Westminster Real Estate- Relocation and real estate

Westminster, Colorado Real Estate and Relocation Information

As did most of Denver’s suburbs, Westminster got its start because of the Gold Rush in 1849. The Homestead Act, passed in 1862, brought many settlers to the area. The land proved to be a good place to grow apples and cherries. The arid climate challenged the eastern settlers, and many sold their land to real estate developers. Apple and cherry orchards continued to prosper, were sold to make room for the Denver-Boulder Turnpike which opened in 1952. Soon the community grew, and in 1978 city officials put in place a “pay as you go” growth policy which allowed Westminster to preserve its quality of life. The population today approaches 110,000.

Westminster, Colorado Real Estate

Many new residential communities have been built in the last decade, some using the principles of New Urbanism.

July 2008 Market Statistics

In metro Denver closed sales in July were 5,123 compared with 4,980 in July 2007, a 2.9% gain. The average selling price for the period was $262,224 compared to an average in July 2007 of $289,294, a percentage drop of 9.4. The median sale price for single-family homes was $229,200 compared with $255,000 in July 2007, for a drop of 10.1%. 969 condos and townhomes sold in July 2008, compared with 1,081 for the same period in 2007, a drop of 10.4%. Median prices for condos in July 2008 were $149,000 compared with $158,000 in July 2008, a drop of 5.7%. For single family houses, condos and townhomes the average number of days a house was on the market in July 2008 was 98, and in July 2007 was 95. The list to sale ratio was 97% in 2008 versus 98% in 2007. 25,673 houses are currently on the market and interest rates are still low. It’s a great time to buy in the Denver real estate market, but if you’re a seller you may want to wait till conditions improve.

Check out the current Market Conditions Report for further analysis.

Westminster Parks and Recreation

Recreation plays a big part in Westminster life. Standley Lake, the city’s shared reservoir, permits boating and other water sports, day use activities, and overnight camping.

Other parks and recreational facilities provide many recreational opportunities for the town’s residents and visitors. Golf courses include Legacy Ridge and the Heritage Golf Course at Westmoor. Several newer subdivisions are located on these two golf courses.

The Butterfly Pavilion is an exceptional recreational facility that plays home to thousands of butterflies from all over the world. Many flowering trees and plants in the Pavilion’s gardens provide nectar to the butterflies. Vegetables grown in the Pavilion are donated to local food banks.

Westminster Shopping and Dining

Westminster has three major shopping centers. Westminster Mall has been a staple, while Westminster Promenade is the town’s newest shopping venue. Just north of Westminster Mall is the area around the Town Center, Westfield, City Center, and Northview Shopping Centers providing more than 300 stores. Many other shopping areas dot the city giving residents a wide variety of shopping opportunities. Westminster offers a wide array of restaurant choices, from fast food to elegant dining. Check out What To Do in Westminster for the list.

Westminster features many suburban restaurants such as Carrabba’s, Dave and Busters, Gordon Biersch, Joe’s Crab Shack, Outback, Macaroni’s and a host of others. A good list of restaurants can be found here.

Westminster, Colorado Weather