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Appreciation in Colorado
- Some pockets of Denver had over 10% appreciation while others had 0%
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Colorado has three geological divisions to real estate that all have very different characteristics:
1. the arid eastern plains,
2. the “Western Slope” and
3. “Front Range” along the foothill of the mountains which includes about 90% of the state’s population, and the mountain towns. |
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Prices and types of properties vary greatly between the three.
- Median price of homes in 2004 in Logan County was $95,833 while in Telluride it was $1.25 million
- The number of units sold in Glenwood Springs was up almost 28%, sales in the city of Pueblo were down over 3%.
- Areas like Boulder have negative cash flow on nearly every property, but eastern plain counties have positive cash flow on nearly every property even with 100% financing |
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