Arvada Colorado's Lake Arbor Neighborhood Update October 2010

Arvada’s Lake Arbor 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 Lake Arbor neighborhood consists of over 1000 homes, of mixed style including bi-levels, tri-levels, single story and two-story homes built in the 1970s.

There is a town house section too. However, in order to not skew the numbers this report sticks to only single family homes.

Lake Arbor is in the northeast corner of Arvada, just south of 88th Ave. and east of Wadsworth.

Before you buy or sell 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 Lake Arbor 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                                        20 (Down from 20 in September 2010)

Median List Price                                                      $254,475 (Up from $246,825 in September 2010)

Number Currently Under Contract                            3 (Up from 1 in September 2010)

Number Sold Past Six Months                                 21 (Up from 20 in September 2010)

Median Sold Price Past Six Months                      $252,000

Median Days on Market for Sold Homes               57

Absorption Rate                                                          5.7 months (Down from 6 months in September 2010)

Percent Distressed Sales                                            14% (Down from 15% 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

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 © 2011 Joetta Fort