Arvada Real Estate Numbers Great Time To Sell

Dated: 02/26/2015

Views: 621

Single Family Homes in Arvada - average list price is $511,026

Average days on market is 103

Condos - in Arvada  average list price is $300,00

Average days on market is 25



Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.

  • There are currently 3,863 Active listings for Attached and Detached units currently for sale in the 7 Metro Denver Counties, this is just inches above the record for the least amount of homes for sale.

  • The most number of active single family attached and detached units on the market was in June of 2006 with just under 32,000.

  • There were 3,631 homes placed under contract in January of 2015, to create a "balanced market" we would need to have 21,786 active units to offset the demand.

  • We only have 6.1% of the required inventory to support the amount of demand based on sold properties in Denver, or there is a 93.9% deficiency in inventory.

  • At the current rate of demand, we will run out of homes to sell in approximately 28 days if nothing new comes onto the market. Historically the least amount of new homes enters the market between December and February. This creates an environment where houses will sell at a premium price due to lack of inventory.



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LaDawn Westbrook

With more than a decade of experience, LaDawn enjoys educating first time home buyers, working with the 55+ community, relocation clients, sellers who want to downsize, step up purchase or anything in....

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