Arvada is located in both Jefferson and Adams counties, and is just 10 miles west of Denver on I-70. The current population is about 111,000 people. Olde Town Arvada has seen major growth and development with the recent addition of the light rail stop, providing for an easy commute to Union Station in Denver. Arvada also provides an easy commute to the ski slopes, with easy access to I-70.
Real estate has been extremely strong in Arvada. Over the past year, 2107 single family homes sold at of $418,282, with a high of $1,600,000 and a low of $157,000 for a project. These homes were only on the market for an average of 8 days. The sales price to list price ratio was 99.2% – meaning that buyers had to pay 99.2% of the asking price, on average.
There were 550 condos and townhomes that sold in the past year at an average of $250,664. They were available for an average of 5 days and the sale price to list price ratio was 101.6%.
The real estate market here has seen an average growth of 10.8% per year over the past 5 years.
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