Finding a strong market to invest in starts with identifying the population, job growth, and economic impact of a given region. Below is a video presentation that outlines long term data in support of the Denver, Colorado real estate market. If you are interested in receiving further information or investment advice regarding this market, please contact us today and one of our professional investment counselors will follow up with you as soon as possible.
The City and County of Denver is the capital and the most populous city of the state of Colorado, in the United States. Denver is nicknamed the Mile-High City because its official elevation is exactly one mile, or 5,280 feet above sea level. The 105th meridian west of Greenwich passes through Union Station, making it the reference point for the Mountain Time Zone.
Denver is a perfect storm of opportunity, as a progressive city that is a nexus for culture & recreation, with a growing population and economy. With investments pouring into infrastructure, natural gas and bioscience, Denver has many of the fundamental that drive attractive investments. The city is showing signs of a natural real estate cycle that may signal gains in the near future.
Denver was the location of the 2008 Democratic National Convention where Barack Obama was nominated as the party presidential candidate. This brought the city into the national spotlight, and has made more people aware of its natural beauty.
Denver has a very active pop, jazz, jam, folk, and classical music scene, which has nurtured several artists and genres to regional, national, and even international attention. With 300 days of sunshine per year, Denver is rated the 2nd best place to live by Sperling in 2007.
Denver is home to a variety of sports teams and belongs to a select group of U.S. cities with teams from four major sports. Denver is also one of only 3 cities in the nation that has a team representing all 8 of the major sports leagues in the US, joining Chicago and New York.
Vail and Breck are both within 1.5 hours of Denver, giving the city access to year round recreation and entertainment.
Denver is home to many nationally recognized museums, including a new wing for the Denver Art Museum by world-renowned architect Daniel Libeskind, the second largest Performing arts center in the nation.
Forbes Magazine rated Denver the fifth best state for business in 2007, and the Denver bio-science park has $1.8B committed through 2010, with $2.8B committed afterward. This is particularly important in the current environment of companies fleeing from states that are unfriendly to business for more attractive locations.
Denver International Airport is the nation’s 4th busiest airport, and is also rated the world’s best airport based on a 2007 passenger survey. This makes Denver an inland nexus for travel, because of its central geographic location, and highly efficient airport. Denver is also approximately halfway between the large cities of the Midwest like Chicago and St. Louis and the cities of the West Coast, another benefit for distribution.
Denver has begun a $4.7 billion transportation initiative for a modern highway and light rail infrastructure that is a part of the strategy to make the Station Area of Denver a hub of transportation for the city.
The real estate market in Denver is heating up. The inventory of unsold homes recently experienced the largest percentage drop in five years. This is seen by many as an indicator of future stability and appreciation.
The city of Denver added 45,000 jobs in 2007, and its 2.0% employment growth was the 9th best in the nation.
Denver is in the midst of what may prove to be a window of opportunity. Typical real estate cycles last around eight years, and the Denver real estate market started to level off in 2001. If Denver experiences similar movements as other markets, it may be at the end of another eight year cycle, and ready for future appreciation
The high cost of living and difficult business environments on the coasts and upper Midwest is causing many people to look at Denver as a friendly place to live. Net migration away from the coasts and upper Midwest, toward the southeast and mountain states is benefiting Denver as people and business move toward more business friendly climates.
Unemployment in Denver is lower than the national average, while job creation is stronger. Since Denver did not experience the huge run-up in prices that other markets experienced, it has not experienced the same disruption as many other market. Denver is expected to escape the job losses of a recession because of its highly educated work force.
There are many beautiful homes available in Denver at prices that highly attractive, in consideration of Denver’s many natural economic advantages and the inflated prices on the coasts that many people are migrating away from.
In keeping with the Platinum strategy for investment, we are seeking opportunities to invest in recently built houses that are outside of the urban area in Denver.
With its progressive light rail and station area, Denver is creating a mass transit community that will not be confined to cars for their transportation. By building an efficient transportation hub within the city, urban citizens can travel to multiple destinations in a short period of time.
An example of the exclusive offers available to Platinum customers is a brand new home that is a model leaseback by the developer. This property includes a price reduction, paid closing costs, and an interest rate buy down with property management available. Platinum is able to secure these opportunities because of its relationship with developers and its broad reach across multiple investment markets.
With new retail space being constructed in the Denver area, there are many things to attract tenants toward our targeted investment areas. With appealing architecture and contemporary shopping available, Denver brings many of the conveniences typically associated with larger cities to the fingertips of your tenants.
At Platinum Properties Investor Network, we recognize that the most important feedback we receive is from our customers. Many of our customers have been very pleased with the Denver market and with the experience of buying through Platinum. We believe that this is because of our insistence on creating the complete solution for real estate investment. This begins with education, continues with your investment counselor and concludes when you purchase an investment property and contract with high-quality property management that has been screened and recommended by our network. Since investing is a continual process, we have structured our network to make repeating the process of real estate investing as easy and straightforward as possible.