Denver real estate market thriving, except for one area

In Condo Tracker, Development, For Sale, Investment, Market Trends, New Construction, Press, Purchasing Condosby Denver High-Rise LivingLeave a Comment

By Sean Towle, DENVER7 News– Downtown Denver used to be so full of life before the COVID-19 pandemic.

“Downtown is kinda silent, and it’s kind of a 180 from last year,” Denver High-Rise Living founder Lori Greenly said.

The downtown real estate market has suffered.

Carolina Cadena just moved from New York, and is looking to buy a condo now.

“I’m putting an offer in today. Hopefully it gets accepted. If not, I’ll keep looking,” Cadena said.

But like many, she’s not looking downtown.

“People are looking for single-family homes and townhomes. They’re moving out of downtown and the condos,” Keller Williams Downtown broker Megan Kemp said.

Kemp works with a lot of buyers and has seen this trend.

“COVID has really impacted condos in the central business district and people who wanna move downtown,” she said.

Brokers who specialize in condos say it’s a trend in the district, not the condo market as a whole.

 

Click here to read the full story on 7News Denver

 

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