The real estate market for Arvada luxury homes is picking up speed. Below are two graphs that show what is happening with Arvada Homes For Sale over $500,000. Please call 303.550.8563 if you have any questions about the luxury Arvada real estate market or would like information regarding a specific home.
The graph above shows the total number of active luxury homes for sale by month over the past two years in Arvada. The number of active luxury homes for sale peaked at July 2011 and August 2012. At the end of February 2013, there were only 71 active luxury homes for sale. The supply of luxury homes for sale is down 11.7% from the peak. What does this mean for you? If you have a luxury home in Arvada that you’ve been considering listing for sale, now is a great time to list your home for sale. The number of luxury homes for sale is down from the peak and buyers are looking now that we are in the spring selling season. Please see how Metro Denver Luxury Homes will get your home sold quickly on the Sell Your Metro Denver Home page.
The graph above shows Months of Inventory or MOI for each month over the last two years. As you can see, the months of inventory of Arvada Homes For Sale peaked in October 2011 at 76 months. It is currently 5.8 months. This is down an astounding 68% from the peak. Months of Inventory is a figure used to determine the health of a market and whether it is a buyers market or a sellers market. A balance market is a market with 6 Months of Inventory. Anything more than 6 MOI is a buyers market and less than 6 MOI is a sellers market. The Arvada luxury real estate market is fairly balanced as of March 2013 leaning slightly towards a sellers market.