See current market reports for Arvada, Westminster, and Broomfield CO (click the link)
What this report tells you: The most dramatic finding in this month's report is the increasing amount of time Arvada homes in this price range stay on the market before they go under contract. With nine homes sold and 32 on the market, that figure probably won't show much improvement any time soon. But this is a year of improving news for the Denver to Boulder real estate market, so we'll see what the summer home-selling season brings!
Click this link to see Arvada Home Sales in the other price categories.
The following information was obtained from Metrolist on January 14, 2012. This report includes only detached single family Arvada homes that sold between $400,000 and $500,000 in December 2011.
9 Arvada homes sold in December 2011 between $400,000 and $500,000. 112 median days on market. 2 of them were foreclosures, none were short sales. So in this price range 22% of Arvada homes were distressed sales in December of 2011.
Arvada homes that sold between $400,000 and $500,000 in December 2011 were found in the following neighborhoods:
Village of Five Parks * Wyndham Park (click to read about these neighborhoods)
Fieldstone * Sunrise Ridge
La Conte * Lakeshore
2010 saw 4 Arvada homes sell during December between $400,000 and $500,000. 71 median days on market. None of them were foreclosures, none were short sales. That means 0% were distressed sales.
2009 saw 5 Arvada homes sell during December between $400,000 and $500,000. 52 median days on market. 2 of them were foreclosures, none were short sales. A 40% rate of distressed Arvada home sales in December of 2009.
Currently, there are 32 Arvada homes for sale in this price range. Two are short sales, and one is a foreclosure, for a 9% rate of distressed homes for sale.
Currently, there are 9 Arvada homes under contract in this price range, none are foreclosures or short sales. 0% of Arvada homes for sale and under contract today between $400 and $500,000 are distressed sales.
(I’m using the term ‘distressed sales’ to refer to short sales and foreclosures. A ‘regular’ sale may also have been ‘distressed’ in the sense that the home was in need of major work.)
Click this link to see Arvada Home Sales in the other price categories.
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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
Read more about Arvada Colorado, a historic small town between Denver and Boulder.
Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting
Copyright © 2012 Joetta Fort, Broker Associate, Equity Colorado
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