Arvada Monthly Market Update – Single Family Homes

City of Arvada Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison

ARVADA SINGLE-FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 2113 1749
Average Sales Price $450,452 $482,127 +7.1%
Median Sales Price $412,986 $439,900 +6.5%
Average Days to Contract 37 26 -29%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES 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 $500K           70% 78% 70% 63% 62% 53% 49% 44%
$500k-$750k           63% 60% 52% 55% 49% 42% 36% 36%
$750k+           35% 31% 28% 29% 21% 26% 24% 29%
OVERALL % U/C           62% 63% 57% 55% 52% 46% 42% 39%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES 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’
            435 403 428 441 416 400 478 484

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES 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’
            230 154 204 201 175 193 105 165

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES 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’
            1.89 2.72 2.18 2.23 2.16 2.07 2.77 2.78