The City and County of Denver is the capital and largest city of the U.S. state of Colorado. Denver is nicknamed "The Mile-High City" because its official elevation, measured on the fifteenth step of the state capitol building's west side, is one statute mile (5,280 feet or 1,609 meters) above sea level. Its high elevation provides many Denver homes with spectacular views of the city, mountains and plains. Denver has a semi-arid climate with four distinct seasons. Denver is a lively city with a great love of the outdoors. Denver is one of only a few cities to offer seven professional sports teams.
The Denver real estate market is growing rapidly. New homes are being built in Denver at a staggering
pace. Much of this Denver real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Denver and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Denver 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 Denver 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 Denver's real estate market remain sound
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