See Arvada Homes for Sale between $200,000 and $300,000
Read on for a report on Arvada Home Sales:
homes under contract are purple,
homes for sale are blue.
What this report tells you: This is still a strong seller's market even though days on market have increased to the same number as last year. I believe that's due to sellers of Arvada homes realizing they can get more for their homes than they previously thought, and getting those properties on the market. The percent of distressed sales has also increased, I believe that is also due to the price increases; banks are releasing some of the properties they've held back on.
Also, the number of homes selling at or above asking price is coming down. In fact, the majority of those sold right at asking price or just $3,000-5,000 above. I'm seeing very few selling $10,000 or more than asking price. I believe that's also due to seller's becoming savvy to the market and pricing more aggressively.
How to buy a house: If you find a house you really like that's new to the market, make a full price offer or slightly higher (that's after your agent checks neighborhood comparables of course!). If you find one that's been on the market longer than 3 weeks or so, you may be able to get it for slightly less.
How to sell a house: In a normal Colorado winter, home sales slow down significantly. But for those Arvada homes that are available in this price range, buyers are still rushing to get multiple offers submitted. We may have a slowdown for the holidays, but if you want to sell your house, I'd suggest preparing now to get it on the market in January.
35 of the Arvada homes sold in this price range closed at or above list price (47%).
Absorption rate for Arvada homes: Just over a month - seller's market
Please Note:
- This report includes only detached single family Arvada homes listed or sold between $200,000 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.)
- 'DOM' stands for 'days on the market'
- Currently, there are 78 Arvada homes for sale in this price range. 14% of them 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.
- There are 97 Arvada homes under contract in this price range. 13% are distressed sales.
- Arvada Home Sales Last Month
Homes sold: 75
Median DOM: 23 (up from 7 just two months ago)
Distressed sales: 15%
- Arvada Home Sales one year ago:
Homes sold: 52
Median DOM: 21
Distressed sales: 4%
- Arvada Home Sales two years ago:
Homes sold: 26
Median DOM: 66
Distressed sales: 0%
Click this link to see Arvada Home Sales in the other price categories.
See past and future market reports for Arvada, Westminster, and Broomfield CO.
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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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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. Read what past clients have said about me.
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Copyright © 2013 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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