Are you thinking about buying a house in Colorado in 2018?
The housing market has already been booming in the Centennial State for years, but the outlook still looks rosy for 2018. Many regional real estate experts expect home sales to continue to grow in the year ahead as buyers look to lock up new purchases before higher mortgage and interest rates start to impact the affordability of buying a home in 2019 and beyond.
With demand still going strong, and home prices remaining high in many of the most sought after places in Colorado, where can the budget-conscious buyer find value?
Don’t worry. There are still some fabulous neighborhoods that offer the idyllic backdrop for your dream home without requiring you to exceed a reasonable budget.
Here are my picks for the top neighborhoods 2018 Colorado home buyers should watch in 2018.
Buying a House in Colorado 2018 – Top 2 Neighborhoods
#2 – Olde Town / Alta Vista, Arvada CO
What metro Denver neighborhood is going to blow up next? That’s a question that Colorado real estate agents hear virtually every day.
For a while now, two connected neighborhoods in the northwestern Denver suburb of Arvada have been a popular answer to that question: Olde Town and Alta Vista.
People really started taking notice of Olde Town back in 2015. Since then it’s stature has continued to grow. If you’ve never been, it’s definitely worth a visit. The neighborhood features tons of great restaurants, breweries, local shops, and more. With light rail line now connecting Olde Town with downtown Denver, the area is primed for even more growth.
Alta Vista is located just north of Olde Town. This neighborhood is known for its “mid century modern” architecture and affordable home prices. It’s benefiting from the explosion happening in Olde Town, but Alta Vista also has its own unique advantages:
- Located right next to one of the nicest parks in metro Denver — Ralston-Central Park
- Closer to I-70 for easy access to Denver and the Rocky Mountains
- Lower home prices (typically in the $200,000 to $350,000 range)
#1 – Green Mountain, Lakewood, CO
Green Mountain may be a small neighborhood, but it is home to three of West Metro Denver’s highest rated schools — Green Mountain High School, Dunstan Middle School, and Foothills Elementary. This alone should make it the top location for Colorado home shoppers with growing families.
It’s located on the western edge of Lakewood, Colorado, near Red Rocks Amphitheater and Golden, CO, and only a 20 minute drive west of downtown Denver.
If you’re browsing houses for sale in this area, you should expect to find a lot of single-family homes in the $350,000 to $500,000 price range (with a few townhomes, duplexes, and pricier estates mixed in).
Considering all you get from living in Green Mountain, those home prices represent a tremendous value.
In addition to top rated schools, the neighborhood is also known for its active community association (Green Mountain Community Association), tight knit neighbors, incredible views of downtown Denver and Rocky Mountain Foothills, quick access to outdoor activities like hiking and biking.
Green Mountain has so much going for it that many have already dubbed it the “next Washington Park,” or the “next Stapleton,” referring to two other idyllic metro Denver neighborhoods with real estate markets that already fully blossomed.
Get Personalized Advice on Neighborhoods
The neighborhoods mentioned above are going to be a great fit for many people interested in buying a house in Colorado in 2018, but that doesn’t mean they’re the perfect fit for you.
I’d like to learn more about what’s on your list of priorities for a 2018 home search. Whether it’s low home prices, great schools, nightlife activities, tight knit communities, or something else, I can help you find a neighborhood in west metro Denver that fits your needs.
Call me at 720-626-9747, send an email to CarlaKnightHomes@gmail.com, or contact me online for personalized advice on finding a dream home in 2018!