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5300 DTC Pkwy , Suite 260 Greenwood Village, CO 80111

NMLS#: 1775448
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Pearl Street, Denver Neighborhood

Real Estate and Lifestyle Overview:

Pearl Street neighborhood in Denver offers a blend of suburban and urban lifestyle. With fascinating historical architecture, the real estate landscape comprises condos, single-family homes, and apartment buildings. As per Zillow, Denver's overall real estate market has seen a 5.4% yearly increase in home values. A Denverite's lifestyle is wholesome, balancing work with an assortment of outdoor recreational activities unique to Colorado. The region offers diverse employment opportunities, fueled by significant industries such as technology, healthcare, and tourism.

Real Estate Market:

The current median home price in the Pearl Street neighborhood is about $529,900 according to Zillow. The market has seen a steady appreciation in prices with trends predicting a continued increase. Homes spend an average of 22 days on the market which indicates a competitive market. Unique to the area are Victorian-era and Denver Square homes.

Educational Landscape:

Denver Public Schools serve the Pearl Street community, known for their progressiveness and diversity. Nationally, Denver Public Schools rank in the top half. Their standardized test scores show a 42% proficiency in reading and 34% in math (GreatSchools). The area is also close to several universities like University of Colorado Denver, offering a wide range of programs.

Crime Rate:

The overall crime rate in Denver is 39.7 per 1,000 residents (AreaVibes). The majority are property-related crimes, although motor vehicle theft has seen an uptick in recent years. The overall crime rate is higher than the national average.

Population Growth:

Denver has seen a steady population growth, growing 21% since 2010. Influencing factors include a vibrant economy, a balanced lifestyle, and the widespread availability of outdoor recreational activities. This growth has stimulated Denver’s economy, causing an elevation in the housing market.

Employment/Career Opportunities:

Denver is home to several significant industries including technology, healthcare, aerospace, and tourism. The city’s largest employers include the U.S. Government, Denver Public Schools, and HealthONE Corporation. The job outlook is promising, driven by growth in tech and healthcare sectors.

Entertainment:

Denver boasts a diverse entertainment scene including landmarks like Denver Art Museum, Denver Zoo, and Red Rocks Park and Amphitheatre. The area hosts a myriad of outdoor activities, cultural events, and food festivals. Denver's nightlife buzzes with a plethora of craft breweries and rooftop bars.

Ideal Population and Lifestyle Profile:

The Pearl Street neighborhood is suited to young professionals drawn by career opportunities, families attracted by reputed schools, and outdoor enthusiasts entranced by Colorado's unique scenery. 

Sources:

1. Zillow Real Estate Data: https://www.zillow.com/

2. Great Schools, Denver Public Schools: https://www.greatschools.org/

3. Area Vibes, Denver Crime Rate: https://www.areavibes.com/

4. U.S. Census Bureau, Denver Population Growth: https://www.census.gov/

In summary, Pearl Street neighborhood in Denver offers a wholesome lifestyle driven by a vibrant economy, diverse job opportunities, and an assortment of outdoor recreational activities. The real estate market is competitive and continues to appreciate. Despite an overall crime rate higher than the national average, people continue to migrate to Denver for its unique blend of urban-suburban living, culture, and natural attractions.

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