The City and County of Broomfield lies in the northern tier of the Denver-Aurora metropolitan area in the U.S. state of Colorado. Broomfield is a city with a strong sense of unity, pride and identity, as a modern city, inspired by its spirit. With breathtaking views of the mountains, world class shopping and state of the art technology campus close by, citizens enjoy a sense of community that makes Broomfield a special place to live or visit.
Broomfield has an extensive trail system that connects the various lakes and parks.
The Broomfield real estate market is growing rapidly. New homes are being built in Broomfield at a staggering
pace. Much of this Broomfield real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Broomfield and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Broomfield has begun to soften
a bit. The softening market has prompted some sellers to increase incentives
to sales agents and buyers, ranging from increasing sales commissions to
reducing pricing. Many believe this presents an opportunity to scoop up
hot Broomfield homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Broomfield's real estate market remain sound
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