The City of Centennial is Colorado's newest city, located in the southern Denver metropolitan area, entirely within Arapahoe County. Centennial officially became a city on February of 2001. It is the seventh-largest city in the Denver-Aurora Metropolitan Area. Centennial's climate is mild and dry, with more than 300 days of sunshine a year.
The Centennial real estate market is growing rapidly. New homes are being built in Centennial at a staggering
pace. Much of this Centennial real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Centennial and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Centennial 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 Centennial 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 Centennial's real estate market remain sound
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