With concerns about the Coronavirus heightening every day and information updating nearly constantly, droves of Coloradans are coming together to help their neighbors far and wide. It’s important
Top 4 Colorado Cities To Be A Home Seller
If you’re considering selling your home in Colorado, now might be a good time. But if you live in Denver, Arvada, Lakewood, or Aurora, it could be a great time. At least that’s according to personal finance site, SmartAsset, who recently published a report on the best U.S. cities to sell a house this year. In 2020 the list was made up of 4 Colorado cities, 4 Arizona cities, and the remaining 2 cities in Washington and Nevada.
For its report, SmartAsset analyzed the 165 largest cities in the U.S. based on five measurements. Those metrics included a five-year change in median home value, the average number of days on the market, percentage of homes sold for a loss, closing costs and real estate offices for every 1,000 residents, according to the report’s methodology. Here’s how the Colorado cities measured up:
#6 – Denver
Among the cities on the top 10 list, Denver has one of the highest percentages of homes sold for a loss at 8.54 percent, SmartAsset found. However, the city also has the second-highest number of real estate offices per 1,000 residents.
#5 – Arvada
Arvada has a “relatively high” change in median home value from 2014 to 2018 -- 43.6 percent -- SmartAsset found. The city is also on the higher end for average days that houses are on the market, which is 52 days.
#3 – Lakewood
Among cities on the top 10 list, Lakewood had the lowest average for the number of days houses stay on the market, at 39 days, SmartAsset found. The city also had a 37.7 percent change in median home value over the course of five years.
#1 – Aurora
Aurora was the top city on the list of best cities to sell a home. Houses in the city spend an average of 44 days on the market and the city’s percent of homes sold for a loss is pretty low, at 2.21 percent. However, the average closing costs in Aurora were higher than Glendale, at $3,715.
The Mile High City is still considered a seller’s market, but change may be on the way. If you’re considering selling, give Metrowest a shout – we’d love to talk to you about your options!
A Real Estate expert with a career spanning almost 20 years in multiple facets of the industry. I'm known for my extensive knowledge in foreclosure, asset management, title, loan origination, and gen....
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