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The median value of homes in the metro area is about $465,000 and we’re seeing quite a few price reductions in the market. We thought it would be interesting to take a look at what you can buy when you look at homes reduced in price to near the median.
 
Jefferson County: This home went on the market at the beginning of June and has been reduced $10,000 from its original price of $479,500.
 
Address: 6261 W 74th Place, Arvada, CO 80003
 
Currently listed for: $469,500
 
Features: This Arvada home has been recently remodeled with a fantastic kitchen and beautiful flooring. There’s enough parking for a van, boat or RV.
 
About this area: In this zip code, the median sold price last month was $387,700. The average home that sold here last month took just 7 days to sell and sold after 20 showings.
 
See this home: https://bit.ly/3feynht
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Adams County: This home went on the market July 10 and has been reduced $60,000 from its original price of $525,000.
 
Address: 784 Blue River Court, Brighton, CO 80601
 
Currently listed for: $465,000
 
Features: This home is in the popular Reunion community. It has a 3-car garage, over 4,000 square feet of finished living space and new carpet, paint, landscaping and appliances.
 
About this area: In this zip code, the median sold price last month was $385,000. The average home that sold here last month took 16 days to sell and sold after 12 showings.
 
See this home: https://bit.ly/2EADPhV
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Denver County: This condo went up for sale priced at $474,900 on May 23. It’s been reduced by about $10,000.
 
Address: 277 Broadway Unit #307, Denver, CO 80203
 
Currently listed for: $464,995
 
Features: Baker is one of Denver’s most popular neighborhoods and this condo is close to everything the area has to offer. With two bedrooms, two bathrooms and almost 1,400 square feet of space, this is a fantastic downtown home.
 
About this area: In this zip code, the median sold price last month was $330,000. The average home that sold here last month took 36 days to sell and sold after 6.6 showings.
 
See this home: https://bit.ly/3jUrwgC
 
Ready to find YOUR dream home? Call us to get moving.
Reach David and Tom at The Principal Team at 720-408-7409.
 
These homes are not our listings, but we hope this gives you a sense of the marketplace now in the Denver metro area.