Arvada Monthly Market Update – Condominium/Townhome

City of Arvada Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

 

YTD Comparison

ARVADA ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 570 442
Average Sales Price $283,146 $310,433 +9.6%
Median Sales Price $270,000 $285,000 +5.6%
Average Days to Contract 26 22 -15%

 

Attached Dwelling – % Under Contract)

ATTACHED DWELLINGS Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
UNDER $250K           76% 85% 73% 86% 76% 57% 39% 42%
$250K+           51% 53% 56% 49% 50% 56% 46% 45%
OVERALL % U/C           56% 61% 60% 57% 55% 56% 45% 45%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
            80 96 83 103 113 121 127 119

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
            45 38 61 48 41 46 43 45

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’
            1.77 2.31 1.72 2.14 2.42 2.6 2.75 2.57