DENVER Denver real estate is expensive and it just keeps getting more so, which has many people asking: Are we in another bubble that's about to burst? Since the last housing bubble burst with the great recession in 2007 or so, Denver's economy has recovered better than most cities its size and home prices have increased by 60 percent on average, with some neighborhoods closer to 200 percent . The average sale price of a home in the Denver area was $ 439,161 in April, a new record high that puts home prices at 40 percent or more above pre-recession levels, according to Steve Danyliw, a Denver-area real estate agent and the chairman of the Denver Metro Association of Realtors Market Trends Committee.
