This week the median list price for Lakewood, CO is $700,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51 Inventory has decreased to 191.
Marke t Act ion I n d e x
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Re al-Time Marke t Profile
Median List Price $700,000 Median Price of New Listings $650,000 Per Square Foot $332
Days on Market 52
Strong Seller's Market
The market has been cooling over time and prices plateaued for a while Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Marke t Segme n ts
Strong Seller's Market
Each segment below represents approximately 25% of the market ordered by price.
Me d ian List Price
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
$700K
$600K
$800K $400K
Segme n ts
Prices have generally settled at a plateau, although Quartile 1 has been trending a bit downward in recent weeks. We’ll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
Price Pe r Square Foot
The value placed on homes appears to be on the upswing, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices. 7-Day
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Marke t Act ion I n d e x
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Marke t Act ion Segme n ts
Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.
Me d ian Days on Marke t (DO M)
The properties have been on the market for an average of 45 days. Half of the listings have come newly on the market in the past 26 or so days. Watch the 90-day DOM trend for signals of a changing market.
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
Owner
Owner
Map of Property Locations
1761 S Estes, Lakewood, CO 80232
1534 S Cape Street, Lakewood, CO 80232
Listing Id: 6909835
Status: Active 08/17/24
Price: $600,000
Subtype: SFR
Ttl SqFt: 2,052
Bd/Bth: 4 / 2
Show #: (303) 573-7469
1580 S Estes Street, Lakewood, CO 80232
Listing Id: 1520004
Status: Active 07/16/24
Price: $625,000
Subtype: SFR Ttl SqFt: 2,052
Bd/Bth: 4 / 2
Show #: 800-746-9464
1669 S Dudley Court, Lakewood, CO 80232
Listing Id: 6682702
Status: Pending 08/11/24
Price: $569,000
Subtype: SFR
Ttl SqFt: 2,052
Bd/Bth: 4 / 2
Show #: 888-808-0331
Listing Id: 4989570
Status: Active 07/29/24
Price: $610,000
Subtype: SFR Ttl SqFt: 2,536
Bd/Bth: 3 / 2
Show #: 8007469464
1575 S Cape Street, Lakewood, CO 80232
Listing Id: 1901759
Status: Active 07/25/24
Price: $650,000
Subtype: SFR Ttl SqFt: 2,024
Bd/Bth: 4 / 2
Show #: 800-746-9464
9196 W Asbury Drive, Lakewood, CO 80227
Listing Id: 3754569
Status: Pending 08/10/24
Price: $575,000
Subtype: SFR
Ttl SqFt: 2,614
Bd/Bth: 4 / 3
Show #: 888-808-0331
1786 S Field Court, Lakewood, CO 80232
Listing Id: 5617670
Status: Closed 08/27/24
Price: $595,000
Subtype: SFR
Ttl SqFt: 2,613
Bd/Bth: 4 / 3
Show #: 800-746-9464
1443 S Dudley Street, Lakewood, CO 80232
Listing Id: 8240289
Status: Closed 05/14/24
Price: $630,000
Subtype: SFR
Ttl SqFt: 1,898
Bd/Bth: 4 / 2 Show #: 1-888-808-0331
8891 W Jewell Place, Lakewood, CO 80227
Listing Id: 8549898
Status: Closed 07/01/24
Price: $610,000
Subtype: SFR
Ttl SqFt: 2,116
Bd/Bth: 4 / 2
Show #: 800-746-9464
Showing Information
Welcome to this beautifully updated Lakewood home conveniently locatated just blocks from numerous parks, shopping at Bel Mar and just minutes away from the vibrant energy of Denver! This meticulously restored brick, ranch style home seamlessly blends traditional charm with modern sophistication. Step inside to an open floor plan with resurfaced English Chestnut hardwood flooring, new paint, new
Showing Information
Showing Service: ShowingTime Showing Contact Phone: 800-746-9464
Showing Considerations: Camera(s) Outside
List Office: MOUNTAIN STATES REALTY GROUP
Email: Trina.msrg@gmail.com
Subdivision
Listing
Purchase
Alameda Int'l /
County R-1 Building & Water Information
Architectural Style: Bungalow
Attached Property: No Common Walls:
Direction Faces: East View:
Construction Materials: Brick
Roof: Composition
Exterior Features: Dog Run, Fire Pit, Garden, Private Yard, Smart Irrigation
Water Included: Yes Water Source: Public Sewer: Public Sewer Public Remarks
