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What this report tells you: The percentage of Arvada homes that sold as short sales and foreclosures has steadily increased over the past three years in this price range. However, even at its highest, it's nowhere near the 40% that the Denver Metro Association of Realtors is reporting. The drop in days on market definitely softens the blow for folks hoping to sell an Arvada home between $250 and $300,000. Buyers - don't lollygag if you find a home you like.
Click this link to see Arvada Home Sales in the other price categories.
The following information was obtained from Metrolist on May 10, 2012.
This report includes only detached single family Arvada homes listed or sold between $250,000 and $300,000. 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.
- Currently, there are 50 Arvada homes for sale in this price range, 4 of them are foreclosures and 3 are short sales. 14% of Arvada homes for sale today between $250 and $300,000 are distressed sales.
If you would like any more details or to see any of these Arvada homes for sale, please call me at 720-353-8031.
- Of the 44 Arvada homes currently under contract, 3 are short sales and 7 are foreclosures. That's a 23% rate of distressed sales for Arvada homes in this price range.
- 22 Arvada homes sold in April 2012 between $250,000 and $300,000. 23 median days on market. 3 homes sold as a foreclosure, none as a short sale. So in this price range 14% of Arvada homes were distressed sales last month.
- 2011 saw 18 Arvada homes sell during April between $250,000 and $300,000. 39 median days on market. None were short sales, 2 were foreclosures. 11% rate of distressed sales.
- 2010 saw 18 Arvada homes sell during April between $250,000 and $300,000. 34 median days on market. None were short sales, 1 was a foreclosure. A 6% rate of distressed Arvada home sales.
Click this link to see Arvada Home Sales in the other price categories.
Click this link to see Arvada Home Sales for March, 2012.
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Arvada is a historic town about midway between Denver and Boulder in Jefferson County, Colorado. There are many different neighborhood styles and homes prices, all served by well-loved schools. Call me to talk about the kind of neighborhood you dream of living in. Read more about stores, restaurants, things to do, more!Read more about life in Arvada, Colorado.
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Copyright © 2012 Joetta Fort, The DiGiorgio Group
Based on information from Metrolist, Inc. for the periods specified in the report.
Note: This representation is based in whole or in part on content supplied by Metrolist, Inc. Metrolist does not guarantee nor is in any way responsible for its accuracy. Data maintained by Metrolist may not reflect all real estate activity in the market content.
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