First Integrity Title Market Report
Wheat Ridge, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Wheat Ridge, CO
Tue Feb 19 2019
This week the median list price for Wheat Ridge, CO is $498,500 with the market action index hovering around 55. This is an increase over last month's market action index of 51. Inventory has held steady at or around 21.
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
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $498,500 | |
| Per Square Foot | $241 | |
| Days on Market | 55 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 21 | |
| Median House Rent | $2,680 | |
| Most Expensive | $879,500 | |
| Least Expensive | $369,900 | |
| Market Action Index Strong Seller's Market | 55 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 | 2,932 | 0.25 - 0.5 acre | 4 | 2 | 57 | 2 | 1 | 51 |
| $550,000 | 2,342 | 8,000 - 10,000 sqft | 3 | 3 | 64 | 0 | 0 | 28 |
| $475,000 | 2,424 | 0.25 - 0.5 acre | 3 | 2 | 63 | 2 | 1 | 47 |
| $415,000 | 1,456 | 0.25 - 0.5 acre | 2 | 1 | 65 | 0 | 1 | 87 |