For a list of luxury gated communities in Denver and the surrounding areas, look no further. Many of Denver’s exclusive and luxurious neighborhoods are gated communities.
However, for many who are looking for a luxury home, price alone is not enough. The neighborhood, its surroundings and privacy are usually key factors in considering whether or not a home has elite status.
Gated communities come in a few different varieties.
Many are simply automated, requiring a key card or transmitter for residents to enter. Visitors typically have a separate entry gate fitted with a kiosk that has a directory and pad for code entry. Most of these are also fitted with cameras for added security.
Additionally, some luxury neighborhoods have gate attendants that monitor the entrance and often take the name and driver’s license number of visitors for documentation before manually controlling the gate.
A few luxury communities in Denver and the surrounding areas are not physically surrounded by walls. However, there is a gate at entrances guarded by 24 hour security personnel. Specifically, Cherry Hills Farms and Cherry Hill Village are two prominent luxury neighborhoods with this type of security.
Tucked away right within the city limits of Denver, you will find:
Within Cherry Hills Village you have:
In the city of Greenwood Village:
The community of Highlands Ranch has:
The city of Parker has:
Within the city of Englewood there are:
The community of Littleton has:
The city of Lone Tree:
The area of Castle Pines and Castle Pines North:
Out west in the city of Morrison you will find:
The city Golden has:
Down south in Sedalia:
Up in the mountains within Evergreen:
If so, you’re not alone. It’s a question we get all the time in similar variations… “Are we in a housing bubble?”, “When is the housing bubble going to pop?”, on and on…
It’s a very valid question, especially for those of us who experienced, painfully, the housing market crash of 2008.
But it’s important to understand what led up to the housing crash of 2008 and what’s different today.
Homeownership has always been a cornerstone of the American Dream. Over 86% of Americans agree homeownership is a key part of the American Dream according to a recent report from the National Association of Realtors (NAR).
Before 1950, less than 50% of families owned their own homes but that soon changed with the GI Bill gave many of the returning veterans from WWII the ability to purchase a home. Since then homeownership moved upwards to 65% and the strong desire for owning your own home has continued to grow, helping home values to appreciate over the years.
As you can see, the only time home values dropped significantly since 1945 was during when the housing bubble of 2006-2008 popped. While some think the sharp increase in prices during 2006 looks very similar to the rise we’ve seen in the past 2 years and thus means a crash is coming, there are differences between the two periods of increases.
In 2006, homebuyers were not truly qualified for the mortgages they were given. Many could not afford to continue paying their mortgages and the market was flooded with foreclosures
⇒ Foreclosures caused a domino effect and banks along with the rest of the economy was in tailspin
⇒ Home values dropped…like off a cliff
⇒ some just walked away from their homes when they realized they owed more than what it was worth
⇒ more foreclosures ⇒ more decline in home values over the next few years.
2 Reasons today’s market is not like the one we experienced 15 years ago…
Prior to 2006, banks were creating artificial demand by lowering the standards needed to qualify for a home loan or refinance their current home – meaning even those with bad credit history, no stable income, etc… “qualified” for a loan. Today, regulations to prevent a repeat of 2006, require much higher standards to qualify for a loan – you really have to show that you’ll be very likely to make your payments.
For the last year or two, the demand for homeownership is a reaction to the recent COVID-19 world-wide pandemic that caused people to re-evaluate the importance of having a home. Lockdowns will do that! Plus remote work seems like it’s staying around to some degree, increasing the options for those who don’t have to live so close to work. It also increases the demand for a home that can double as an office so many people are looking to move out of their smaller, rented apartments onto a bigger house.
Rent is also going up so renters are now having the desire to build equity and stop giving money to a landlord also drives the demand for home buying.
When home prices were on a rapid incline in the early 2000s, many thought it would continue as such and so they started to borrow against the equity in their homes to finance college educations, new cars, boats, and you name it. However, when prices started to fall, many of these homeowners owed more than their house was now worth, causing some to just abandon their homes. This led to more foreclosures.
