Rising property values ​​lead Wheat Ridge to appeal to long-term buyers – The Denver Post

“There’s very little turnover,” says Barry Willmarth, owner of Willmarth Real Estate Services. “People like to stay here. It is generational. People want to stay in the area where they grew up or went to high school. “

A farm in Wheat Ridge is a good investment. From June 30, 2020 to June 30, 2021, property values ​​increased by more than 20 percent, according to a study by Zillow, which looked at 50 cities and neighborhoods across the Denver subway. Like other communities in Jefferson County, Wheat Ridge benefited as the pandemic caused homebuyers to seek more space.

Place, place, place

Allie Carlson, West + Chief Executive Broker, says Wheat Ridge attracts buyers who can’t afford homes in Denver’s western neighborhoods. “They can’t afford Berkeley or Highlands, so they jump to Wheat Ridge.”

The community offers larger homes, large plots of land, mature trees and easy access to downtown Denver and the mountains via Interstate-70. “It’s easy to get anywhere,” she says.

Wheat Ridge also provides recreational opportunities along Clear Creek Trail and at parks scattered throughout the community, Willmarth says.

Wheat Ridge “offers the benefits of a big city, but it’s still a solid community,” Carlson says.

What is available?

Wheat Ridge offers a mix of mid-century modern houses, ranches and pockets of new development.

From January to August, the average sale price for a Wheat Ridge house was $ 640,000, and homes spent eight days on the market, Willmarth says.

Although property scrapes are rare, developers find small pockets of available land. For example, Work Shop Colorado plans to build 14 custom homes at Hilltop Estates, a new housing development at Kipling Street and 32nd Avenue. Willmarth says the new homes will earn prices up to $ 1.5 million.

Who is relocating?

The community is appealing to young families who want more space, or young professionals who don’t want to be crowded in the city, Carlson says. “There are people who go beyond the Highlands and Berkely. They want more space but don’t want too far. “

In addition to luring people from other parts of the Denver subway, Wheat Ridge is also popular with shoppers relocating from overseas, Willmarth says.

Wheat Ridge amenities

Wheat Ridge is part of the Jefferson County School District and Lutheran Medical Center, 8300 W. 38th Ave., serves the community.

Popular eateries include:

LaFonda: The family Mexican restaurant at 5750 W. 38th Ave. is open for support and delivery.

Stylus and Crate: The cafe at 6985 W. 38th Ave. offers special coffees, organic teas, fresh squeezed lemonades and tiny light waffles.

Vinnola’s Italian Market and Deli: Located at 7750 W. 38th Ave., Vinnola’s is a combination restaurant, market and bakery. Customers can choose to eat or take meals home.

Wheat Ridge also has two ongoing large business projects. Ridge at 38 offers a collection of shopping and dining options in downtown Wheat Ridge. Clear Creek Crossing is a mixed-use project along I-70 between 32nd Avenue and Colorado 58 that will include multi-family housing, shopping, dining, hotels, and a 35-acre office complex.

The news and editorials of The Denver Post had no role in the preparation of this poster.

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