First Integrity Title Market Report
Wheat Ridge, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Wheat Ridge, CO
Mon Apr 22 2019
This week the median list price for Wheat Ridge, CO is $546,750 with the market action index hovering around 59. This is about the same as last month's market action index of 59. Inventory has held steady at or around 20.
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
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $546,750 | |
| Per Square Foot | $255 | |
| Days on Market | 42 | |
| Price Decreased | 45% | |
| Price Increased | 10% | |
| Relisted | 5% | |
| Inventory | 20 | |
| Median House Rent | $1,295 | |
| Most Expensive | $915,000 | |
| Least Expensive | $375,000 | |
| Market Action Index Strong Seller's Market | 59 |
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $675,000 | 3,394 | 0.25 - 0.5 acre | 4 | 3 | 59 | 1 | 1 | 65 |
| $570,000 | 2,268 | 8,000 - 10,000 sqft | 3 | 2 | 60 | 2 | 0 | 16 |
| $519,900 | 1,500 | 0.25 - 0.5 acre | 3 | 2 | 67 | 1 | 1 | 37 |
| $400,000 | 1,356 | 0.25 - 0.5 acre | 2 | 2 | 62 | 0 | 2 | 47 |