Homeowners haven’t forgotten the lessons of the housing crash even as prices have skyrocketed the last few years. Accessible home equity has more than doubled compared to 2006 ($4.6 trillion to $9.9 trillion) according to Black Knight.
The latest Homeowner Equity Insights report from CoreLogic reveals that the average homeowner gained $55,300 in home equity over the past year alone.
Today’s homeowners will not face an underwater situation even if prices dip slightly. Overall, homeowners today are much more cautious and there are regulations to make sure banks and others don’t get too greedy.
The housing market crash 15 years ago was due to a flood of foreclosures that was fueled by shady mortgage practices. No one wants that to happen again. Therefore, with the increased regulations, stricter mortgage standards and an increasing level of home equity, there is no realistic reason to believe that today’s housing market will crash.
You are not alone. According to Pew Research, the past two years saw the ranks of retirees 55 and older grow by 3.5 million!
Retirement, like other major events in life can have a huge impact on what you need from a home.
Retirement, or even semi-retirement is one of the biggest changes most of us will face in our lives. It’s often a period of time that most of us look forward to… more time to relax, travel, visit loved ones, enjoy hobbies, etc…
As we focus more on these important things in our lives we reconsider what we need from a home as well. Downsizing is typically appealing as the old adage of “Less is More” starts to ring true.
Most people of retirement age, usually those over age 55, choose to sell the homes they raised their children in and move into smaller more manageable homes so they have more time to spend visiting loved ones, traveling and/or doing other hobbies that take them out of the house.
Some may even move out of the area to be closer to loved ones or to an area they’ve always wanted to live in but couldn’t due to work or other restrictions.
Benefits of downsizing are numerous and often appealing to those who are looking forward to spending more time enjoying the precious things of life and less time in the rat race. Some pros of moving into a smaller home include:
The home equity you’ve built up in your existing house can be a huge help if you move. and move. According to the latest Homeowner Equity report from CoreLogic, the average homeowner in the US gained about $55,300 in equity over the last year.
Those equity gains can provide for a larger down payment, meaning smaller monthly mortgage payments which can often translate into more financial freedom. Having the funds from a recent home sale can also help you buy a house in this very competitive market, since offering more money up front helps your offer stand out.
Whatever your future home-owning experience entails, having a caring, knowledgeable realtor on your side can help you find what’s best for you in your current situation.
We, at The C. Taylor Group, can be the realtors you need in whatever stage of life you find yourself in. We understand the changes that occur in life and we want to do everything we can to reduce your stress during the home selling/buying process so that you can spend more time doing what’s important to you and enjoy all that life has to offer.
If you plan to retire soon or have already started enjoying retirement, you may be thinking of how you can adjust your housing requirements accordingly. Meaning now may be the perfect time to downsize. Let’s connect so we can work together to find a home that fits the needs of your current situation.
Okay, the scenery comment may be subjective, but you have to admit that even though Denver is not in the mountains, the view of the Rocky Mountain Range is pretty breathtaking. Especially when the snow capped mountains are basking in sunlight. However, it is a fact that Colorado gets more than 300 days of sunshine per year – it might be cold sometimes but it’s sunny! Something most of the Midwest and east coast can’t say. No miserable gray winters here, promise.
Did you know that, Katharine Lee Bates sat atop Pikes Peak (near Colorado Springs) and wrote “America the Beautiful,”? One of the most well-known patriotic songs of our time was inspired by the scenery of Colorado.
Denver, a.k.a. the Mile High City, with its blue skies and panoramic mountain views, is perhaps one of the most beautiful areas in the country. Don’t just take our word for it, countless authors and musicians have written and sang about its beauty across the ages.
Whether it be the scenery or the sunshine that draws people to the area, there’s no denying that Metro Denver is one of the fastest-growing cities in the nation, with almost 100,000 people moving there in the past seven years.
Now most will say that people in Denver and the surrounding areas are very active, and they are, but it’s also true that not everyone skis or hikes or bikes all the time. There are many natives and transplants alike that just enjoy being here even if it involves just sitting drinking and shooting the breeze with friends. Most people find Denver to be very laid back and non-judgemental… you do you.
