What are 5 interesting facts about Colorado?

Weird and Random Facts about Centennial State

How would you describe Denver?

Denver lies at the junction of Cherry Creek and the South Platte River; its elevation (5,280 feet [1,609 metres] above sea level at the State Capitol), which gives it the nickname “Mile High City,” and a mild, sunny, dry climate are distinctive characteristics.

What kind of city is Denver?

Denver, the capital of Colorado, is a consolidated city and county. It serves as the financial, transportation, and distribution center of the Rocky Mountain region. Denver was officially formed on November 7, 1861.

Why is rent in Denver so expensive?

Due to the robust job creation, Colorado has seen a huge surge in new, younger, residents. This influx of younger professionals is more likely to be renters than homeowners, which further increases demand for apartments…. Typically, rents increase in environments where vacancy rates are extremely low.

Why are home prices so high in Denver?

Low Inventory Plus Incredible Buyer Demand It should come as no surprise that there is an extremely low supply of inventory. Denver has struggled with a lack of inventory since 2011. Strong demand in 2020 drove intense competition among buyers, causing homes to sell incredibly fast and pushing prices higher.

Will house prices drop in Denver?

And those underlying forces remain intact in 2021. In fact, the inventory situation has gotten even tighter over the past year or so. According to the report mentioned above, the total number of active real estate listings within the Denver metro housing market declined by -57% from April 2020 into April 2021.

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