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Lakewood Real Estate Market Trends – Colorado

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Lakewood Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > Colorado Real Estate Market > Lakewood Real Estate Market

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Lakewood. Low rates with great home prices makes a home purchase the best value! Call now for more information at 303-526-7400
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	90-120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$550,000 - $599,000

Prices As % of Asking Price	80-85%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Lakewood is	No Change

Seller Activity for the past 90 days in Lakewood is?	Increasing

Multiple Offers?	No

Multiple Offers Commentary	Homes that are truly competitively priced coupled with good location and good condition will be likely to draw multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	20-25%

Is Financing Available For Qualified Buyers?	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.

Housing Inventory	Good supply - Some Prices

Inventory Comments	As of September 20, 2010, there are 337 ’active’ listings, 85 ’pending sales, and 78 ’solds’. Nearly half of the ’active’ listings on the market range from $180,000 to $349,000. The remaining half of the market is split between homes under $179,000 and homes over $350,000. Lakewood has wonderful houseing options for investors, first time home buyers, and people looking for more room, for golf course living, and for lakefront living. Come experience Lakewood today!

Greatest Activity	Repeat Buyers

Reason to Buy/Sell

Nearest Metro Area	Denver

Average Sold Price	$225,000 - View Graph Trend

Lakewood Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

Click here for full article...

Contact Information

Jon P. Terry and Daniel J. Beckerle

Jon: 303-907-7668 or Daniel: 303-261-2732

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Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%

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Jon P. Terry and Daniel J. Beckerle

Alaris Properties, LLC

Jon: 303-907-7668 or Daniel: 303-261-2732

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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