If you like four seasons, nice reasonable summers, beautiful colors of autumn, snow in the winter, and beautiful cool springs, you can find all of that here in Colorado and the Denver Metro area.
Yes, it can get cold in the winter but the cold and snow are mixed with days of sunshine. Highs in the winter can get to 50s and 40s in the heart of winter so months of dreary, cold, gray days are unheard of here. Days of snow are followed by days of sunshine – all the time.
There’s a lot of history in Denver and if you’re into historic homes and architecture, Denver has plenty to offer.
Several neighborhoods in Denver are decorated with beautiful Victorian and Craftsman homes from the turn of the century along with 50s style ranches and more. Modern and contemporary homes fill the suburbs of Denver but secluded areas with horse property and mansions are hidden gems throughout the metro area.
Denver loves it’s sports teams! Did you know, Denver is the smallest city in the country with six major professional sports teams? That should tell you something about the way Coloradoans feel about our sports.
Colorado is basically a high desert at the foot of the Rocky Mountain Range. It is dry year-round not only because of its high elevation but because it lacks large bodies of water around it. Furthermore, when temperatures drop and the weather patterns change, the air gets even drier. It can be a game changer for some but many prefer the drier climate and most people easily get used to it.
Some benefits of a dry climate include:
Denver got its nickname The Mile High City because its official elevation is that of 5,280 feet (one mile high) above sea level. Those who live at lower elevations are often not aware of the effects of altitude on health and physical abilities. While the body can easily adapt to high altitude living, it can take awhile and require patience as your body gets used to living with a little less oxygen.
There are benefits to high altitude living though!
The Denver Metro area is one of the fastest-growing cities in the country. According to the U.S. Census bureau it grew approximately 20% between 2010 and 2020. Now, with a population of over 3 million, the metro is scrambling somewhat to develop the infrastructure, transit, and housing needed to keep pace with the demand. Housing prices may be high depending on where you’re coming from and traffic can be a bit frustrating depending on the time of day and where you’re trying to get to – not much different than other big cities.
Public transportation is not as robust as other big cities but it’s growing too and can be great to get to downtown from some of the suburbs, get to the airport from downtown and commute from main areas of the Denver metro area.
If you love craft breweries, Denver and the front range (what we call the cities on the east side of the Rocky Mountains. i.e. Ft. Collins down to Colorado Springs, etc…) is the place for you.
In fact, Colorado has been coined as the Napa Valley of Beer. As of 2021, the Denver area is home to the second most microbreweries next to San diego.
Tip for those coming from sea-level: Before you acclimate (can take a year or two) remember to drink extra water when you drink alcohol. Otherwise, you’ll likely feel buzzed a lot sooner than you would in cities closer to sea level. Alcohol can have more of an effect due to thin air.
According to the Editor of Rocky Mountain Food Report, Dionne Roberts, “Denver’s craft culinary and beverage scene continues to show rapid growth with the influx of diverse and gifted chefs, brewers and distillers. More people want to be a part of the mountain culture and that adds depth to the growing number of options and cultivates a higher sense of quality in the cuisine.”
Denver has several public school districts that have been nationally recognized for educational excellence including Cherry Creek School District, Boulder Valley School District and Littleton Public Schools.
Prestigious private schools are numerous as well. Some popular ones include Regis and Valor High Schools.
Respected higher learning institutions are also plentiful, including Denver University, The University of Colorado (main campus in Boulder but there are campus in Denver as well), Regis University, and Colorado School of Mines in Golden just 15 miles west of Denver, among others.
Denver has a lot to offer and is a popular place to move to for many reasons. There are a few things that can take some getting used to and we hope this article helps you prepare for those.
Our team has lived or at least spent significant amounts of time in pretty much every region of the United States and even abroad so we can speak to how Denver matches up with other places and give you a good idea of what to expect if you’re considering a move to Colorado.
We’d be happy to talk more about what you’re looking for and how we can help.