Did you know there are neighborhoods in Denver with a greater than 75% foreclosure rate and more than 20% price decreases in from 2006 to 2007?  There are also neighborhoods that had greater than 15% price gains in the same time period with a less than 10% foreclosure rate.   

They are often almost next door to each other, especially close to the Denver downtown core.  What distinguishes these neighborhoods?  Average price.  All the neighborhoods with huge decreases and very high foreclosure rates have an average house price around 100K, the neighborhoods doing well?  Average house price around 800 K in close to the core and around 400 K in the suburbs.  

The Denver Post has an excellent graphic showing different neighborhoods around the Denver metro area listing price change, foreclosure rate, average discount, average price, homes sold, and days on market for the year ending Dec. 31st, 2007.

This article in the Denver Post emphasizes the old adage: all real estate is local, that’s never been true more than it is today with the subprime lending crisis.

Denver Neighborhoods with the Largest Appreciation

Denver Neighborhoods with the Largest Losses