Arvada Colorado Residential Home Sales - Market Overview by Price |
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Detached Single Family Homes - As of July 15, 2009 (Including All Sold Data from Previous 6 Months) |
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The media reports different statistics for real estate trends and most are national or statewide data. But remember that all real estate is local to your area. For properties in the City of Arvada, you can see by the data below, it is a seller’s market for homes below $325,000. In fact, if you are buying below $175,000, you need to see the homes the day that they come on the market to have a chance at buying. On the other hand, it is a buyer’s market above $450,000. Also note that hardly anything is selling above $700,000 in Arvada with 2 sales and 2 pending sales in the last 6 months. (The National Association of Realtors® describe a buyer’s market as less than 6 months of inventory and a seller’s market as greater than 6 months of inventory).
Is the First Time Home Buyer Tax Credit having an effect on the Market? The answer to that question is a resounding YES! We have had many buyers get out bid on several homes in and around the Denver Metro Area. Renters hoping to take advantage of the First Time Home Buyer Credit of $8,000 should consider moving up their plans as soon as possible. You have to close on your new home by November 30, 2009. I know that there will be a rush to buy before the deadline and the competition will push up prices. Also, there is a lack of single family homes available for purchase in Arvada below $225,000 now and it will get worse when everyone heads for the door to buy before the deadline. We advise that you start your search now! Start your Search listings from the Denver MLS for FREE!
Sellers, are you thinking of selling? It may be a great time to sell! If you would like to get more statistics on your current home or in an area you would like to move to, please sign up for our free home value service on the <<===left side of the web page that uses actual and current MLS data. Sign up today! |
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* Arvada Home Sales by Price Band Analysis * Lakewood Home Sales by Price Band Analysis * Denver Home Sales by Price Band Analysis * Littleton Home Sales by Price Band Analysis * Edgewater Home Sales by Price Band Analysis * Morrison Home Sales by Price Band Analysis * Golden Home Sales by Price Band Analysis * Westminster Home Sales by Price Band Analysis * Jefferson County Home Sales by Price Band Analysis * Wheat Ridge Home Sales by Price Band Analysis |
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Price Range |
Number of Actives Listings |
Number of Pendings Listings |
Pending Ratio |
Number of Solds (Last 6 Months) |
Average of Original List Price (Solds) |
Average of Final List Price (Solds) |
Average of Net Price (Solds) |
Original List to Net Price Ratio |
Average Days on Market (Solds) |
Average Days on Market (Actives) |
Monthly Absorption Ratio |
Months Inventory |
|
Below $125K |
8 |
16 |
200.0% |
34 |
$126,079 |
$105,428 |
$105,055 |
83.3% |
91 |
61 |
104.2% |
1.4 |
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$125K-$149K |
11 |
15 |
136.4% |
54 |
$150,741 |
$138,122 |
$136,301 |
90.4% |
82 |
82 |
104.5% |
1.2 |
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$150K-$174K |
21 |
20 |
95.2% |
66 |
$170,586 |
$161,259 |
$158,296 |
92.8% |
60 |
94 |
68.3% |
1.9 |
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$175K-$199K |
40 |
47 |
117.5% |
85 |
$198,992 |
$187,653 |
$184,250 |
92.6% |
88 |
104 |
55.0% |
2.8 |
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$200K-$224K |
38 |
39 |
102.6% |
93 |
$224,295 |
$210,232 |
$207,066 |
92.3% |
76 |
111 |
57.9% |
2.5 |
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$225K-$249K |
45 |
28 |
62.2% |
45 |
$246,195 |
$236,774 |
$233,520 |
94.9% |
64 |
54 |
27.0% |
6.0 |
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$250K-$274K |
31 |
18 |
58.1% |
49 |
$271,174 |
$260,763 |
$257,378 |
94.9% |
77 |
95 |
36.0% |
3.8 |
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$275K-$299K |
38 |
13 |
34.2% |
31 |
$308,842 |
$286,666 |
$283,783 |
91.9% |
113 |
114 |
19.3% |
7.4 |
|
$300K-$324K |
17 |
1 |
5.9% |
20 |
$332,855 |
$314,898 |
$312,951 |
94.0% |
69 |
105 |
20.6% |
5.1 |
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$325K-$349K |
33 |
7 |
21.2% |
20 |
$359,702 |
$334,688 |
$332,669 |
92.5% |
107 |
160 |
13.6% |
9.9 |
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$350K-$374K |
21 |
2 |
9.5% |
21 |
$380,100 |
$364,019 |
$361,022 |
95.0% |
120 |
158 |
18.3% |
6.0 |
|
$375K-$399K |
20 |
7 |
35.0% |
15 |
$420,513 |
$382,760 |
$381,181 |
90.6% |
124 |
118 |
18.3% |
8.0 |
|
$400K-$450K |
25 |
9 |
36.0% |
20 |
$464,812 |
$421,544 |
$419,419 |
90.2% |
124 |
180 |
19.3% |
7.5 |
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$450K-$499K |
38 |
2 |
5.3% |
8 |
$549,919 |
$477,156 |
$474,141 |
86.2% |
164 |
124 |
4.4% |
28.5 |
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$500K-$599K |
47 |
5 |
10.6% |
14 |
$616,519 |
$550,455 |
$548,695 |
89.0% |
151 |
151 |
6.7% |
20.1 |
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$600K-$699K |
29 |
|
0.0% |
6 |
$669,672 |
$619,417 |
$617,583 |
92.2% |
305 |
301 |
3.4% |
29.0 |
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$700K-$799K |
11 |
1 |
9.1% |
|
|
|
|
|
|
291 |
1.5% |
N/A |
|
$800K-$899K |
4 |
1 |
25.0% |
1 |
$1,195,000 |
$834,000 |
$834,000 |
69.8% |
348 |
147 |
8.3% |
24.0 |
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$900K-$999K |
4 |
|
0.0% |
|
|
|
|
|
|
218 |
0.0% |
N/A |
|
$1 Million + |
10 |
|
0.0% |
1 |
$1,550,000 |
$1,498,508 |
$1,498,508 |
96.7% |
30 |
174 |
1.7% |
60.0 |
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Grand Total |
491 |
231 |
47.0% |
583 |
$261,802 |
$243,376 |
$240,700 |
91.9% |
89 |
134 |
27.6% |
5.1 |