The Grass is NOT Always Greener!—Rethink Moving Out of State!
Attention My Soon to be Retiring Older Friends and Clients
I have clients who want to leave Colorado and move to a “better” state. There are strong reasons to relocate closer to family. But from a lifestyle and financial gain perspective, Colorado is one of the top states to live.
A Few Key Facts in Reference to Personal Lifestyle
—Colorado is the 37th largest state in the United States, but our density is roughly only 52 people per square mile. Of course, looking at the front range area one would say, “HUH?” But look past the immediate front range and think outside of the I-25 and I-70 regions. There are wonderful areas to relocate that provide the overall benefits of Colorado but with lower living expenses. I am happy to research potential areas to help you remain in the state.
—36% of the land in Colorado is owned by the government. These are beautiful habitats for humans as well as our land, wetland, and air friends. As you consider other states, make sure you research the availability and diverse opportunities to enjoy getaways from congestion and humanity!
As an example, I support the Douglas Land Conservancy (DLC): an organization that actively preserves over 26,000 acres in Douglas, Elbert, and Jefferson counties. I am beginning my second year as a Douglas County Trail Ambassador and my sixth year of monitoring bluebirds for the county and national organizations that include Cornell University. In 2023 Douglas County was named the second healthiest county to live in the United States. This is truly special!
—According to worldpopulationreview.com, Colorado has the largest city park systems in the nation. Take a break in Denver, Colorado Springs, Castle Rock, or any of the many towns and cities to appreciate the ease of taking a walk or riding a bike to clear your head and add a beat to your step.
Financial Gain Perspective—Gotta Love Colorado!
Home prices keep going up—OH MY! And then taxes keep going up—OH MY!
When reviewing the Denver MLS for two periods of time for the average sales price for Douglas County, we see these numbers:
- In May 2012, the average sold price for homes was $351,561
- In March 2024, the average sold price for homes was $822,805
When we look at Larkspur for the same period, numbers tell a bigger story:
- In May 2012, the average sold price for homes was $388,563
- In March 2024, the average sold price for homes was $1,700.000
And when we look at the employment numbers for the two highest sectors in Colorado, according to the State’s current Colorado government statistics from 2022, the two highest sector employees are as follows:
- #1 Professional, Science and Technical 376,047
- #2 Health Services 348,105
These individuals are usually paid a nice wage and may be interested in the homestead you have enjoyed for the last 10+ years. High-paying jobs may attract individuals who want the Colorado lifestyle. What an investment! Where can you blend this lifestyle and the financial gains? We don’t see any indication that Colorado will not be a highly desirable place to live. Enjoy the increasing value of your home! Please remain here and build up your wealth while enjoying our special state. And should you decide to move out of state, I will help you consider options for your lifestyle and financial perspective. I bring 20+ years of real estate experience as an advisor and friend!
EXTRA POSTSCIPT GOODNESS!
According to the U.S. Census Bureau, the population of Douglas County increased from approximately 64,000 in 1990 to around 175,000 in 2000. At one time we were one of the fastest growing counties in the United States. But take a look at this projection according to the State of Colorado.
Projected Migration/Population of Douglas County 2024-2030.
- 2024 Population 387, 991
- 2030 Population 417,198
This equals only a 7.7% increase. Could there be a slowdown on the horizon? Stay tuned. See you on the trail!