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    Where Should You Buy a Home in the Denver CO Real Estate Market?
    by Jim Lux


    If you've been watching the Denver CO real estate market, you probably are already aware that home sales declined just over three percent in November from last year. While no one looking to sell a home likes to see a decline in overall sales, this decline is hitting different areas of the Denver CO real estate market more so than others. Knowing which areas of Denver are hotter than others will help you immensely in selling or buying your new home.

    First, a look at the numbers. This decline is pretty modest compared to some of the market corrections being experienced in real estate markets like California and Las Vegas. The decline in sales includes both condos and single family homes. If you look at the numbers for each specific demographic, you'll see that condominium sales have declined nearly 15% while prices on single family homes have actually increased slightly from last year at this time.

    If you look at a map of Denver, take note of the south-east corner of the city. This area has typically seen fancier, higher priced homes over the years. And these homes have experienced less drop in prices than the market taken as a whole. In addition, the south-eastern suburbs have experienced less dramatic decreases in prices. The Cherry Creek school district saw a marked increase in the number of homes under contract from October's numbers.

    Make sure you work with your realtor to determine which neighborhoods in the Denver CO real estate market are still competitive and attractive. The time you spend researching the more lucrative areas of Denver will pay you back ten times in your investment over the years.

    Jim Lux is just one member of the LUX Team of realtors, based in Denver, Colorado. While Jim carries the designations of GRI, (Graduate of the Real Estate Institute), and CRS, (Certified Residential Specialist) and only 4% of real estate agents nationally hold the CRS designation, everyone on TheLUXTeam provides the same level of professionalism and committment to each of their clients.

    Jim and the LUX Team continually focus on real estate education to ensure that they are operating within the ever-changing guidelines and standards of the industry. In addition to being a full time Realtor®, Jim is responsible for the Internet marketing and web site development for The LUX Team and holds the designation of e-PRO (Internet Professional).

    Jim's interest outside of real estate includes his grandchildren, travel and music (Jim was a professional musician in addition to his career for years).

    Visit their website at http://www.realestatemetrodenver.com to learn more tools to help you buy and sell your home in the Denver real estate market without losing money.

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