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Market Trends
Commentary Provided byKirk W. Blackard If you can qualify, now is an exceptional time to buy a home in Lakewood. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 303-619-2413 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Denver | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $225,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $550,000 - $599,000 | ||
| Compared to Last Year | No Change | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Dependent upon pricing of the homes determines if multiple offers will be submitted. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Lakewood is | Increasing | ||
| Seller Activity for the past 90 days in Lakewood is | Increasing | ||
| Is Financing Available For Qualified Buyers in Lakewood? | Yes | ||
| Comments on Financing For Qualified Buyers | Yes...be careful when trying to get financing for condo's...a lot of rules have been implemented by the banks that may hamper the ability to get financing. | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% | ||
| Housing Hot Spots | Most cities within the Jefferson County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lakewood! The stimulus $8,000 is helping a lot in first time home buyers. | ||
| Average Sold Price | $225,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Kirk W. Blackard
Legacy Real Estate Service Denver, Colorado 303-619-2413 kirkblackard@earthlink.net Agent Home Page 
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Lakewood Local News
News for Lakewood, CO - Thursday September 24th, 2009 10:53am
Please let me know if you have any questions or comments about buying or selling real estate in Jefferson County and the Denver front range.
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