Arvada CO Five Parks Neighborhood Update October 10, 2010

Arvada’s Five Parks neighborhood market report is below. If you’d like more details, just let me know!

Arvada Colorado is a small city with a historic town center about midway between Denver and Boulder.

The Five Parks neighborhood consists of over 500 homes, of mixed styles. There is a voluntary HOA.

There are town houses and row houses too. However, in order to not skew the numbers this report sticks to only single family homes, which include patio homes.

Five Parks is in the northwest quadrant of Arvada, just north of 82nd Ave. and between Indiana and Alkire.

Before you buy or sell a home it’s important to know what’s happening locally – right down to the neighborhood level.  If you’re thinking you might buy a home or sell a home in Arvada, or even the Five Parks neighborhood, I hope this information helps.

Read my other posts for more Arvada neighborhoods info.

The following is based on figures taken from Metrolist on October 10, 2010.

Number Currently for Sale                                    13

Median List Price                                                    $400,000  (Down from $429,950 in September 2010)

Number Currently Under Contract                        5

Number Sold Past Six Months                               19

Median Sold Price Past Six Months                       $427,000 (Down from $429,500 in September 2010)

Median Days on Market for Sold Homes             73 (Up from 63 in September 2010)

Absorption Rate                                                       4.1 months (Down from 4.33 in September 2010)

Percent Distressed Sales                                         21%  (Down from 22% in September 2010)

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I write posts on real estate issues and local events in the Denver metro area, especially those *communities between Denver and Boulder, as a public service. My hope is to give people an idea of the 'flavor' of our community, in case they're new or moving to the Denver area.

I am a residential real estate agent, happily helping folks buy a house or sell a house in the beautiful and friendly *suburbs northwest of Denver.

*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster; also Thornton, Golden, Wheat Ridge, Northglen, Lakewood

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