Unstoppable Demographics Drive Housing Demand in Colorado
by Osman Parvez
Cranes dot the city and construction vehicles are everywhere in Boulder these days. What’s going on?
Colorado is experiencing a development boom. Here’s why.
The population of Colorado has been growing steadily, even during economic recessions. The chart above shows a combination of historic census estimates and the latest projections from the State Demography Office.
During the next ten years, Colorado is expected to add nearly a million people – about 20% more than today.
Here in Boulder County, population growth is more modest. The population is expected to grow a little over 11% during the next decade or 35,000 people.
That’s a lot of new people living in a region which is currently experiencing ultra low inventory and an inventory shortage. Of course, conditions a decade from now will be very different but one thing seems certain. Lots of new development.
Unstoppable?
It would take a Black Swan event to shift the migration of Cultural Creatives to Colorado. Our exceptional weather, healthy economy, and vibrant population are deeply appealing. And that’s just scratching the surface of why people choose to live here.
Announcement
Mark your calendar. Let’s Meetup. The next Boulder Real Estate Meetup will be held on Wednesday, February 22nd. Our topic this month will be analyzing development in Boulder. Hope to see you there!
—
Welcome to House Einstein
Locations, Due Diligence, Negotiation
Testimonials
Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
Share This Listing!
More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
Work with
House Einstein
Thinking about buying or selling and want professional advice?
Call us at 303.746.6896
Your referrals are deeply appreciated.
