Wheat Ridge Colorado Residential Home Sales - Market Overview by Price |
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Detached Single Family Homes - As of July 15, 2009 (Including All Sold Data from Previous 6 Months) |
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The media reports different statistics for real estate trends and most are national or statewide data. But remember that all real estate is local to your area. For properties in the City of Wheat Ridge, you can see by the data below, for the most part, it is a seller’s market for homes below $275,000. And it is a buyer’s market above $325,000. In fact, it is an extreme buyers market above the $450,000 price point with NO homes selling in the last 6 months! (The National Association of Realtors® describe a buyer’s market as less than 6 months of inventory and a seller’s market as greater than 6 months of inventory).
How is the First Time Home Buyer Tax Credit Affecting the Housing Market? The First Time Home Buyer Tax Credit is definitely working below $300,000! Many of our buyers are getting out bid on several homes in and around the Denver Metro Area. There are many buyers trying to take advantage of the First Time Home Buyer Credit of $8,000 and if you are one of them, you should consider moving up your plans as soon as possible. The IRS guidelines for the tax credit require that you close on your new home by November 30, 2009. It is hard to find homes now and there will be a rush to buy before the deadline and the competition will push up prices. Also, there is a lack of move in ready single family homes available for purchase in Wheat Ridge below $225,000 today. I am certain that it will get worse when everyone rushes to buy before the deadline. Start your search now!! Search today all the new listings from the Denver MLS for FREE!!!
Sellers, with the lack of move in ready homes for sale in some areas, it may be a great time for you to sell! Do you want your house value and other statistics? Then sign up for our free home value service on the <<===left side of the web page that uses actual and current MLS data. Sign up today! |
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* Arvada Home Sales by Price Band Analysis * Lakewood Home Sales by Price Band Analysis * Denver Home Sales by Price Band Analysis * Littleton Home Sales by Price Band Analysis * Edgewater Home Sales by Price Band Analysis * Morrison Home Sales by Price Band Analysis * Golden Home Sales by Price Band Analysis * Westminster Home Sales by Price Band Analysis * Jefferson County Home Sales by Price Band Analysis * Wheat Ridge Home Sales by Price Band Analysis |
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Price Range |
Number of Actives Listings |
Number of Pendings Listings |
Pending Ratio |
Number of Solds (Last 6 Months) |
Average of Original List Price (Solds) |
Average of Final List Price (Solds) |
Average of Net Price (Solds) |
Original List to Net Price Ratio |
Average Days on Market (Solds) |
Average Days on Market (Actives) |
Monthly Absorption Ratio |
Months Inventory |
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Below $125K |
1 |
6 |
600.0% |
18 |
$113,928 |
$98,822 |
$98,209 |
86.2% |
95 |
147 |
400.0% |
0.3 |
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$125K-$149K |
5 |
5 |
100.0% |
13 |
$155,708 |
$135,564 |
$132,501 |
85.1% |
158 |
79 |
60.0% |
2.3 |
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$150K-$174K |
9 |
1 |
11.1% |
13 |
$181,677 |
$164,435 |
$161,239 |
88.8% |
116 |
169 |
25.9% |
4.2 |
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$175K-$199K |
13 |
10 |
76.9% |
18 |
$205,344 |
$187,033 |
$183,435 |
89.3% |
84 |
145 |
35.9% |
4.3 |
|
$200K-$224K |
14 |
15 |
107.1% |
19 |
$222,816 |
$208,901 |
$205,770 |
92.4% |
58 |
116 |
40.5% |
4.4 |
|
$225K-$249K |
15 |
10 |
66.7% |
11 |
$249,218 |
$235,082 |
$231,590 |
92.9% |
74 |
84 |
23.3% |
8.2 |
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$250K-$274K |
6 |
3 |
50.0% |
15 |
$278,260 |
$261,081 |
$257,712 |
92.6% |
96 |
133 |
50.0% |
2.4 |
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$275K-$299K |
14 |
3 |
21.4% |
6 |
$315,800 |
$284,775 |
$281,567 |
89.2% |
170 |
83 |
10.7% |
14.0 |
|
$300K-$324K |
5 |
4 |
80.0% |
7 |
$339,621 |
$311,771 |
$310,400 |
91.4% |
146 |
170 |
36.7% |
4.3 |
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$325K-$349K |
7 |
1 |
14.3% |
2 |
$361,500 |
$327,500 |
$324,250 |
89.7% |
270 |
138 |
7.1% |
21.0 |
|
$350K-$374K |
6 |
|
0.0% |
4 |
$395,750 |
$367,000 |
$366,881 |
92.7% |
82 |
86 |
11.1% |
9.0 |
|
$375K-$399K |
3 |
|
0.0% |
1 |
$379,900 |
$395,000 |
$395,000 |
104.0% |
3 |
131 |
5.6% |
18.0 |
|
$400K-$450K |
6 |
|
0.0% |
3 |
$481,633 |
$426,500 |
$423,500 |
87.9% |
138 |
204 |
8.3% |
12.0 |
|
$450K-$499K |
1 |
|
0.0% |
|
|
|
|
N/A |
|
69 |
0.0% |
N/A |
|
$500K-$599K |
3 |
1 |
33.3% |
|
|
|
|
N/A |
|
243 |
5.6% |
N/A |
|
$600K-$699K |
5 |
1 |
20.0% |
|
|
|
|
N/A |
|
215 |
3.3% |
N/A |
|
$700K-$799K |
|
|
N/A |
|
|
|
|
N/A |
|
|
N/A |
N/A |
|
$800K-$899K |
1 |
|
0.0% |
|
|
|
|
N/A |
|
5 |
0.0% |
N/A |
|
$900K-$999K |
4 |
|
0.0% |
|
|
|
|
N/A |
|
256 |
0.0% |
N/A |
|
$1 Million + |
2 |
|
0.0% |
|
|
|
|
N/A |
|
42 |
0.0% |
N/A |
|
Grand Total |
120 |
60 |
50.0% |
130 |
$228,343 |
$209,271 |
$206,575 |
90.5% |
104 |
131 |
26.4% |
5.5 |