Arvada was the site of the first gold discovered in Colorado, when Lewis Ralston dipped his pan into a local stream and found $5 in 1850. After years of gold encampments and as a jumping off point to mountain gold fields, Arvada eventually established its own character as a farming community. Years later, railroads began to pass through. Eventually, Arvada was formally established in 1904.
Today, Arvada is a thriving city of about 104,000.
It's located in the northwest metro, roughly bounded on the South by I-70, transversally from South to East above I-76, Sheridan Boulevard on the East, 88th Avenue on the North, and Colorado Highway 93 on the West. Alluring views of the mountains are found throughout town.
Its hometown feel and strong civic mindedness are the hallmarks of Arvada. Perhaps, it's because of this "hometown" feel that Arvada is holding its own in the current Denver real estate market.
Now, let's get down to business. Here's a quick look at Arvada's numbers:
- 1,500 single family homes sold in the past 12 months.
- An average of 125 homes sold per month
- As of March 4, 2007, 589 active single family homes were on the market
- Presently, 4.71 months of inventory are on market.
This means that Arvada is mildly leaning towards a Seller's market. (Remember, it's less than 6 months of inventory.)
When viewed in the context that 160 homes went under contract in the prior month (and a snowy month at that), we are seeing an increase in the monthly average of homes sold -- reinforcing the present Seller's trend.
To view the present listings in Arvada, please click here.
If you would like a more detailed analysis about specific neighborhoods in Arvada, contact me here to request a neighborhood level search.
Oh, by the way™
… if you know of someone looking for a Realtor® whose service is "Mile High" and would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.
Kind regards,
Michael
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