U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-12-2018, 11:19 AM
Status: "Celebrating 30 years as a Broker" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,883 posts, read 29,313,834 times
Reputation: 7085

Advertisements

I was first licensed here in 1989. Average Days on Market (DOM) was 9 months. The average sales price was $82,000.

By 1995 the average price per square foot went over $100.
Reply With Quote Quick reply to this message

 
Old 04-12-2018, 11:24 AM
 
1,788 posts, read 1,125,639 times
Reputation: 1110
Quote:
Originally Posted by 2bindenver View Post
I was first licensed here in 1989. Average Days on Market (DOM) was 9 months. The average sales price was $82,000.

By 1995 the average price per square foot went over $100.
Interesting. Denver is "Wall Street of the West" for energy as a hub. I believe a similar thing happened in 1990 with the massive defense industry layoffs in Los Angeles.
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 11:27 AM
Status: "Celebrating 30 years as a Broker" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,883 posts, read 29,313,834 times
Reputation: 7085
Quote:
Originally Posted by N610DL View Post
Interesting. Denver is "Wall Street of the West" for energy as a hub. I believe a similar thing happened in 1990 with the massive defense industry layoffs in Los Angeles.
It was not the defense industry. Denver was a "one horse" town - oil & gas. Most those people were recalled to Texas.
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 12:19 PM
 
Location: The Berk in Denver, CO USA
13,949 posts, read 20,201,871 times
Reputation: 22575
Quote:
Originally Posted by N610DL View Post
Interesting. How bad was it in 1990?
Data
Case-Shiller for Denver-Aurora-Broomfield CO Metropolitan Statistical Area
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 02:44 PM
Status: "Celebrating 30 years as a Broker" (set 20 days ago)
 
Location: Just south of Denver since 1989
10,883 posts, read 29,313,834 times
Reputation: 7085
I am pretty sure Broomfield wasn't a County then.
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 02:49 PM
 
Location: Foot of the Rockies
86,886 posts, read 102,301,239 times
Reputation: 32946
Quote:
Originally Posted by 2bindenver View Post
I am pretty sure Broomfield wasn't a County then.
You are correct. That happened in 2001.
https://en.wikipedia.org/wiki/Broomfield,_Colorado
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 02:50 PM
 
Location: USA
16,824 posts, read 8,665,100 times
Reputation: 12696
Quote:
Originally Posted by 2bindenver View Post
It was not the defense industry. Denver was a "one horse" town - oil & gas. Most those people were recalled to Texas.
What is driving the current Denver housing boom? I would assume it is the job market? Which industry/industries are leading the way? The house that I had in Lone Tree has doubled in value in eight years or so.
Reply With Quote Quick reply to this message
 
Old 04-12-2018, 11:06 PM
 
Location: Denver
1,303 posts, read 430,557 times
Reputation: 1239
Quote:
Originally Posted by Pilot1 View Post
What is driving the current Denver housing boom? I would assume it is the job market? Which industry/industries are leading the way? The house that I had in Lone Tree has doubled in value in eight years or so.
A lot of tech AFAIK.

But what's driving the current boom? Probably now that Seattle/SFO/LA have become too expensive for most to live, Denver is the next best if you're into the outdoorsy lifestyle. There's Portland, but their economy isn't nearly as good as Denver's. Neither is SLC's economy (which would rival Denver as far of quality of life, if it had less religious influence and more jobs).
Reply With Quote Quick reply to this message
 
Old 04-13-2018, 09:04 AM
 
Location: USA
16,824 posts, read 8,665,100 times
Reputation: 12696
Quote:
Originally Posted by illinoisphotographer View Post
A lot of tech AFAIK.

But what's driving the current boom? Probably now that Seattle/SFO/LA have become too expensive for most to live, Denver is the next best if you're into the outdoorsy lifestyle. There's Portland, but their economy isn't nearly as good as Denver's. Neither is SLC's economy (which would rival Denver as far of quality of life, if it had less religious influence and more jobs).
Thanks, I kind of thought that. When I lived in the Denver area I was a consultant/contractor to a large IT company (in a not IT capacity). Denver has always been a boom, and bust town due to the reliance on the Energy sector in the past. I miss the mountains, but will check out Cheyenne instead of the Front Range if I move back, mostly for the COL.
Reply With Quote Quick reply to this message
 
Old 04-13-2018, 09:11 AM
 
538 posts, read 254,494 times
Reputation: 405
Quote:
Originally Posted by N610DL View Post
Interesting. How bad was it in 1990?
i was participating at a real estate meetup group. The group felt the recent 2007 "Great Recession" was worse. They felt the opportunity to buy 2005-2012 was HUGE and a once in a life time opportunity. The group felt delay buying real estate because no matter where you buy its all played out.
what ever.
The 1990's recession felt different:
Lots of the small banks failed. A whole type of banking became gone; the "Savings Bank". I remember seeing boarded up windows from delayed maintenance, on down town Denver high rise buildings. The 1990's recession in my opinion was due to OPEC's trying to crush western economies? Later as it be, the goofy George Bush avenged his fathers legacy and re attacked the middle east. This put in power oil friendly countries and in turn stabilized prices to this date and made popular the land boats called SUV's. Even Honda, the last hold out, past 1995 tripped the number of cup holders in their vehicles. Just recently Rump America, in an effort to find to find a more fabulous america, is thinking to re attacking the same region. Gas prices just the other day went up ten cents.

what felt different:
-current "Great Recession" interest rates were incredibly low and stayed low too long.
-both recessions had reduced real estate inventory but the old recession had inventory rise back up quick thus the C470, Highlands Ranch, Centennial expansion.
-the 2007-2012 recession saw big bargains in transitional neighborhoods. Premium real estate held its own. the old recession was less regional. The next recession will be even more local? Perhaps we will see queens jumping from their mid rise condos in the Denver gay ghetto!
-in the new recession banks were un able to loan money as fast
-some things continued to inflate more during the new "Great Recession" making the house flippers a lost art after 2011.
-Denver was the first to recover from the new recession.
-the new recession there was more consistent attention paid to the ebb and flow of jobs. Mostly lo paying situations. Many better paying careers have permanently left never to come back.

Last edited by daprara; 04-13-2018 at 09:49 AM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top