If you live the Denver metro area, you have seen the growth. You probably don’t see it slowing down any time soon. Denver real estate is booming because of this unprecedented growth not only in Denver and suburbs but into surrounding areas including ski towns like Vail and Beaver Creek. I guess we’re part of it. My family and I sell real estate from Denver to the Valley Valley.
Denver Real Estate Growth
The impact of this growth contributes to the way we live our lives from the route we take to work, to where we live, and how we spend our free time. In many cities we are seeing a general trend of movement towards the city center for various reasons. Denver real estate prices have appreciated the most in the metro area. The affluent millennial generation (raised in the suburbs) doesn’t see the point of excess space to provide the lifestyle. They want when culture, food, work, and friends are all located “Downtown”. Us Boomers have tired of the empty rooms once full of kids, their friends and activities. Increasingly, my generation now wants to give up the “Burbs” for the “Urbs”.
So, for our progressive demographic that is looking for the city lifestyle, the dilemma is two fold. Where in the city do we plant ourselves if our lives are confined to such a small area defined by our neighborhood including shops, restaurants, events and social sphere? How do we escape and retreat from this lifestyle when it becomes too hectic and repetitive?
It’s A Family Affair
My son, Andrew, wife Dee and I Realtors. We are a Realtor trio always discussing, debating and forecasting observations about real estate and where it heading. We often discuss the demographic, geographic, economic and lifestyle trends along the I-25 Front Range Corridor and in the Resort Towns along I-70. Needless to say, we each have our own opinions and observations.
I observe that for all the gentrification downtown making the news, there continues to be plenty of the tried and true suburban development on the perimeter. Not everyone can afford or even wants to give up their backyard and over-sized garage. This suburban development is trying to link closely with Denver’s expanding light rail system. With three of its 6 lines finished and two more scheduled to open in 2016, transportation in Denver is bound to evolve. Inexpensive energy is playing heavily on these location-based decisions right now. But this may not always be the case. As we’ve seen in the past, the pendulum swings. With our sales in 2015 as low as $165,000 and as high as $2M at the Kentwood Company, The Cryer Team in Denver has the diverse experience and contacts to make your Denver real estate experience something special in any home price range.
Denver MLS Expands
With Denver’s MLS expanding and now including resort areas as far west as Vail, our wild and woolly west is slowly becoming much more orderly. Technically, a Denver Realtor can help you shop in Vail and a Vail Realtor can help you shop in Denver because they now have the same MLS information. But the nuances of each market still need an expert with experience, local contacts and boots on the ground. Taking your Realtor out of his/her home market, might not benefit you in the long run. I suggest asking your Realtor for a referral to good agent in other market. I know I refer my clients to Andres in Vail when the occasion arises. But, my clients can browse the Denver MLS to see Vail listings before the go “up the hill”.
Cryer Team Grows to Vail
Andrew Cryer is located in the Resort Town of Beaver Creek. His team specializes in fractional real estate ownership. He helps those professionals that want to have a mountain retreat but don’t necessarily have the time to make a whole ownership property worth while. In general, those that are spending months at a time in the Vail Valley will benefit from whole ownership. Those who can only escape the city for a few weeks out of the year will find fractional ownership a practical financial solution to enjoy the combination of the City and Mountain Lifestyles.
There are various types of ownership when it comes to fractional ownership in the Vail Valley. Typically you will own a fixed ski week of your preference and summer float time with some flexibility. For those professionals in the metro area, fractional ownership provides the convenience of enjoying the mountains in something you own, familiarity without the hassle and relative structure for one’s busy schedule. There’s no maintenance, managing renters or scheduling maid service. Just show up at your mountain retreat with hotel amenities to find everything clean and in working order. Park your car in heated underground parking. Your vacation is on!
There is no question, Colorado offers so many lifestyle choices you are really only limited by one’s own budget and imagination. The world we live in allows us to be virtual, mobile and active. It’s a great time to be asking questions about a second home in the city or a second home in a resort. No matter which way your “Family Truckster” is heading, we’ve got you covered.
Please use this form to contact us about Denver real estate or vacation homes in Vail.