Market Analysis, Lakewood Terrace, Lakewood, CO, 80410, Jefferson County
Lakewood Terrace is a warm community in Lakewood Colorado. The current and recent market trends in the neighborhood show there is a high demand from buyers to move into the neighborhood and that current residents are content living there as well.
There are currently three homes actively listed in the Lakewood Terrace neighborhood. The first is a 2 story home built in 1954 with 2,440 square feet. The home has 4 bedrooms, three bathrooms and is listed at $209,900. The second is a ranch style home built in 1954 with 1,214 square feet. This home has 5 bedrooms, 2 bathrooms and is listed at $239,000. The third home is a tri level built in 1989, with 2,305 square feet, 5 bedrooms and 4 bathrooms. This home is listed at $279,900.
There is one home currently pending in status. This home is a bi-level with 1,700 square feet, 4 bedrooms, 3 baths, and is listed at $155,000. This home has been on the market a total of 174 days.
In the past three months, three Lakweood Terrace homes have sold; all three were ranch style homes built in the mid to late 1950’s. The first home had 1,236 square feet, 3 bedrooms, 2 bathrooms and sold for $163,000 after being on the market for 195 days. The second home had 1,610 square feet, 4 bedrooms, 3 bathrooms, and sold for $196,500 after 72 days on the market. The third home had 1,450 square feet, 3 bedrooms 3 bathrooms and sold for $230,000 after 37 days on the market. All of these homes sold at or above their asking price.
The real estate market in Lakewood Terrace may seem slow, but that can be a strong indication that the residents of the neighborhood are happy living there and want to stay. Also, the fact that the only homes sold recently in the area have sold at or above asking price indicates a high demand for homes in the neighborhood.