Monday, July 13, 2009

What an influx of hipsters does to neighborhood home prices...

Eagle Rock used to be a hilly working class community with lots of affordable single family homes. Yes, there were some high-end homes around Occidental College and above Colorado Boulevard. For many years now, a more hipster crowd has been buying up real estate and consequently, home prices have risen. My recent look at the inventory showed only eight homes for sale, and none were below $400k. Most are in the high $400k's to mid-$500k's and one was almost $800k. Seems like a lot of money to pay for a neighborhood that, yes, has some cool coffee places but is still a little on the edge. Just shows what a creative crowd can do.

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