Denver tops destination list of homebuyers looking to relocate

by | Nov 13, 2019 | Blog, Denver Real Estate Market, Relocating to Denver

If you thought the influx of newcomers to the city might finally be slowing down, think again: A new study reports that Denver is the top choice for homebuyers in other states who are considering relocating.

The report by Cloverleaf, a website focused on home insurance, found that the city’s national appeal remains strong, despite its expensive home market.

The survey involved 1,000 homebuyers looking to move to one of the 50 biggest metro areas in America. Denver ranked first as a desired location, chosen by 34% of all respondents, noted Westword.

“Furthermore,” reports the newspaper, “Denver was the only place to land in the top two for millennials (35.5%; second behind Seattle’s 35.8%), Gen Xers (32.5%; tied for first with Nashville), and baby boomers (32.3%; second, trailing Virginia Beach’s 34.6%).”

Oddly, the city ranked much lower in several significant factors, including: community wellbeing, average one-way commute time, and violent crimes per 100,000.

Nonetheless, “Denver provides a lot for each demographic: a thriving economy, job growth, a vibrant restaurant scene, scenic outdoors, great schools, recreational marijuana. This list goes on and makes it an attractive destination for millennials, young families and baby boomers,” Cloverleaf vice president Sean McCahill told Westword.

Colorado Springs also ranked high, placing 5th, “and was a preferred spot for 30.8% of millennials, 27.2% of Gen Xers, and 29.2% of baby boomers.

Further underscoring Denver’s national popularity, Lonely Plant recently named Denver 10th in its list of the top 10 cities to visit in 2020. Notes the travel authority: “Denver’s elevated position as one of the USA’s most charming boomtowns has reached new heights as the Mile High City enters its latest phase of growth, creative energy and damn good food.”

Denver shares its top ten spot with an impressive group: Salzburg, Austria; Washington, DC; Cairo, Egypt; Galway, Ireland; Bonn, Germany; La Paz, Bolivia; Kochi India; Vancouver, Canada; and Dubai, UAE.

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