One of the most heavily populated cities in Jefferson County, Lakewood is a center for urban and suburban development. In fact, this city is the fourth most populated in the state of Colorado and 164th in the country. With around 145,000 residents, the Lakewood real estate industry has steadily climbed up since 1999. However, it is not surprising that Lakewood homes for sale are slightly lower compared to a year earlier, particularly because of the housing slump and financial problems facing the entire country. But it is important to stress that although home prices are a bit lower, they are still substantially higher from their value five years ago.

Lakewood Colorado Homes

Townhomes, single-family houses, condominiums and even commercial properties are some Lakewood real estate investments available in the market. In fact, there are over 300 neighborhoods where you can surely find your perfect home from among the many Lakewood homes for sale. If you are looking for a house that has an old and rustic feel, you can find one in the neighborhoods that were founded in the 1940s or 1950s. However, if you like dwellings with an urban and contemporary appeal, you may want to look into newly established neighborhoods that abound in the city.

Depending on the location, size and even availability of amenities, the price of Lakewood homes for sale can range from $150,000 to over one million dollars. However, if you are wanting a Lakewood real estate property that is newly developed, you need to be ready to shell out $359,000, which is the median value of new homes in this city.

Benefits of Investing in Lakewood Real Estate

Aside from availability of relatively affordable homes, Lakewood real estate is in demand because of the accessibility of this booming city to various leisure and fun facilities, such as Lakewood Link, Carmody, Green Mountain and Whitlock. There are also many golf courses in the nearby areas. In fact, Lakewood is popular for beautiful mountain views and fantastic skiing opportunities. People who are interested in outdoor pastimes should be assured that there are two regional as well as 85 municipal parks in Lakewood.

For those who are planning to invest in Lakewood real estate, it is important for you to know that the income potential in properties within this city is between $49,900 and $1,625,000, while that of condominium units vary from $38,850 to $601,700. It is also important to know that aside from being strategically located, Lakewood is also an attractive residential area because it has great schools, colleges and universities. In fact, Newsweek magazine has ranked Lakewood High School as the top high school in the state of Colorado.