BROOMFIELD UNAFFECTED BY UPS AND DOWNS OF THE MARKET

Denver real estate professionals are working to bounce back from setbacks in the first quarter. The number of new and previously owned homes sold in the Denver area fell by 10.6 percent in the first quarter, compared with 2006 figures. Additionally, the median price of all homes dropped 1.3 percent to $235,000 from $238,000 in the first quarter of 2006. And no one’s quite sure what’s going to happen in the upcoming months.

But despite daunting numbers in much of the Denver area, there’s one part that was left virtually unscathed in the downturn. Broomfield, located less than 20 miles from downtown Denver, experienced awe-inspiring increases in median sales prices and home sales. The median price of homes sold in Broomfield (80020) rose 24.3 percent, to $328,440, from the first quarter of 2006. Additionally, home sales in Broomfield went up by 8.2 percent.

Homes in Broomfield are attainable at a wide variety of price points. Whether you’re searching for homes starting at $170,000 or $1.7 million, there’s a home in Broomfield to suit your needs. Popular communities in Broomfield include Fair Wind at McKay ($169,950 - $199,950), Broadlands ($206,000 - $1,100,000), Spruce Meadows ($995,000 - $1,995,000) and lots more.

One reason that might be attributed to the success of the real estate market in Broomfield is the number of high dollar homes in the area. Studies have shown that wealthy Americans are more optimistic about the real estate market than any other group and haven’t been as discouraged by negative market trends.

If you’re interested in learning more about purchasing a home in Broomfield, or other Denver area suburbs, contact us today.