The overarching trend for Denver real estate in the last decade has been a soaring market. Homeowners can sell for more money, and buyers often embark in bidding wars and pay above-market-rate for the home they want.
While this is the general trend, there are interesting discrepancies worth knowing related to the different types of Denver homes for sale.
Types of Denver Homes for Sale
The team at Denver Realty Group wanted to assess these trends, as understanding the specifics of home styles can help you gain leverage as either a homebuyer or home seller in the competitive Denver market.
“Traditional” homes refer to those built at the onset of World War II, when there was a need for more affordable housing. As mass-produced homes, houses in the traditional style usually have just one story, a simple square floor plan, and basic aesthetic components.
According to the data on Denver homes for sale, traditional homes have been consistently the most affordable home on the Denver market. After all, they were built during the war period for this very purpose.
Traditional homes also pervade the city, from the western suburb of Lakewood to the northeastern quadrant of the city. So, part of their affordability relates to the supply available.
This is good news especially for single-family or first-time home buyers who might not need much space. The houses were simply constructed which means that maintenance usually costs less as well. Additionally, they tend to have slightly bigger plots and thus have more backyard space than newer Denver homes.
From the quaint neighborhoods around Washington Park to up and down Downing street, bungalows are a staple of south-central Denver.
These iconic homes are small and usually single-story, but they feature ornate roofs and Craftsman decoration that more traditional homes lack.
Bungalows are highly coveted in the Denver real estate market, and so they are some of the most expensive Denver homes for sale.
Not only are the bungalows located in extremely popular neighborhoods for young professionals, but they also have larger lots and feature more ornate designs.
If you want to buy a bungalow in Denver, be sure to work with a highly knowledgeable local real estate team.
Tudor homes speckle the northeastern quadrant of Denver, located in an area known as the Park Hill neighborhood. These homes also pop up in Washington Park, securing a prime location by one of the city’s most popular recreational areas.
As some of the biggest Denver homes for sale, tudor homes statistically sell much faster and at a much higher price than other homes in the city.
If you want a bigger home for your family or have the finances for a larger real estate investment, hire a local real estate team to ensure you can put a contract on one of these highly popular homes.
Denver Square Homes
As the name suggests, these are boxy homes named after the city. A return to simple craftsmanship as a response to the Victorian influence that swept the city, Denver square homes are usually plain, two stories, and modern.
These homes aren’t as popular as bungalows or tutors, and they actually sell a bit slower than traditional homes.
Like bungalows and tudors, Victorian homes are extremely popular in Denver. Many of them are concentrated in the newly revitalized Baker District. For young families who want easy access to the city, but to live on quieter streets, Victorian homes in this area represent an excellent option.
Known for their elegance, color, and style, Victorian homes tend to be popular no matter the city.
What does this mean for Denver real estate deals?
It pays to know the specific types of homes because you can use these facts as leverage.
If you’re a potential home buyer, for instance, you can certainly negotiate when you’re trying to buy a traditional home. These homes are widespread, have been the most affordable home in Denver’s history, and offer “nothing special” compared to the hundreds of other homes on the market.
If you’re selling a bungalow in Denver, on the other hand, you can come armed with information about its Craftsman style, its unique roof features, and its historical connection to the city.
Hiring a Denver Real Estate Team
Understanding and being able to capitalize on these trends takes an experienced real estate team. While having a general sense helps you to be a smarter consumer, local real estate agents live and breathe these trends.
The team at Denver Realty Group has been helping the Denver community buy and sell homes for the last decade. If you want a full-service real estate team that knows Denver, contact us today!
You can also use our online home search feature to refine your home search by property type, location, price, size, and many more criteria. Take advantage of this feature today!