In a town whose history dates back to a frontier town of farmers and ranchers, just east of the state capital of Colorado, this town boasts as one of the third largest cities in the U.S. and ranked as the 67th largest city in the nation. Living here admidst the average yearly statistic of 300 days of sunshine, you could choose a home in one of the 450 neighborhoods this city offers. Redbook magazine highlighted Aurora as one the most affordable housing markets in March 2010. The city was also billed 9th in the 50th most faublous places to live.
Homes are situated in Adams and Douglas Counties offering ease of travel from the nearby Denver International Airport. The city offers a business environment with aerospace, military and biotechnology to name a few. With 25 large employers in Aurora, the region is experiencing a booming economy.
A community development manager is available to offer a comprehensive program for a variety of housing related services such as educational seminars and financial assistance to first time home buyers. The Aurora Chamber of Commerce, if contacted, offers a relocation information packet while the Aurora Association of Realtors has concise information to the specific area you may be interested in living in this populated city of over 277,000 which is now expected to reach 310,000. As a homeowner in this city, you will experience a life where the living is as much about the indoors as it is the outdoors. With the Rocky Mountain National Park and Pikes Peak in close proximity, your home will continue to hold its value and worth as your family grows and enjoys the beauty while life progresses.

Is now the time to buy a foreclosed home in Aurora, Colorado? That may depend on why you are buying the house and where in Aurora you are buying the house.

There are currently 10,893 foreclosed or pre-foreclosure home for sale in Colorado. Aurora has a good portion of these houses, which can make it a buyer’s market. However, you need to know the market and not over pay for any house.

If you are an investor, then there are not very many properties on the Aurora market that make sense. A year ago you could buy fixer-uppers in Aurora for less than $50 /sq ft. If you spent $15-25K on improvements on a 1200 sq ft house you could sell the house for $100-120K and make a nice profit. Now it very hard to find a house in Aurora for less than $80/ sq ft, even for a fixer-upper. This makes it very hard for an investor to make a profit on these houses, so it is not an investor’s market.

But, if you are looking for a home to live in, it can still make sense to buy a house in Aurora. Prices are still below replacement costs, Aurora is close in to minimize travel time and costs, and interest rates are still very low. There are many commercial projects recently completed or online that provide jobs, shopping, and a sense of community.

To help you find the perfect home for in Aurora, contact a real estate professional to guide you through the process. Now is the time to find the perfect house for you at a very attractive price.