Arvada Colorado Rainbow Ridge Neighborhood Market Update October 2010

Arvada’s Rainbow Ridge 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 Rainbow Ridge neighborhood consists of 335 homes, of mixed styles including some attached homes. There is an active HOA.  Rainbow Ridge is north of I-70 and south of 58th Ave, east of Ward Road.

For more info, please click here Arvada’s Rainbow Ridge 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 Rainbow Ridge 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                                                    $359,000  (Nearly the same as September's $360,000)

Number Currently Under Contract                        2 (One more than in September)

Number Sold Past Six Months                               7 (6 in September)

Median Sold Price Past Six Months                       $330,000 (Up from $307,500 in September)

Median Days on Market for Sold Homes             18 (Up slightly from September's 14)

Absorption Rate                                                        1.7 months (Down from 3 months in September)

Percent Distressed Sales                                         14% (1 home - down from September's 16%)

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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.Read about life in Arvada, Colorado. And here’s a little intro to Olde Town Arvada.

Find all the homes available in Arvada, Westminster, Broomfield, North Denver, Thornton, Lafayette, Louisville, Wheat Ridge and Golden.

Gardeners might enjoy my posts about gardening in Denver to Boulder’s front range.

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.

Copyright © 2012 Joetta Fort, The DiGiorgio Group