New Build Communities Selling 40% Below Cost: Distress Or Opportunity?

Denver just hit 12,500 active listings while losing 6,500 residents since 2020. This creates a unique moment for Colorado investors. While 79% of property managers report declining rental demand, distressed new build communities are trading at discounts approaching 37% below original cost.

Chris Lopez hosts this month's Denver real estate market update for October 2025 with Denver's most experienced real estate panel: Troy Howell from Nova Home Loans, Jeff White from Envision Advisors, and Brandon Scholten from Key Renter Property Management. Together they analyze data showing inventory growth slowing to 14% year over year. New listings dropped 5% and closed sales fell 7%.

The panel reveals critical insights you won't find elsewhere. Condos have seen five consecutive months of price declines. One new build community dropped from $750K per door underwriting to $470K actual sales price. Rental properties in premium locations near Coors Field are leasing for $800 less than previous tenants paid.

Brandon shares that the average tenant credit score has plummeted to 566. Jeff discusses how room-by-room strategies are holding flat when traditional rentals are struggling. The average property takes 27 days to lease with 2.2 price drops.

📒Link to Show Notes:
https://denverinvestmentrealestate.co...
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🤳 Get in touch!

Brandon Scholten: [email protected]

Troy Howell: [email protected]

Jeff White: [email protected]

Instagram: @realestatewithchrislopez or   / realestatewithchrislopez  
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⏰ Timecodes⏰

00:00 Intro
01:22 - Market Trends: 12,500 Active Listings (Up 14% YOY)
05:28 - Detached vs Attached: Five Consecutive Condo Price Declines
09:35- 2026 Price Predictions: Panel Split on Market Direction
09:35 - Distressed New Builds: Wheat Ridge Deal at 40% Discount
11:09 - Denver County Population Drops 6,500 Since 2020
17:16- Work-From-Home Impact: Migration Across Colorado
19:38 - Office Relocation: Why Businesses Leave Denver
22:09 - Contrarian View: Buying Opportunities in Denver's Downturn
24:35 - Homeowner Equity: 2.8% Seriously Underwater Nationwide
27:44 - 50-Year Mortgage Debate: $200 Savings vs $300K Interest
35:26- Rental Market: 26.8 Days Average, 79% Report Lower Demand
39:35- Credit Score Crisis: Average Tenant Score 566
42:58 - Aurora Duplex: $580K with $10K Down Using DPA
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NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO