Arvada, Colorado, Time to Sell, Seller's Market, Home Value, Jeffco, CO
The real estate market in the Denver Metro area is in the middle of a drastic seller’s market. Although this market is affecting most areas of Colorado, Arvada is certainly experiencing the extremes of a seller’s market.
The simplest explanation of a seller’s market is that there are more buyers looking to buy homes than there are homes on the market for them to purchase. Such a market is often characterized by fewer days on the market, multiple offer situations and offers and sales above asking price. All of these are occurring in Arvada’s current real estate market.
In Arvada there are currently 206 single family homes actively for sale. These homes have 2-6 bedrooms, 1-7 bathrooms, 816-7,518 square feet, are listed at an average of $518,157 or $220.98 per square foot and have been on the market for an average of 78 days.
Arvada also has 28 townhomes and condos for sale with 1-4 bedrooms, 1-4 bathrooms, 527-2,911 square feet and are listed at an average of $201,518 or $135.83 and have been on the market for an average of 21 days.
296 single family homes in Arvada are under contract. These properties have 2-6 bedrooms, 1-6 bathrooms, 812-6,806 square feet, are list at average of $353,811 or $191.69 per square foot and have been on the market for an average of 27 days.
73 Arvada townhomes and condos are also under contract with 1-6 bedrooms, 1-4 bathrooms, 654-2,888 square feet, and are listed at an average of $194,148 or $139.57 per square foot and have been on the market for an average of 28 days.
It is clear homes in Arvada are selling quickly, both single family detached homes and condos and townhomes. In the past few months, the average amount of days a home spends on the market before selling has increased slightly, however as this has increased, home prices have also increased.
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