Parker is a town in Douglas County, Colorado that in recent years has become a exurban part of the Denver Metropolitan Area. Parker is a city suburb with easy access to the growing commercial centers in far south Denver. Recreation spots near Parker include the Cherry Creek Trail, which originates in Denver, runs through Parker and continues south to Castlewood State Canyon. At the Cherry Creek State Park in neighboring Aurora, an 880-surface acre reservoir offers opportunities for boating, fishing and other water sports.
The Parker real estate market is growing rapidly. New homes are being built in Parker at a staggering
pace. Much of this Parker real estate is built with foreign buyers in mind.
Currency exchange rates have made buying real estate in Parker and the US
in general much more favorable in the last few years.
Over the last several month real estate prices in Parker 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 Parker 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 Parker's real estate market remain sound
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