The State of Luxury

Aspen. Boulder. Denver. Telluride. Vail. No matter where you go in Colorado, buyers seeking an outstanding quality of life and a high standard of living can find it in many of the state's big or small cities. In this beautiful state, the Legendary Group is engaging buyers from around the world who desire a piece of Rocky Mountain luxury.

Beauty and Quality of Life

More than 300 days of sunshine make Colorado a mecca for sports and outdoor enthusiasts, from skiers who crave winter's fresh powder to hikers who navigate the Rocky Mountain back country each summer. For those into team sports, there are five major-league teams that call Colorado home.

Colorado also has a top symphony, an opera house, historical and other museums, upscale shopping districts, and many pockets of luxurious urban and mountain housing where residents can indulge in a laid-back lifestyle with a scenic backdrop.

Education, too, is a priority for Coloradoans. Hundreds of public and private educational options, including free charter schools, give residents the ability to pick and choose their ideal learning environment. Boulder, Colo., in fact, was named in 2008"America's Smartest City" by Forbes, much in part because of the city's commitment to diverse educational opportunities.

Sustainable Value

It's a simple, livable, bountiful life in Colorado, and the secret is getting out. In April, Forbes named Denver one of its Most-Livable Cities in America. The capital city also was listed alongside three other Colorado cities (Boulder, Fort Collins and Colorado Springs) on Forbes'20 Best Places for Business and Careers list.

The recession has hit housing hard in every area of the country. A recent Forbes report ranked the 25 largest U.S. metro areas on the basis of change in price per square foot, frequency of real-estate transactions, and how evenly distributed home-sales activity is in a metro area. Guess which metro area topped the list? Denver.

Overall, the state is poised to be among the first for economic recovery. Denver, in particular, is rated as the No. 1 American city on the edge of recovery based on: job growth, growing population, good weather, first-time buyers, no overbuilding, vital downtown, educated population, slowdown in foreclosures.

Attainable Luxury

Despite its extreme desirability, however, Colorado's luxury pricing trends have remained realistic and feasible for the average luxury buyer. In the Forbes Luxury Housing Index, which tracks America's most expensive ZIP codes based on median housing prices, Colorado has only three ZIP codes in the Top 100 list. All of those ZIP codes are in Pitkin County, home to world-class ski towns Aspen, Snowmass and Snowmass Village.

The luxury real estate market is changing rapidly. Whether you're a seller, a buyer or a real estate broker, learn how you can proactively keep pace with luxury home trends and technology in Colorado and beyond. Contact Scott Franlund at 303.440.4999 or info@LegendaryGroup.com.

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