Lakewood CO Realtor: Local Real Estate Market Report

by | Oct 15, 2020 | Areas | 0 comments

Lakewood CO realtor, Sam Wilson’s local real estate market report is here. This market report for Lakewood Colorado shares information from this knowledgeable real estate agent in Lakewood Colorado. If you are looking to sell a home or buy a home in Lakewood Colorado contact the Sam Wilson Home Selling Team today at 303-770-1250.

Real estate agent Lakewood CO Sam WilsonConsistent with our goal of educating home sellers and home buyers, this blog post is based on statistics from REcolorado and substantiated by reports you can access by clicking on the highlighted links. If you are interested in selling or buying a home and would like to review market statistics for cities in the Denver Colorado area, contact us to schedule a meeting.

The Sam Wilson Home Selling Team is the Lakewood CO realtor that makes the home buying and home selling process run smoothly. These real estate agents in Lakewood CO serve the local area and the entire Denver Metro area. We are committed to serving your real estate needs wherever you live in the Colorado front range.

Lakewood Colorado Median Home Sales Closed Price Trend

This graph shows the median home sales prices for the past three years rising steadily in Lakewood Colorado. Year over year growth is consistent and confirms that the Lakewood Colorado home selling and home buying market is healthy. Learn more about why Lakewood Colorado is a great place to live.

Lakewood CO Realtor Local Market Update

Real estate agents in Lakewood CO at the Sam Wilson Home Selling Team are optimistic about Lakewood Colorado home selling and home buying prospects.

Monthly Trends Home Showing Index

  • Closed listings in September 2020 versus one year ago are up 47.1% meaning that more homes are selling.
  • Homes in Lakewood CO are selling faster than a year ago in September with days on the multiple listing service at 17, a decrease of 22.7%.
  • The median home closed sales price year over year in September increased by 10.3%, equating to a home sale price rising from $390,000 to $430,000.
  • The number of pending listings year to date is +4.7%, meaning that home sellers are more active; buyers are finding the homes they want quickly.

The Colorado Home Showing Index

The home showing index measures showing traffic by residential homes for sale. Positive trends indicate that each property received more buyer visits in a particular month. For these statistics, the index values are scaled relative to the initial index value of 100 for January 2014.

  • The showing index is +54% in August 2020 versus one year ago. The August 2020 index of 124 is greater than a year ago at 80.5.
  • The index confirms a showing decrease in April 2020, consistent with the stay at home orders due to COVID-19.
  • Showing trends increased significantly after April 2020 and continue to do well.

There’s No Better Time to Sell or Buy a Lakewood Colorado Home

This local market update confirms that now is the time to sell a home or buy a home. Lakewood Colorado home sellers will be able to sell quickly based on the showing index and lower time on the market.

Home buyers have the opportunity to find their dream home. Because the market currently favors sellers, home buyers and sellers want to make sure to take all of the steps to hire the right real estate agent. Sam Wilson, a Lakewood CO realtor, is a top real estate agent and real estate negotiator.

Sam and his team of real estate agents in Lakewood CO work hard to get the best price for home sellers and home buyers. These realtors in Lakewood Colorado have top real estate skills—they succeed in negotiating and closing deals where other less experienced realtors fail.

Selling and Buying A Home At the Same Time?

The Sam Wilson Home Selling Team helps many individuals and families who are selling and buying a home at the same time. In these situations, timing the sale and purchase of the next home are important. Establishing and holding to timelines to meet selling and buying needs is crucial for success.

This Lakewood CO realtor follows through with lenders, title companies, and other members involved in the home selling and buying process to make sure deadlines are not missed. Details are managed to help make the move as seamless as possible. Recommendations to outside services like repairs, housekeepers, movers, and more, can be provided for trusted companies.

Lakewood Colorado is a Top Area for Single Family Home Sales

Lakewood Colorado comes second only to Denver Colorado as the top city for the market share of single-family home sales in 2019 (Denver at 43.2% and Lakewood at 42.0%).  This data confirms that Lakewood Colorado offers a lifestyle that meets the needs of many Colorado residents.

Things to Consider When Choosing the Right Neighborhood for You

Lakewood CO Real EstateYou have probably heard the saying “location, location, location.” When selling a home and looking for your next home or buying a home, the location you choose is essential to the satisfaction you’ll receive from living in a neighborhood you will love.

When you are house hunting, consider the things that are important to you. How close is your home to your place of work? Is the location easily accessible to public transportation? Do you value privacy and a quiet neighborhood versus living near a city center or a bustling shopping and entertainment area? Lakewood Colorado real estate offers both.

The Sam Wilson Home Selling Team, the Lakewood CO realtor, will work with you to find the right area that fits your work and lifestyle needs. Other considerations are a daily routine. What are the things you can’t live without? If you enjoy being close to walking and hiking trails, consider living in Lakewood Colorado with access to parks and trails. If you have children, the Lakewood Colorado school system is top rated.

Hire the Real Estate Agent in Lakewood Colorado That Works for You

Sam Wilson and his team of realtors are committed to working for you. This unique realtor-owned website offers FREE reports, an easy home search page, a VIP program for home sellers, and other articles and tips in our real estate blog that you won’t find anywhere else.

We work hard to offer value to our clients and ensure that you are satisfied with our services. Visit our page, What Our Customers Say About Us, to learn more.

 

Contact Sam Wilson today by text or phone at 303-770-1250 to learn more about us and how we make the home selling and home buying process a worry-free experience for you.

 

© 2020 Sam Wilson All Rights Reserved. All Articles by Pamela D. Wilson MS, BS/BA