Red-hot Denver housing market burns some potential buyers

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

DENVER -- While the real estate market across the country is facing a cool-down, the Denver market is still hot and prices continue to rise.

The average home is setting for $350,000 -- and most homes don't stay on the market very long.

Last month, home prices in Denver went up by $33,000. Those high prices are forcing buyers to look at other communities such as Commerce City, Brighton and Aurora for affordable living where experts say home cost $100,000 less than those in Denver.

And what some consider bad in Denver is worse in Boulder.

A Coldwell Banker survey shows Boulder has the highest average price -- $835,000 -- for a four-bedroom, two-bathroom home in the state

Second on the list is Castle Rock, including Castle Pines. Evergreen, Westminster and Denver round out the top five.

AlertMe
Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.