80212 - Not just “stable” - we’re appreciating!
So… according to this morning’s Rocky Mountain News, my little piece of paradise here in Northwest Denver is the second strongest zip code in the city with an annual appreciate rate of… get this… 18.5%!!!!
Go, us!
What’s interesting is just yesterday I was doing an analysis of the number of Lender Owned listings here in my ‘hood compared to the number in other neighborhoods and came to the conclusion that if you’re looking for great REOs or Foreclosures… look elsewhere. Here in 80212, there are 19 lender owned properties on the market and all but two or three are on very busy commercial streets or right on top of I-70 (or both). In other words, these would be tough properties to sell in any market and not something I’d ever recommend to an investor.
So… we’re doing just fine here in 80212… I’m proud of my ‘hood! Want to see why we like it so much? Check out my virtual tour here…
