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Arvada Colorado Wyndham Park Neighborhood Market Update October 2010

By Joetta Fort

Real Estate Agent with The DiGiorgio Group

October 20, 2010 12:30 PM

Arvada’s Wyndham Park 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 Wyndham Park neighborhood consists of about 600 homes, of mixed styles. There is an active HOA. Wyndham Park is south of 64th Ave and east of Eldridge.

For more info, please click here Arvada’s Wyndham Park neighborhood

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 Wyndham Park 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 13, 2010.

Number Currently for Sale 2 (Down from 3 in September)

Median List Price $464,450 (Up from $449,900 in September)

Number Currently Under Contract 2 (Same as September)

Number Sold Past Six Months 7 (Down from September's 9)

Median Sold Price Past Six Months $355,000 (Down from September's $360,000)

Median Days on Market for Sold Homes 46 (Down from 51 in September)

Absorption Rate 1.2 months (2 months in September)

Percent Distressed Sales 14% (1 home - 11% in September)

* * * * * * * * * * * * * * * * * * * * * * * *

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

Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting.

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Michael A. Caruso

Surterre Properties - Laguna Niguel, CA

I was just in your neighborhood this past week visiting friends in Arvada & Denver, and I also went to see the Bronco-Jets game. We had a great time and great weather!

Oct 20, 2010 12:58 PM

Ray Saenz

Exit Realty Laredo - Laredo, TX

Homes for Sale in Laredo, TX - Texas, Realtor

Joetta,
Great Real Estate Market report in this neighborhood, I hope that everything is going over there, I love your information and I bet that buyers love it too ;)

Oct 20, 2010 04:48 PM

Joetta Fort

The DiGiorgio Group - Arvada, CO

Independent Broker, Homes Denver to Boulder

Thanks for stopping by, gents. It has been lovely here in Colorado, hasn't it?

Oct 21, 2010 06:06 PM

Anja Kerstens, 669.270.8034

Compass - Morgan Hill, CA

GRI, NHCB, CDPE, CHS. Silicon Valley Homes

Joetta,

Your medium list price of $464,450 is not down from September's but up. I didn't run the numbers yet in my area but it is interesting to see that the market is down slightly in October vs. September. Of course the month is not over yet but still an interesting fact. I ran numbers for September 2010 vs. September 2009 and saw a large increase in property values and attribute that to the fact that there were a large number of bank owned properties that sold in September 2009.

Does your market tend to slow down in the winter months too?

Oct 24, 2010 10:56 AM

I forgot to mention that I was impressed with your inclusion of the absorption rate. That is often overlooked because some agents don't understand the concept or how to calculate it.

Oct 24, 2010 10:58 AM

Thanks for pointing out my error, Anja. I fixed that and another typo I noticed while I was in there!

Yes, our area does slow down this time of year. The odd thing is, it picks up again immediately after the new year. I guess we've gotten used to the cold weather by then, and accepted the fact that it's not so terrible after all, so we might as well get our homes bought and/or sold, as the case may be.

I need to do year over year analysis too, but from everything I've seen, it'll be down. Too bad, it looked for awhile like we had turned the corner.

Thanks for stopping by!

Oct 24, 2010 11:28 AM

Arvada Colorado Wyndham Park Neighborhood Market Update October 2010

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