This week we take a look at the city of Lakewood Colorado and how home values have changed in that area over the last few years.

As most of you know, the end of the tax credit is just a few short weeks away on April 30, 2010. Under the guidelines, you have to be “under contract” by April 30, and then close the transaction by June 30, 2010 in order to receive the either $8000 First Time Buyer credit or the $6500 Move Up Buyer credit.

This week we are looking at home values for Littleton, Colorado. The big news here is that Littleton home values are up 3.4 percent from this time last year to an average of $227,400.

Home Values peaked in last 2007 in Greenwood Village, Colorado and since then have been dropping. Despite the numbers this is still a very desirable neighborhood to live in and one that people want. Market data shows that values are down about 10% from this time last year.

Homebuyers may be surprised to find that homeowners insurance isn’t going down, despite precipitous declines in sale prices.