Where to Buy (Even) Now
Sure, things are tough around Denver, but good options exist—if you know where to look. We've found 14 neighborhoods offering safe bets in a shaky market. Plus, real estate insiders dish on up-and-coming areas where deals abound.
Boundaries: Louisville is loosely bordered by U.S. Highway 36, West Baseline Road, Highway 42, and McCaslin Boulevard.
The Neighborhood: More of a real town than a neighborhood, Louisville has been racking up the accolades: In 2007 the city was listed number three on Money magazine's Best in the West section of its Best Places to Live. With about 20,000 residents, this small mining-town-cum-classic-suburb between Denver and Boulder is a sleeping giant of real estate. With a quaint downtown area that hosts events like concerts, holiday parades, and ice skating, Louisville is the quintessential family-friendly spot. Homes are mostly from the '80s and newer, but blocks of older houses huddle around the outskirts of the town center. Areas that feed into the Fireside and Coal Creek elementary schools as well as the Monarch K-8 and High School are highly sought after. The Mayberry-style ambience hits a hard-to-find note in the metro area, but Louisville's access to job centers—the tech industry in its backyard, University of Colorado, and Denver only 35 minutes away—makes it even more attractive.
Why It's a Safe Bet: Great schools, upcoming rail access, proximity to jobs (including the redevelopment of the Sun Microsystems site by Phillips-Conoco), and a community-building Main Street.
Average Sale Price: $392,000 in 2007 and early 2008; up 7.3 percent from 2006
Meet a Neighbor: Dougald MacDonald
Freelance Writer and Editor
Neighborhood Resident: 7 years
Loves: "Louisville is very close to the trails and rock climbs of the foothills (less than 15 minutes' drive to Eldorado Canyon, for example), and to the restaurants and shops in Boulder, but you can get twice the house for the money than you would in Boulder. There's also a huge trail network in Louisville itself. And the town is very safe: We once accidentally left our garage door open when we were away all weekend, with all of our bikes and skis, etc., lit up by the overhead light like they were on display, and nothing was missing."
Doesn't Love: "Much of the town has the same drawbacks as any suburb (along with the attributes). Unless you live or work in the old town, there's not really any "there" there. And like most residents, we have to get in the car to do any form of shopping or to go out to eat."
Advice to Prospective Buyers: "Explore the neighborhoods carefully before choosing a home in Louisville (or dismissing the town). The style, size, and desirability of homes often changes from block to block, and many of the best areas are in hidden-away pockets. You're definitely not seeing the best of Louisville if all you do is cruise along McCaslin or South Boulder Road."
Related Articles: Welcome to the Neighborhood