Joanne Dunbar's Market Report

Westminster, CO 80234

Single-Family Homes

Chicago Title | 303-717-8514 | joanne.dunbar@ctt.com



Westminster, CO 80234

Tue Jun 18 2019
This week the median list price for Westminster, CO 80234 is $574,990 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 23. Click here to stay informed with the Westminster market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Westminster, CO 80234

Tue Jun 18 2019
This week the median list price for Westminster, CO 80234 is $574,990 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 23. Click here to stay informed with the Westminster market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Westminster market.
Median List Price $574,990
Per Square Foot $161
Days on Market 43
Price Decreased 61%
Price Increased 9%
Relisted 4%
Inventory 23
Median House Rent
Most Expensive $997,500
Least Expensive $370,000
Market Action Index
Strong Seller's Market
65

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$695,000 4,538 8,000 - 10,000 sqft 4 3 32 1 2 32
$602,400 4,133 8,000 - 10,000 sqft 4 3 19 1 2 37
$536,950 3,056 6,500 - 8,000 sqft 4 2 24 0 2 92
$394,950 2,438 4,500 - 6,500 sqft 3 3 25 3 2 9