Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-03-2014, 09:09 AM
 
110 posts, read 188,403 times
Reputation: 57

Advertisements

All I can say is good luck. Arvada is obscenely expensive nowadays.
Reply With Quote Quick reply to this message

 
Old 07-03-2014, 09:19 AM
 
6 posts, read 6,393 times
Reputation: 10
Quote:
Originally Posted by BBurn View Post
All I can say is good luck. Arvada is obscenely expensive nowadays.
No joke! Perhaps we squat and wait it out.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 12:03 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,712 posts, read 29,839,573 times
Reputation: 33311
Default Really?

Quote:
Originally Posted by BBurn View Post
All I can say is good luck. Arvada is obscenely expensive nowadays.
Why do you say that?
I think Arvada is cheap compared with Denver.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 12:18 PM
 
110 posts, read 188,403 times
Reputation: 57
Quote:
Originally Posted by davebarnes View Post
Why do you say that?
I think Arvada is cheap compared with Denver.
That's probably true, but I'm comparing it to like suburbs in the area - Westminster, Broomfield, Littleton, etc., none of which are inexpensive, but Arvada takes the cake.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 12:55 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,712 posts, read 29,839,573 times
Reputation: 33311
Default Let's have some data

Quote:
Originally Posted by BBurn View Post
That's probably true, but I'm comparing it to like suburbs in the area - Westminster, Broomfield, Littleton, etc., none of which are inexpensive, but Arvada takes the cake.
Let's see what Trulia says:

Market View for Arvada
Average Listing Price $412,715
Median Sales Price $273,700

Market View for Westminster
Average Listing Price $416,308
Median Sales Price $231,000

Market View for Broomfield
Average Listing Price $449,746
Median Sales Price $321,750

Market View for Littleton
Average Listing Price $592,840
Median Sales Price $287,500

Market View for Wheat Ridge
Average Listing Price $413,195
Median Sales Price $273,800

I call bull pucky on your statement.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 01:05 PM
 
110 posts, read 188,403 times
Reputation: 57
Quote:
Originally Posted by davebarnes View Post
Let's see what Trulia says:

Market View for Arvada
Average Listing Price $412,715
Median Sales Price $273,700

Market View for Westminster
Average Listing Price $416,308
Median Sales Price $231,000

Market View for Broomfield
Average Listing Price $449,746
Median Sales Price $321,750

Market View for Littleton
Average Listing Price $592,840
Median Sales Price $287,500

Market View for Wheat Ridge
Average Listing Price $413,195
Median Sales Price $273,800

I call bull pucky on your statement.
But we know that average home price is not what we're talking about. Arvada has some very nice areas, but also some that would drag the average down. Broomfield, for example, is far more homogeneous. Most everything is nice, and, I would wager, much newer on average. That does not mean that you don't get more for your money there (although Broomfield is expensive too, and probably comparable to Arvada).

How about a comparison on similar houses in each city, going by br/bath/sqft/year built/etc.?

For the record, I like my data, but after looking at a huge number of houses in Westy/Broomfield/Arvada, I don't need it to tell me that you get more for your money the further east you go.


For the OP, new home in 80004 just popped up in your price range: 5844 COLE WAY, ARVADA, CO Property Listing - For Sale - MLS# 8235338 - ZipRealty

Go get it!
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 01:48 PM
 
Location: Denver
898 posts, read 938,051 times
Reputation: 865
Just give it time, OP. Wait out the market if you can. That's what I'm doing. This isn't the first time Denver's housing market was hot, and it won't be the last time. On the upside, it will eventually cool down and will be a buyer's market again. It's just going to take some time.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 02:08 PM
 
Location: Just south of Denver since 1989
11,831 posts, read 34,448,030 times
Reputation: 8991
Yes, of course the housing market will cool down - interest rates will be at 10% for a loan and prices will be 30% higher.

You have heard the real estate person's prayer? Please do not let me waste another great opportunity to invest at the bottom of an up cycle.

You know that prices are now higher than the last peak.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 02:17 PM
 
Location: Denver
898 posts, read 938,051 times
Reputation: 865
Quote:
Originally Posted by 2bindenver View Post
Yes, of course the housing market will cool down - interest rates will be at 10% for a loan and prices will be 30% higher.

You have heard the real estate person's prayer? Please do not let me waste another great opportunity to invest at the bottom of an up cycle.

You know that prices are now higher than the last peak.
Agreed. This market is unsustainable over a long period of time given Denver's median income level ($31,039 per capita; $58,244 household. Source: http://quickfacts.census.gov/qfd/states/08/08031.html). I suspect we'll see a cool down in the next couple years, if not sooner. We've been on the upswing for the last five years or so, and that's typically how it goes: up five, down five.
Reply With Quote Quick reply to this message
 
Old 07-03-2014, 02:33 PM
 
110 posts, read 188,403 times
Reputation: 57
Quote:
Originally Posted by 4DM1N View Post
Agreed. This market is unsustainable over a long period of time given Denver's median income level ($31,039 per capita; $58,244 household. Source: Denver County QuickFacts from the US Census Bureau). I suspect we'll see a cool down in the next couple years, if not sooner. We've been on the upswing for the last five years or so, and that's typically how it goes: up five, down five.
I think 2b is saying that he/she believes the Denver market is going to keep going up.

I'm no swami, but if inventory stays low, why would prices drop? There are enough people with money in- and out-of-state to sustain a low-supply-high-price market.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Denver

All times are GMT -6. The time now is 11:21 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top