When the first homes built in Northglenn, Colorado became available to the public in 1959, an estimated 15,000 people showed up for a tour on day one.
Less than a week later, buyers had already spent a combined 1.4 million on the brick model homes that were selling for only $12,000-$30,000 apiece.
Demand was incredible.
Much has changed in Northglenn in the last 60 years, but one thing is starting to feel familiar: the demand for homes for sale in Northglenn is returning to a fever pitch.
Why Are Homes for Sale in Northglenn So Popular?
An advertisement for the first wave of homes in Northglenn proclaimed “Dollar for Dollar, America’s Greatest Home Values.”
Many considered the claim to be accurate at the time, and many still consider it to be accurate today.
One national real estate publication named the 80233 zip code of Northglenn to their list of the hottest real estate markets in the US in 2016. What’s driving the demand for homes in Northglenn?
Location, affordability, and general appeal to millennial buyers.
Northglenn is only 15 minutes north of downtown Denver and all of the events and attractions of a major metropolitan city.
Go east on Interstate 70 and Denver International Airport is only 25 minutes away.
Turn to the west, and the majestic Rocky Mountains tower over the landscape and are a mere half hour away by car.
Bask in 300 days of sunshine, as Northglenn enjoys full seasons of summer, spring, winter and fall. But thanks to our dry climate, the hot and cold aren’t as harsh as in more humid climates.
Affordability is another important selling point buyers interested in Northglenn, Colorado.
Here, it’s much easier to find homes in the under-$300,000 category than it is in Denver and other near suburbs.
In the 80233 zip code, which is mostly Northglenn but also includes a bit of Thornton, Colorado, the median list price is a mere $278,000. If you look at metro Denver as a whole, the median price is roughly $475,000.
Appeal to Younger Buyers
Young homebuyers are playing a big role in the Northglenn real estate market. Research shows the millennials were responsible for 36 percent of mortgages in the market in 2016.
Northglenn began as a master-planned community back in the late 1950s/early 1960s, but the city has continued to grow and adapt.
A lot of focus has been put toward creating a fun, family-friendly environment. Recent development projects included bringing in new restaurants and businesses to Webster Lake Promenade. And new events have sprung up, including the fall Pirate Festival and the spring Food Truck Carnival.
There is a new mixed-use project underway to redevelop the city’s municipal campus in order to bring in new recreation centers and the D.L. Parsons Theater.
By 2018, Northglenn will be connected to Denver via light rail service on the RTD N Line.
Find Your Next Home in Northglenn
Northglenn offers an unmatched combination of location, affordability, and appeal. If you think this north Denver suburb is a good fit for you, contact Northglenn real estate broker Cindy Belhumeur for one-on-one advice.