It has stunning, nationally recognized architecture.
It has tree-lined streets with fabulous curb appeal, walkable sidewalks and trails, and a spirit of community.
It’s chicken-friendly and Pro-Pikes Peak Urban Gardens. Ladies & Gentleman: It’s The Old North End.
Price Elasticity is a concept that benefits savvy consumers. Knowing where dirt values have great potential, where improvements and history can have a disproportionate amount of future value adjustment are areas to pay attention to for future real estate appreciation. Here’s an example: I completed this Scattergram to visualize pricing trends downtown over the last 9 months. These are similarly sized properties that closed in the last 9 months within one mile of one another. There is a $100,000 swing between top and bottom prices (23%).
If you can buy at the bottom of the curve in a market like this, with 5% interest rates… what might your future return be?
There’s a bit of a crowd in the Old North End right now, but there is one property better priced than the rest: 1524 Nevada.