Arvada CO Homes under $150-200,000 January 2012

What this report tells you: The best news in this price range is the improvement in the percentage of sales that are foreclosures or short sales. There's still enough inventory to have about a 2-month inventory, but that's what is considered a balanced market.

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

The following information was obtained from Metrolist on February 12, 2012. This report includes only detached single family Arvada homes that sold between $150,000 and $200,000 in January 2012. 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.

• Currently, there are 49 Arvada homes for sale between $150-200,000, and 44 under contract.

Of the 49 that are for sale, 11 are short sales and 9 are foreclosed properties. 41% of Arvada homes currently for sale in this price range 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 44 currently under contract, 18 are foreclosures and 6 are short sales; a 55% rate of distressed sales.

• 21 Arvada homes sold in January 2012 between $150-200,000, with 79 median days on market. 9 were foreclosures, 0 were short sales, for a 43% rate of distressed sales.

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Arvada homes that sold between $150-200,000 in January 2012 were found in the following neighborhoods:

Sierra Estates * Allendale * Arvada West

Lake Arbor * Alta Vista * Lamar Heights

Far Horizons * Ralston Estates * Trader

King Crest * Maplewood * Huntington Heights

Lakecrest * Club Crest * Tannehill

• 2011 saw 18 Arvada homes sell during January between $150-200,000, staying on the market for a median of 46 days. 7 of these were foreclosures, 3 were short sales; that's a 56% rate of distressed sales.
• 2010 saw 18 Arvada homes sell during January between $150-200,000, staying on the market for a median of 87 days. 6 of these were foreclosures, 3 were short sales, for a 50% rate of distressed sales.

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.

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Copyright © 2012 Joetta Fort, Broker Associate, Equity Colorado