Price is relative to the area so let’s check out which popular suburban areas are most affordable to live and where you can expect to pay a premium.
This slide contains average sales price along with a snap shop of inventory levels by price range for 5 of the most affordable suburban areas.
Aurora, Thornton and Westminster top the list for most affordable with average detached single family prices nearly $100,000 BELOW the overall metro area. The areas highlighted in yellow show where the most inventory is available for properties priced below $300,000. Aurora has the most inventory available in both the entry and mid level price points.
This slide contains a snap shot for 5 of the higher priced suburban areas.
In all areas demand is greater than supply in the entry and mid level price points. When you start looking at the luxury markets supply and demand is dependent on the area.
You probably noticed the city of Denver was left off, this was intentional as Denver has some of the highest priced areas and lowest priced areas. If you have questions about specific neighborhoods or areas I didn’t cover please let me know so I can share that information with you.