LAKEWOOD, CO — Everyone knows Metro Denver has a tight housing market, with demand for homes in the area exceeding the supply. A new study shows that this summer, the Denver suburb of Lakewood had a boost in sales prices with more between 35-50 percent of sellers receiving more than asking price.
Homelight.com, an online site connecting home sellers with real estate agents, reviewed the last three years’ worth of home transactions data to determine some of the country’s tightest housing markets.
"The American City Business Journal predicts the population of Denver is projected to grow by more than 50 percent in the next 25 years, meaning the population will continue to far outstrip available housing," a statement from HomeLight said.
Generally, between early spring and late summer is the best time for home sellers. According to HomeLight, sellers in the suburb of Lakewood are feeling the tight market.
· Anywhere between 35 and nearly 50 percent of homes sold in Denver and the surrounding suburbs of Arvada, Lakewood, Littleton and Broomfield, sold for above the initial listing price.
Here are some of the newest listings in Lakewood:
2000 Applewood Dr, Lakewood, CO 80215
13287 W Mississippi Ct, Lakewood, CO
Even with the market in their favor, how home sellers price and market their homes can help them sell faster and for even more money. Things like knowing which renovations increase value the most, how to price, and advertising the home as part of an overall lifestyle can make a big difference. (Find more tips from HomeLight here and here).
To see more Lakewood homes, go to Realtor.com
Lakewood photo via Getty Images