The Real Estate Rebound Comes to Southwest Denver

Aldo Svaldi reports on the changes in some of the last low-cost urban neighborhoods in Denver. "Southwest Denver has long served as a refuge for those seeking urban affordability, from first-time buyers to residents pushed out of the city's gentrifying enclaves," writes Svaldi. "But one of Denver's last remaining low-cost havens isn't escaping the huge jump in rents and home values seen across the metro area. It stands on the cusp of a major transformation."

In the Barnum West neighborhood, for instance, "home values are up 78.4 percent the past two years through April." And in Valverde, "the prices of homes sold have gone up from $111,221 to $195,858 the past two years, a 76.1 percent increase."

The article goes on to detail more about the changes in Southwest Denver, including a comparison of the appeal of building stock in the area compared to newer and more stable neighborhoods located farther south. The article also includes more detail about the long route the neighborhoods have to go to full recovery. Svaldi cites the performance of the local schools as an example of the slow pace of the gentrification process, among other observations about the area.