Arvada CO Home Sales $200-250,000 December 2011

What this report tells you: Arvada home sales in this price range showed a year-over-year uptick in the percentage that were either short sales or foreclosures.  This is unfortunate, but it is good to see this inventory getting cleared out. Home sellers will have competition from bargains, but homes in good shape in this price range still bring offers from first-time buyers who are busy working and maybe raising children, and therefore don't want to buy a house that needs a lot of work.

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 $200,000 and $250,000 in December 2011.

• 16 Arvada homes sold in December 2011 between $200,000 and $250,000.  60 median days on market.  16Arvada homes sold as a foreclosure,  1 as a short sale. So in this price range 44% of Arvada homes were distressed sales in December of 2011.

  Arvada homes that sold between $200,000 and $250,000 in December 2011 were found in the following neighborhoods:

Lake Arbor (Click to read neighborhood report)

Ralston Valley    *    Vada Heights    *    Landing at Stanley Lake

Cameo Estates    *    Arvada Park View    *    Woodland Valley

MacArthur Park    *    Nancy Lyn Estate    *    Maple Ridge

Arvada West    *    Club Crest South

• 2010 saw  12 Arvada homes sell during December between $200,000 and $250,000. 66 median days on  market.  2 Arvada home sold as a foreclosure,  none as a short sale.  That means 17% were distressed sales.

• 2009 saw 24 Arvada homes sell during December between $200,000 and $250,000.  49 median days on market. 3 Arvada homes sold as a foreclosure, 3 were short sales.  A 25% rate of distressed Arvada home sales in December of 2009.

• Currently, there are 66 Arvada homes for sale and 27 under contract in this price range.

Of those that are for sale, 7 are foreclosures and 12 is a short sale.  29% of Arvada homes for sale today between $200 and $250,000 are distressed sales.

Of the Arvada homes currently under contract, 3 are short sales and 4 are foreclosures. That's a 26% rate of 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.

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Copyright © 2012 Joetta Fort, Broker Associate, Equity Colorado