Lake Arbor Neighborhood Update for January 2011, Arvada Colorado

Arvada’s Lake Arbor neighborhood market report is below. If you’d like more details, just let me know!

Arvada Colorado is a small city with a historic town center about midway between Denver and Boulder.

The Lake Arbor neighborhood consists of over 1000 homes, of mixed style including bi-levels, tri-levels, single story and two-story homes built in the 1970s.

There is a town house section too. However, in order to not skew the numbers this report sticks to only single family homes.

Lake Arbor is in the northeast corner of Arvada, just south of 88th Ave. and east of Wadsworth.

Before you buy or sell it’s important to know what’s happening locally – right down to the neighborhood level.  If you’re thinking you might buy a home or sell a home in Arvada, or even the Lake Arbor neighborhood, I hope this information helps.

Read my other posts for more Arvada neighborhoods info.

The following is based on figures taken from Metrolist on January 10, 2011.

Number Currently for Sale                                        

21 (Up slightly from 20 in October 2010)

Median List Price                                                      

$239,900 (Down from $254,475 in October 2010)

Number Currently Under Contract                            

2 (Down slightly from 3 in October 2010)

Number Sold Past Six Months                                

11 (Down from 21 in October 2010)

Median Sold Price Past Six Months                      

$237,500 (Down from $252,000 in October 2010)

Median Days on Market for Sold Homes              

54 (down from 57 in October 2010)

Absorption Rate                                                          

11.5 months (Up from 5.7 in October 2010)

Percent Distressed Sales                                            

36% (Up from 14% in October 2010)

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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 life between Denver and Boulder - things to do, shopping, entertainment, neighborhoods, real estate

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