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Have you always dreamed of owning a big, beautiful home in Denver? Do you need more room to accommodate your growing family? Well now could be the time to evaluate your options based on two critical factors. Firstly, Colorado is noted as having more large homes than most states in the U.S. Secondly, recent changes in the real estate market might help you to get more home for your money.

 

According to figures from the U.S. Census bureau, Colorado is among the top states noted as having the largest homes in the country. Of all of the states in the U.S., Colorado ranked third, with 26.2 percent of homes having at least four bedrooms, just behind Utah and Maryland. The Census Bureau made special mention of Centennial, in the Denver suburbs, because 52.5 percent of homes there have at least four bedrooms. This is a stunning percentage as only approximately 20 percent of homes in the U.S. have four or more bedrooms.

 

 

While many families consider buying big, beautiful dream homes, affordability can be a road block to moving forward. For so many of us, the pursuit of homeownership can be discouraging at times, but the cost of a dream home can seem nearly impossible. However, recent market changes might help potential buyers in Denver get more home for their money and turn the home of their dreams into a reality.

 

 

According to the Denver Post, U.S. home prices dropped last quarter for the first time in almost 16 years, as 13 out of 20 cities, including Denver, reported declines in March. Home prices in metro Denver fell 2 percent in the first quarter over the same period, the index showed. The decline was the eighth-largest among the 20 areas tracked. But this doesn’t have to be bad news for everyone. In fact, this means that potential buyer’s may have an opportunity to scoop up some of Denver’s largest homes at great values.

 

 

But if this is something you want to consider, make your move quickly because dips in sales prices aren’t expected to continue. In fact, according to Rocky Mountain News and Metrolist data, the average price of a single-family home sold in April rose to $322,510, compared with $302,084 in March. Which means, if you’re going to take advantage of lower sales prices in order to make buying a larger home more feasible, you should strike while the iron as hot.

 

If you’re interested in exploring the purchase of one of Denver’s many beautiful homes, let us help. We’ll work with you to evaluate the market and get your family into the big, beautiful Denver home you’ve always dreamed of.

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