Lakewood property auctions presently feature a stupendous 6,947 foreclosure listings and properties, carrying the median listed price of an inviting $158,000. In addition, there are 6,766 other properties on sale as well. Their median listed price, determined by the market, is considerably higher at $270,000 than those of the foreclosed homes. Clearly, the seized homes are being auctioned at nearly half the prices of the other properties. It is such a discounted pricing that invariably draws prospective homebuyers to flock to the real estate listings auctions in large numbers.
Lakewood is located in Jefferson County, in the US state of Colorado. As a city, Lakewood ranks fourth in Colorado and 164th in the entire US, in terms of its population. Lakewood is a part of the Denver-Aurora MSA, which is the 15th most populous MSA in the US. Jefferson County borders as many as ten adjacent counties, and they are: Gilpin County, Boulder County, Clear Creek County, City and County of Broomfield, Park County, Adams County, Teller County, City and County of Denver, Douglas County and Arapahoe County. The suburbs of Lakewood include the following places: Wheat Ridge, Arvada, Westminster, Edgewater, Littleton, Golden, Lakewood, Superior, Bow Mar, Mountain View, Lakeside, Morrison, West Pleasant View, Applewood, Kittredge, Aspen Park, Evergreen, Ken Caryl, Columbine, Indian Hills, Conifer, Genesee and East Pleasant View.
Nationwide Increase in Government Foreclosures
The growing incidence of government foreclosures in Lakewood needn’t surprise anyone. Market analysis has yielded the Q2 {or second quarter} 2008 analysis of the US real estate market. The study reveals that government foreclosures have been increasing throughout the nation. The number of seized homes during Q2 of 2008 was 14 percent higher than the Q1 figure and a sharp 121 percent higher than the comparable figure for Q1 of 2007. The state that was the most ruinously affected was Nevada, where one in every 43 households received a foreclosure filing during Q2 2008. During Q2, California and Arvada were two other states to have been particularly targeted by the government foreclosures avalanche. One in every 65 Californian houses and one in every 70 Arizona homes was seized during this period.
The most recent market research has named the Top 10 US Foreclosure Cities as Merced in the state of California, Modesto in California again, Stockton also in California, Riverside too in California, Detroit in Michigan, Fort Lauderdale in Florida, Cape Coral in Florida, Vallejo in California yet again, Las Vegas in Nevada and Sacramento in California as well.
Property Auctions: Hiring Professional Help
Lakewood real estate sector includes Lon Welsh, Mark White, John Smidt and David Binkowski as influential property brokers. Hiring a competent agent can help you to get the maximum return on your real estate investment. You ought to reevaluate your buying strategy after every month, or so. Your agent should represent your interests during all negotiations with the sellers. Your agent must be expected to remain available for any last-minute contingencies that may crop up regarding the contract, inspection, appraisal, down payment or closing process. If you and your agent clarify all this among yourselves and follow a practical action plan, your home-acquisition quest is likely to be fulfilled in quite a smooth and rewarding manner.
