It is hard to imagine that a city can actually move. Well, it can. At least the perception of its residents. And, Greenwood Village real estate is now perceived as being closer to downtown Denver.
Why? Commuting downtown is now much easier than it was even last November. Driving downtown then during rush hour took anywhere from 35-60 minutes depending on traffic, weather and accidents. Since the new lanes on I-25 opened in mid-November last year, traffic has at least 2 additional lanes in each direction all the way downtown. That has lowered the commute in rush hour to 20-25 minutes which is appreciated by Denver relocation buyers who may have moved here from large cities with much worst traffic.
Adding to change in commutes is the new DTD light rail service along I-25. It also opened in November, 2006. Now, Greenwood Village residents have a choice of two stops at Belleview and Orchard stations. Commute time on the train is less than 25 minutes.
Downtown stops include Union Station, The Convention Center, The 16th Street Mall, The Pepsi Center for hockey and basketballand several others within an easy walk of The Denver Center for The Preformaing Arts,and Coors Field.
How does this effect real estate in Greenwood Village? That’s easy. Downtown is now an amenity resiedents may use more easily. While prices here have always increased from year to year since 1990, they are likely to firm even a little more.
Greenwood Village offered luxury homes as well as more affordable homes under $500,000.