Golden Real Estate - There's Something for Everyone!
Posted by Client Care on Wednesday, December 12th, 2012 at 4:16pm.
If you are thinking of moving to Golden, Colorado, it is important for you to learn about life there as well as the real estate market and trends. Golden is a city that offers high quality education, employment opportunities and a chic entertainment and nightlife scene. The population of Golden is around 19,000, and regularly gets plenty of visitors who come for its festivals and its tourist attractions. At one point in time, it was actually the capital of the Colorado Territory. Now, it is the home to the Colorado School of Mines which is the second oldest school and the oldest public university in the state.
When it comes to Golden real estate, you will find excellent examples of modern architecture available for affordable prices. Because of the position of the city, at the foot of the Rocky Mountains, you will find that most homes have great views and plenty of options for outdoor activities. There are plenty of options for different levels of income as far as housing is concerned, with apartments, townhouses and even a few lower income options. The majority of the housing is intended for higher income buyers, and some of the luxury homes will be as impressive as the finest houses in Denver.
There are several neighborhoods where you would enjoy living, but the two most popular communities in the city are Golden Gate Canyon and Lookout Mountain. The homes in these two areas have average listing prices between $600,000 and $1.1 million, though it is possible to find cheaper, as well as more expensive housing. If you look around, you are sure to find something that suits your preferences and your budget.
The home resale inventories in Golden reduced a little with a 3 percent decrease since July 2012. Distressed properties like foreclosures and short sales have declined as a percentage of the total market in August. The median listing price in Golden went down from July to August with a total of 7 price increases and 62 price decreases.
For the city of Golden as a whole, the median price of a new home is in the region of $350,000. During the past 10 years, prices have fallen by several percentage points making it far more affordable to buy a new house. With the low crime rate, the high level of education and employment available, and loads of entertainment at your fingertips; Golden is a great place to relocate!
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