Colorado Real Estate Companies

Denver will have hottest housing market in 2016

The housing market in the Denver metro area could become the hottest in the country this year, with some help from Aurora.

According to the latest prediction from Zillow, the Denver metro area will be No. 1 in 2016, outpacing Seattle and Dallas, which came in second and third in the prediction.

Zillow’s prediction for the top 10 markets this year are: Denver; Seattle; Dallas-Fort Worth; Richmond, Va.; Boise, Idaho; Ogden, Utah; Salt Lake City; Omaha, Neb.; Sacramento, Calif.; and Portland, Ore.

The five Denver metro neighborhoods predicted to see the biggest home value growth are found in Aurora.

Delmar Parkway: 9.1 percent forecast home value growth

Highline Villages: 8.7 percent forecast home value growth

Centretech: 8.6 percent forecast home value growth

Laredo Highline and City Center North: 8.5 percent forecast home value growth

North Aurora: 8.3 percent forecast home value growth

According to Zillow, the predictions looked at home value appreciation, low unemployment rates and strong income growth.

“I think a lot of the reason these (Aurora neighborhoods) have hit the top of the list is because they were affordable,” said Sunny Banka, chair of the Aurora Association of Realtors.

Banka said it’s hard to find affordable neighborhoods anywhere in the metro area these days, which means other areas have less potential for growth.

She said the neighborhoods are also poised to jump in popularity as Aurora connects to the new commuter rail corridor connecting downtown Denver to Denver International Airport.

“That is going to make that area all very accessible and there’s a lot of jobs in that area,” Banka said, referencing the CU Medical Research Campus and the VA Medical Center, poised to open in the near future.

Aurora home buyers say they’ve already been seeing the increased competition.

Rita Affleck said she is looking to relocate from her house in south Aurora. She knows her home will have no trouble selling, but she’s been looking for the right place to buy for the past year.

“I wish I would have known a year ago what I know today because, perhaps, I would have been able to offer a little bit more,” she said. “Right now there’s only four houses on the market that are within my budget.”

Colorado Real Estate Companies

360dwellings Real Estate
(303) 532-4742
"1624 Market St
Ste 202
Denver, CO 80202"
McClure & Associates Real Estate
(720) 984-1412
"9602 Ralston Rd
Arvada, CO 80004"
One Realty
(720) 940-9590
"2536 15th St
Denver, CO 80211"
Thrive Real Estate Group
(303) 946-1840
"201 Milwaukee St
Denver, CO 80206"
PorchLight Real Estate Group
(303) 733-5335
"838 Broadway
Denver, CO 80203"
Daphne Queen - 8z Real Estate
(303) 543-3083
"4041 Hanover Ave
Ste 200
Boulder, CO 80305"
Estey Realty Group
(303) 913-2357
"4875 Pearl East Cir
Boulder, CO 80301"
Wright Kingdom Real Estate
(303) 443-2240
"4875 Pearl East Cir Ste 100
Boulder, CO 80301"
HomeSpy Property Inspections, Inc.
(303) 978-1288
"34 Amaranth Drive
Littleton, CO 80127"
Bamboo Realty Denver
(303) 482-1693
Serving Denver and surrounding area Northwest, Lodo
Colorado Real Estate Pros
(970) 342-3568
"6407 Compton Rd
Fort Collins, CO 80525"
Windermere Real Estate
(970) 460-3033
"400 E Horsetooth Rd
Ste 100
Fort Collins, CO 80525"
The Group Inc Real Estate
(800) 310-0618
"2803 E Harmony Rd
Fort Collins, CO 80528"