How's the Market for Arvada's Rainbow Ridge Neighborhood in 2011?

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. Rainbow Ridge is popular due to the large unique homes and many lots have views.

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 6, 2011.

Number Currently for Sale

1 (Down from 2 in June)

Median List Price

$346,643 (Down from $362,500 in June)

Number Currently Under Contract

0 (Down from 1 in June)

Number Sold Past Six Months

5 (Up from 4 in June)

Median Sold Price Past Six Months

$342,500 (Virtually unchanged from June's $344,571)

Median Days on Market for Sold Homes

17 (Way down from June's 43 DOM and January's 93 DOM)

Absorption Rate

1.2 months (Slight improvement from 1.3 months in June)

Percent Distressed Sales

0% (As usual.)

Copyright © 2011 Joetta Fort

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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.