What this report tells you: A couple of good trends in this price range are a reduction in the number of days Arvada homes stay on the market before going under contract, and a lowering percentage of distressed sales. Coupled with the fact that vacancy rates in residential rentals are so low means pressure should be showing up in prices.
Click this link to see Arvada Home Sales in the other price categories.
The following information was obtained from Metrolist on January 14, 2012. This report includes only detached single family Arvada homes that sold for $150,000 or less.
- 17 Arvada homes sold in December 2011 under $150,000. 45 median days on market. 7 were foreclosures, 2 short sales. So 53% were distressed sales.
Arvada homes that sold under $150,000 in December 2011 were found in the following neighborhoods:
Allendale * Shannon * Highland Homes
Far Horizons * North Arvada Park * Columbine Acres
Ralston Hills * Koldeway * Club Crest
- 2010 saw 21 Arvada homes sell during December below $150,000, with 72 median days on market. 14 Arvada homes were foreclosures, 4 were short sales. A 86% rate of distressed sales.
- 2009 saw 8 Arvada homes sell during December below $150,000, staying on the market for a median of 117 days. 4 were foreclosures, 3 were short sales, for a 88% distressed sales rate.
- Currently, there are 14 homes for sale and 10 under contract in this price range.
Of the 14 that are for sale, 4 are foreclosures, 5 are short sales, and the rest are being sold by individuals or estates. That’s a 64% rate of distressed homes.
If you would like any more details or to see any of these homes, please give me a call.
Of the 17 under contract, 4 were short sales and 12 were foreclosures. 96% distressed sales.
(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.)
Click this link to see Arvada Home Sales in the other price categories.
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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.
*Arvada, Broomfield, Lafayette, Louisville, Superior, Westminster; also Thornton, Golden, Wheat Ridge, Northglen, Lakewood
Read more about Arvada Colorado, a historic small town between Denver and Boulder.
Find Homes for Sale, no Matter Who Listed Them, at Dream House Hunting.
Gardeners – please visit my blog about high plains gardening, Beauty of Gardening.
Copyright © 2012 Joetta Fort
I do tire of writing profiles about myself, I'd much rather talk about you! So please email or call me sometime.
And if you're looking for someone to maybe help you buy or sell a home in the vicinity north of Denver, Colorado and you'd like to learn more about me, visit my website, DreamHouseHunting.com.
If at least a little info would be helpful, I've lived in Arvada since 1993, I've been a licensed, full-time real estate agent since 2001. You can read some past clients' testimonials on my website.
I hope to hear from you soon!
Joetta Fort, Broker Associate
Equity Colorado 
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