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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 Copyright © 2012 Joetta Fort

What this report tells you:  With 61 homes on the market, it seems there’s a lot for Arvada home buyers to choose from in this price range.  However, 19 selling in the month of December means there’s only slightly better than a 3-month absorption rate.

From what I’ve seen out there, I believe the high number of days an Arvada home sits on the market before getting under contract is due to the fact that homes in this price range are more likely to need a lot of work. And since this is the hottest price range for first-time buyers, who may not have the extra cash or skills to fix up a house, people are willling to keep looking until they find a better-maintained home.

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 between $150,000 and $200,000 in December 2011.

• 19 Arvada homes sold in December 2011 between $150-200,000, with 63 median days on market. 7 were foreclosures, 1 was a short sale, for a 42% rate of distressed sales.

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Arvada homes that sold between $150-200,000 in December 2011 were found in the following neighborhoods:

Tennyson Park    *    Westree    *    Lamar Estates    *    Club Crest

Lake Crest    *    Alta Vista    *    Lamar Heights

Leyden Townsite    *    Koldeway    *    North Arvada Park

Patio Subdivision    *    Parkway Estates    *    Benbolt

Northridge    *    Arlington Meadow

• 2010 saw 23 Arvada homes sell during December between $150-200,000, staying on the market for a median of 23 days. 10 of these were foreclosures, 1 was a short sale; that’s a 50% rate of distressed sales.
• 2009 saw 29 Arvada homes sell during December between $150-200,000, staying on the market for a median of 31 days.  10 of these were foreclosures, 4 were short sales, for a 50% rate of distressed sales.
• Currently, there are 61 Arvada homes for sale between $150-200,000, and 40 under contract.

Of the 61 that are for sale, 15 are short sales and 16 are foreclosed properties. A 49% rate of distressed homes for sale.

If you would like any more details or to see any of these Arvada homes for sale, please contact me asap.

Of the 36 currently under contract, 20 are foreclosures and 3 are short sales; a 64% rate of 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, Broker Associate, Equity Colorado

What this report tells you: Arvada home sales in this price range showed a year-over-year uptick in the percentage that were either short sales or foreclosures.  This is unfortunate, but it is good to see this inventory getting cleared out. Home sellers will have competition from bargains, but homes in good shape in this price range still bring offers from first-time buyers who are busy working and maybe raising children, and therefore don’t want to buy a house that needs a lot of work.

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 between $200,000 and $250,000 in December 2011.

• 16 Arvada homes sold in December 2011 between $200,000 and $250,000.  60 median days on market.  16Arvada homes sold as a foreclosure,  1 as a short sale. So in this price range 44% of Arvada homes were distressed sales in December of 2011.

Arvada homes that sold between $200,000 and $250,000 in December 2011 were found in the following neighborhoods:

Lake Arbor (Click to read neighborhood report)

Ralston Valley    *    Vada Heights    *    Landing at Stanley Lake

Cameo Estates    *    Arvada Park View    *    Woodland Valley

MacArthur Park    *    Nancy Lyn Estate    *    Maple Ridge

Arvada West    *    Club Crest South

• 2010 saw  12 Arvada homes sell during December between $200,000 and $250,000. 66 median days on  market.  2 Arvada home sold as a foreclosure,  none as a short sale.  That means 17% were distressed sales.
• 2009 saw 24 Arvada homes sell during December between $200,000 and $250,000.  49 median days on market. 3 Arvada homes sold as a foreclosure, 3 were short sales.  A 25% rate of distressed Arvada home sales in December of 2009.
• Currently, there are 66 Arvada homes for sale and 27 under contract in this price range.

Of those that are for sale, 7 are foreclosures and 12 is a short sale.  29% of Arvada homes for sale today between $200 and $250,000 are distressed sales.

If you would like any more details or to see any of these Arvada homes for sale, please contact me asap.

Of the Arvada homes currently under contract, 3 are short sales and 4 are foreclosures. That’s a 26% rate of 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.

* * * * * * * * * * * * * * * * * * * * * * * *

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, Broker Associate, Equity Colorado

What this report tells you:  Last month’s report on Arvada homes in the $250-300,000 price range showed a big year-over-year improvement in days on market along with a pretty good uptick in distressed sales, and both trends continued into this month.  A home buyer shopping in Arvada in December would have noticed a higher percentage of foreclosed properties, and would have had to act fast to get one for themselves.

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 between $250,000 and $300,000.

• 8 Arvada homes sold in December 2011 between $250,000 and $300,000.  29 median days on market.  1 home sold as a foreclosure,  one as a short sale. So in this price range 25% of Arvada homes were distressed sales in December of 2011.

Arvada homes that sold between $250,000 and $300,000 in December 2011 were found in the following neighborhoods:

Westwoods Ranch (Click to read this neighborhood report)

Ralston Acres    *  Woodland  Valley    *    Maplewood Estates

Columbine Acres    *    Ralston Estates    *    Cottonwood Ridge

Arbor Estates

• 2010 saw  12 Arvada homes sell during December between $250,000 and $300,000. 95 median days on  market.  1 home sold as a foreclosure,  1 as a short sale.  That means 8% of homes sold in Arvada in December of 2010 were distressed sales.
• 2009 saw 12 Arvada homes sell during December between $250,000 and $300,000.  67 median days on market. 1 home sold was a foreclosure, none were short sales.  An 8% rate of distressed Arvada home sales in December of 2009.
• Currently, there are 40 Arvada homes for sale and 11 under contract in this price range.

Of those that are for sale, 3 are foreclosures and 1 is a short sale.  10% of Arvada homes for sale today between $200 and $250,000 are distressed sales.

If you would like any more details or to see any of these Arvada homes for sale, please contact me asap.

Of the Arvada homes currently under contract, 1 is a short sale and 1 is a foreclosure. That’s a 18% rate of 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.

* * * * * * * * * * * * * * * * * * * * * * * *

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, Broker Associate, Equity Colorado

What this report tells you:  Nice to see some movement in Arvada homes’ $500,000+ price range, even though it’s consistent with past years.  There’s still 40 homes listed in this price range, but this much movement so early in the year bodes well for getting that inventory cleared out.

Click this link to see Arvada Home Sales in the other price categories.

The following information was obtained from Metrolist on January 11, 2012.  This report includes only detached single family Arvada homes that sold for more than $500,000.

• 6 Arvada homes sold in December 2011 at $500,000+. None were short sales or foreclosures, for a 0% distressed rate.  Homes were on the market for  a median of 187 days before going under contract.

Arvada homes that sold last month for $500,000+ were found in the following neighborhoods:

Fieldstone                                Spring Mesa                    Westwoods Ranch

Village of Five Parks                        Wildflower Pond

• 2010 saw 6 Arvada homes sell during December at $500,000+. 1 of them was a short sale, for a 17% rate of distressed sales.  225 median days on market.
• 2009 saw 6 Arvada home sell during December for $500,000+.  197 median days on market. 3 were short sales for a 50% rate of distressed sales.
• Currently, there are 40 Arvada homes in this price range *for sale, none are short sales or foreclosures; and 7 under contract, none are foreclosures, two are short sales.

* If you would like any more details or to see any of these Arvada homes for sale, please contact me asap.

(I’m using the term ‘distressed sales’ to refer to short sales and foreclosures.)

Click this link to see Arvada Home Sales in the other price categories.

* * * * * * * * * * * * * * * * * * * * * * * *

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, Broker Associate, Equity Colorado