.
Riggs says original homeowners who are moving or downsizing are now selling many homes on the market.
“So you see a lot of young families and millennials moving here,” she says. “They want some space, and a lot of people like yards with mature trees.”
Established neighborhoods are desirable because they offer a mix of homes that don’t all look the same, she adds.
“These houses have craftsmanship. They were built differently and there is more soul in the house,” she says.
The Denver Post news and editors were not involved in the preparation of this post.