Lovely centrally located ranch in Lakewood's well sought out neighborhood, Cloverdale West! This well cared for home showcases a new 50 gallon water heater (7/2024), new furnace/AC (2024), new stainless steel appliances (smart range/oven (2023), microwave (2023), dishwasher (2024), as well as newer refrigerator, washer/dryer (2022). This home has also been upgraded with the installation of central... Confidential Information
Private Remarks: Please schedule all showings via Broker Bay. *In the even of multiple offers, ALL offers due by Sunday, August 11, 2024 by 6:00 PM MST. Sellers would like to allow all showings through the weekend and reserve the right to accept an offer at anytime* * Please allow 48-72 hours to review/respond to offers as seller works odd hours* Contact listing agent with any questions, can be reached by phone, t Contract Earnest Check To: Vilma Valenzuela Possession: Close Plus 3 to 5 Days Contract Min Earnest: $10,000
Listing Terms: Cash, Conventional, FHA, VA Loan Title Company: Guardian Title Agency DTC Ownership: Individual
Showing Service: BrokerBay
Showing Information
Showing Contact Phone: 888-808-0331 Show Email: Kelsey.Martinez@cbrealty.com No Showings Until: 08/09/24
Showing Considerations: Camera(s) Outside Showing Instructions: Showings set via BrokerBay. There is a Front Door Key Pad (no lockbox), please remove shoes or wear booties. Turn off all lights, lock back door and front door. Please leave feedback and text/call with any issues. Thank you for showing the property!
List Agent
List Agent: Kelsey Martinez Phone: 720-560-8071
List Office: Coldwell Banker Realty 24 Mobile: 720-560-8071
Email: Kelsey.Martinez@cbrealty.com
$569,000 - Pending
Structure Type: House
Subdivision Name: Southern Gables
Listing
Purchase
Exterior Features: Garden
Water Included: No Water Source: Public Sewer:
Welcome to this prime location property in Southern Gables neighborhood. All brick for minimal maintenance. Exterior trim painted just 2 years ago Elementary school is just down the street. Upon entering are the living room and large eat in kitchen with stove/self clean oven. refrigerator and microwave. An inviting family room with fireplace is conveniently located on main floor. Primary bedroom... Confidential Information
Private Remarks: Property is in James F. and Arlene J. Frandsen Trust, Michael Frandsen Co-Trustee. Please allow 48 hours for response to offers. Please provide loan approval letter with all offers. Buyer to verify all information including but not limited to lot and home square footage.taxes, schools, Metro Districts. Sellers will not provide sellers property disclosure.
Contract Earnest Check To: Fidelity National Title Possession: Close Plus 2 Days
Contract Min Earnest: $7,500
Listing Terms: Cash, Conventional, FHA, VA Loan Title Company: Fidelity National Title Ownership: Corporation/Trust
Showing Information
Showing Service: BrokerBay
Showing Contact Phone: 888-808-0331 Show Email: support@brokerbay.com No Showings Until: Showing Instructions: Vacant. give lock box combination. List Agent
List Agent: Leo Guetlein
Phone: 303-988-6473
List Office: LEO GUETLEIN Mobile: 303-988-6473
Email: leoguetlein@aol.com Not intended for public use All data deemed reliable but not guaranteed Generated on: © REcolorado 2024. 08/29/2024 10:51:26 AM
Crawl
Central Air
Ceiling Fan(s), Eat-in
Association: No
Lot Size: 0.21 Acres / 9,202 SqFt Waterfront Feat:
Bldg/Complex Name:
Architectural Style: Traditional
Attached Property: No
Construction Materials: Brick, Frame, Vinyl Siding Roof: Cement Shake
Water Included: Yes
Elementary School: Patterson / Jefferson County R-1
Middle/Junior Sch: Alameda Int'l / Jefferson County R-1
High School: Alameda Int'l / Jefferson County R-1
Building & Water Information
Common Walls:
Exterior Features:
Water Source: Public Sewer: Community, Public Sewer Public Remarks
Charming 1967 Ranch in Woodlake Subdivision Discover a rare gem in Colorado's real estate market with this charming 1967 ranch-style home located in the sought-after Woodlake subdivision. Homes like this are hard to find, making this a once-in-a-lifetime opportunity to own a true Colorado treasure. With a generous 2,613 sq. ft. of living space, this one-owner home is a definite must-see. Its orig... Confidential Information
