In keeping the Denver's next hot hoods theme going, this week I want to focus on Wheat Ridge. The hot part of Wheat Ridge is roughly 26th north to 44th and Sheridan west to Wadsworth. More specifically, the areas around 26th bordering Edgewater and just west of Sheridan from about 32nd to 35th around Panorama Park.
When I'm trying to identify which hoods should take off next, I look a lot at architecture and location. Wheat Ridge isn't going to blow you away with it's architecture, mostly it will be 50's ranches with a few two stories thrown in. The location though is definitely what is driving the market in Wheat Ridge.
Wheat Ridge doesn't boast a lot of colorful town centers like Highlands does, but it is just across Sheridan from almost all Highlands has to offer, blocks to Sloan's Lake, Edgewater and the newly redeveloped 38th corridor, click here. I have two clients right now that looked exhaustively in the Highlands for a house and as soon as we crossed Sheridan they found the perfect home the first time out, and for about $100,000 less than in the Highlands.
The Highlands is great, but it is certainly pricing a lot of buyers out so going a half mile west for twice the home sure makes sense to a lot of buyers and I don't see that trend slowing down anytime soon. With strong schools and an easy commute to Downtown, there is no reason it won't be a hot hood for years to come. And like central Denver hoods, there certainly isn't a plethora of homes to choose from in Wheat Ridge either. We are seeing multiple offers on most of them and the good ones moving in a day or two. But there are still some great opportunities to get in some that need a little updating and with a little vision you can find that curb appeal that many are lacking. To search for homes in Wheat Ridge, make sure to visit our website, click here and let me know if it is an area that might be worth taking a look at.
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