Why are some Denver apartments priced so much more than others?
Denver apartment prices are soaring in many areas of the city, with some apartments being priced nearly three times more expensive than others.
In the city of Denver, some apartments are becoming the most expensive in the country, according to real estate website Zillow.
In addition to apartments, some homes are starting to get more expensive.
A one-bedroom in a house with an appraised value of $1.1 million could fetch $1,000,000 on Zillows.
But in another neighborhood, a single-family home could fetch over $5 million on Zills.
In other areas of Denver where there is demand for housing, there are also new listings for homes that are just barely priced above market rates.
In Denver, Zillot is reporting a 5,600-square-foot house on West 17th Avenue for $1 million, which is nearly three and a half times the asking price.
The home is located in the city’s Bronco Ridge neighborhood, where there are more people than apartments.
In an area known as the Bronco Ranch, there’s a 1,400-square foot house that is priced at $1 per square foot.
The house is located on West 10th Avenue in Denver’s northwest.
According to Zillower, the Broncos Ranch is the most desirable Denver neighborhood, with home values up to $10 million, and there are many other properties in the area that are listed for more than $1million.
The Bronco’s Ranch neighborhood is also located in Denver.
A house with a listed value of more than half a million is located just a few blocks away from the house on the Broncopter.