Private Remarks: All information provided is believed to be reliable but is not guaranteed. It is the responsibility of the Buyer and their agent to verify all details, including but not limited to square footage, taxes, and schools. The furniture in the home is negotiable. Please note, the Seller may require a few days post-closing to remove any unwanted furniture. Additionally, the Broker is related to the Selle
List Agent: Melinda Pavalko
List Office: eXp Realty, LLC
Email: Melindapavalkorealtor@gmail.com
Buyer Agent: Dane Rickard
Buyer Office: RE/MAX Professionals
Email: danerickard@remax.net
Concessions: Buyer Closing Costs/Seller Points Paid, $3,000
List Agent
Phone: 303-895-8586
Mobile: 303-895-8586
Buyer Agent
Phone: 303-880-5410
Mobile: 303-880-5410
Close Information
Buyer Financing: VA Not intended for public use All data deemed reliable but not guaranteed
on: © REcolorado 2024. 08/29/2024 10:51:26 AM
Structure
Subdivision
Exclusions:
Size: 0.19 Acres / 8,449 SqFt
Feat: Lot Features: Landscaped, Level, Sprinklers In Front, Sprinklers In Rear Elementary School: Green Gables / Jefferson County R-1
Bldg/Complex Name:
Architectural Style: Traditional
Attached Property: No
Middle/Junior Sch: Carmody / Jefferson County R-1 High School: Bear Creek / Jefferson County R-1 Building & Water Information
Common Walls:
Direction Faces: South View:
Construction Materials: Brick, Frame Roof: Architectural Shingles
Exterior Features: Fire Pit, Rain Gutters
Water Included: Yes Water Source: Public Sewer: Public Sewer Public Remarks
This beautiful 4 bedroom, 2 bath Lakewood ranch is located in the desirable Southern Gables neighborhood! Features include a gorgeous kitchen with granite counters, stainless steel appliances, raised panel cabinets, and tile floors. The rest of the home features carpeted and hardwood floors, central air conditioning and a high efficiency furnace. The fully finished basement boasts a huge family... Confidential Information
Private Remarks: Basement bedroom may be non-conforming, Buyers or Buyers Broker is responsible for verifying all information and square footage. List Agent
List Agent: Dale Daugherty Phone: 303-478-3450
List Office: DPS REALTY Mobile: 303-478-3450
Email: dpsrealty@comcast.net Buyer Agent
Buyer Agent: Lynn Bowles Phone: 970-445-8222
Buyer Office: Keller Williams Preferred Realty Mobile: 970-445-8222
Email: LynnBowles@KW.com
Concessions: No
Buyer Financing: Cash
Architectural Style: Traditional
Attached Property: No
Direction Faces: Northeast
Construction Materials: Brick, Frame, Wood Siding Roof: Composition
Welcome to this fantastic home in the sought-after Palamino Park
Green Gables or Sanctuary Park, and Addenbrooke Park is only a
Lakewood Cultural Center a mile away! Additionally, the exclusive Belmar shopping/dining
Private Remarks: NO SHOWINGS UNTIL SATURDAY
through BrokerBay (1-888-808-0331) NOT ShowingTime. Lock
hours notice to show. Please note that all
Agent: Ben Malone
List Office: WestBound Realty, LLC
Email: maloneb287@gmail.com
Buyer Agent: Shelby Schulz
Buyer Office: RE/MAX of Cherry Creek
Email: shelby@celesteballerino.com
Concessions: No
Buyer Financing: FHA
sellers
$630,000 - Closed
Nestled in the heart of Lakewood.
Exceptionally maintained home in Palomino Park.
Hardwood flooring throughout the upper level.
Living room has lots of space.
Plenty of morning light from the east facing windows.
Meticulous care throughout the home.
Hardwood flooring to upper level bedrooms.
Living room flows conveniently in to the kitchen.
Granite counters and custom cabinets define the kitchen.
Inviting interior dining room.
Kitchen is well equipped with SS appliances. Easy access to the solitude of the back deck.
Sliding glass doors allow lots of natural light. The kitchen is fashionable and functional. Primary bedroom on the upper level with hardwood flooring.
T h e F u t u r e o f R e a l E s t a t e
