Red-hot Denver housing market burns some potential buyers

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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.

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