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Old 07-20-2014, 05:56 PM
 
11,768 posts, read 10,301,485 times
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Denverites, I'm curious, is Denver property pricey? If so why? Is it simply a lack of housing supply? Increased demand? I was looking on Trulia and it seems that most housing is $300-$400K for an old 2000 sqft house, which isn't that bad, but Denver's population is only like 500/600K. The median price in Chicago is $30K less, but we have less space to move out and 2.2 million more people. What gives?

Inquiring minds want to know.

Thanks.
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Old 07-20-2014, 06:57 PM
 
Location: Denver and Boston
2,071 posts, read 2,223,051 times
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denver metro area population is 2.7 million. i dont know enough about chicago housing to make a comparison but would speculate average house in denver area is on a larger lot has more square feet is newer and is in a lower crime rate neighborhood
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Old 07-20-2014, 07:07 PM
 
Location: Denver
9,962 posts, read 18,557,346 times
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Denver is in high demand.
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Old 07-20-2014, 07:50 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,755 posts, read 30,046,979 times
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Default It depends

Lots of data at https://www.city-data.com/forum/denve...ta-charts.html

People from Memphis, Louisville and Omaha think prices are obscene in Denver.
People from San Francisco, NYC just laugh.
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Old 07-20-2014, 08:28 PM
 
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Quote:
Originally Posted by davebarnes View Post
Lots of data at https://www.city-data.com/forum/denve...ta-charts.html

People from Memphis, Louisville and Omaha think prices are obscene in Denver.
People from San Francisco, NYC just laugh.
So the prices are normal then? I wasn't expecting Denver to be so comparably priced to Chicago with such a small population.

Last edited by lycos679; 07-20-2014 at 09:15 PM..
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Old 07-20-2014, 08:30 PM
 
11,768 posts, read 10,301,485 times
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Quote:
Originally Posted by Robert5 View Post
denver metro area population is 2.7 million. i dont know enough about chicago housing to make a comparison but would speculate average house in denver area is on a larger lot has more square feet is newer and is in a lower crime rate neighborhood
Sure, but that is MSA. The Chicago MSA has 10 million people.
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Old 07-20-2014, 09:44 PM
 
Location: Saint Louis, MO
1,912 posts, read 4,707,092 times
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I'm from the Chicago area, lived in Denver for a bit over 2 years. Denver's not as affordable as you would think for a midsized city not on the coast (you're paying for the access to the mountains).
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Old 07-20-2014, 10:21 PM
 
Location: Littleton, CO
3,158 posts, read 6,153,070 times
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Quote:
Originally Posted by lycos679 View Post
So the prices are normal then? I wasn't expecting Denver to be so comparably priced to Chicago with such a small population.
First of all, price has everything to do with supply and demand and absolutely nothing to do with population size.

The average price in Vail is almost $600k, and its population is only 5,200 people.

Denver is perceived as a desirable city in which to live. Read the C-D board. People want to move here. Many are willing to make the move without a job, and they hope something will materialize.
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Old 07-20-2014, 10:29 PM
 
Location: Corona the I.E.
10,137 posts, read 17,558,170 times
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I never understood Wash Park's prices but as mentioned that's the free market at work.
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Old 07-20-2014, 10:36 PM
 
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High household incomes play a part in it too, Denver is around 11th highest by MSA. Lots of educated people in the area making for higher paying jobs on average.
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