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North Metro Denver Real Estate News for October 2017

Here’s why some of the world’s biggest retailers, and many others, are flocking to north metro Denver
Set to open late next year, Denver Premium Outlets will bring 800 jobs to Thornton. “Aside from this amazing site, … Thornton and the Denver metro area are truly noteworthy on a national scale in regards to economic growth,” said Danielle De Vita, Simon’s executive vice president of real estate when asked “Why Thornton?” Additionally, Amazon is building a 855,000-square-foot fulfillment center just one highway exit north of the outlet mall. In total, an unprecedented $350 million worth of commercial projects broke ground along the I-25 corridor in Thornton in 2017.
Read article – Denver Post

What Colorado regions will grow fastest through 2050?
Northern Colorado and the Western Slope will claim larger shares of Colorado’s population as the state adds 3 million new residents over the next three and a half decades, according to state forecasts. Greeley and Fort Collins will more than double in population. Colorado Springs is expected to overtake a built-out Denver as the state’s largest city. The Denver and Boulder metro areas will add 1.39 million people – a gain of 45.4%.
Read article – Denver Post

Here’s why some of the world’s biggest retailers, and many others, are flocking to north metro Denver
Set to open late next year, Denver Premium Outlets will bring 800 jobs to Thornton. “Aside from this amazing site, … Thornton and the Denver metro area are truly noteworthy on a national scale in regards to economic growth,” said Danielle De Vita, Simon’s executive vice president of real estate when asked “Why Thornton?” Additionally, Amazon is building a 855,000-square-foot fulfillment center just one highway exit north of the outlet mall. In total, an unprecedented $350 million worth of commercial projects broke ground along the I-25 corridor in Thornton in 2017.
Read article – Denver Post

Colorado city leads the nation in luxury home price appreciation

With a third-quarter year-over-year price growth of 34.7%, one Colorado city led the nation in luxury home price growth. Longmont saw the biggest national growth, with luxury homes there selling for an average of $1.55 million in the third quarter. Also seeing explosive growth in luxury home sales was Littleton which saw year-over-year price growth of 15.1% and an average selling price of $1.11 million in the latest quarter.
Read article – Denver Business Journal

What Home Insurance Doesn’t Cover
Many standard policies do not cover a few things that homeowners may assume they cover, including:
– Home renovations
– Earthquakes and floods
– Slow water leaks
– Smell damage
– Sewer and drain backups
Read article – Realtor Magazine

Additional articles that you might find of interest:

Low inventory trend expected to continue
Read article – Denver Business Journal

Denver homes to appreciate less than national average in 2018, says Zillow
Read article – Denver Business Journal.

Butterfly Pavilion will move to Broomfield | City approves $7 million for science and technology park
Read article – Broomfield Enterprise

Hottest Colorado markets for hipsters
Read article – Denver Business Journal