As we came out of the real estate downturn, the quick recovery and subsequent acceleration in the residential market and in commercial development activity left many observers sitting with their mouths hanging open.
Residential home prices are now above their peak, and while the market has slowed in the winter months, it still appears relatively strong and speculative home building is once again a common site in Denver neighborhoods. Commercial development activity seems to have exploded – apartment projects are rampant throughout the city and in Cherry Creek alone, 6 – 7 constructions cranes are dotting the skyline.
This article in the Denver Post encapsulates the current state of affairs in the City quite well:
Denver booms as outdoors, ski slopes trump prices, bustle of cities on coasts
Read more: Denver booms as outdoors, ski slopes trump prices, bustle of cities on coasts – The Denver Post http://www.denverpost.com/business/ci_24822974/denver-booms-outdoors-ski-slopes-trump-prices-bustle#ixzz2pqhphus3