Price Analysis For 15907 E Flora Pl

at Keller Williams Integrity

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Aurora, CO

This week the median list price for Aurora, CO is $622,900 with the market action index hovering around 100. This is about the same as last month's market action index of 100.

Inventory has increased to 151.

Real-Time Market Profile Median List Price

$622,900

Market Action Index

Median Price of New Listings

$565,500

This answers “How’s the Market?” by comparing rate of sales versus

Per Square Foot

$244

Average Days on Market

18

Median Days on Market

0

Price Decreased

17%

Price Increased

9%

Relisted

0%

Inventory

151

Median Rent

$2,695

Market Action

100

inventory.

50

40

Buyer's Market

60

20

80

10

on

100

100

90

ay Tod th

Las t

M

0

Seller's Market

70

30

Strong Seller's Market In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Strong Seller's Market

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

$860,000

4,044

6,500 - 8,000 sqft

4

4

8

6

9

14

$689,160

3,188

6,500 - 8,000 sqft

3

4

16

23

20

0

$561,500

2,020

6,500 - 8,000 sqft

4

3

31

26

30

0

$459,950

1,433

6,500 - 8,000 sqft

3

2

48

27

28

0

Fri Apr 15 2022

2 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Aurora, CO

Median List Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. $700K

$650K

$600K

$550K

$500K

$450K

$400K Apr 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

90-Day Average

Segments

Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. $1.0M

$800K

$600K

$400K

$200K Apr 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri Apr 15 2022

May 2021

Sep 2021

Jan 2022

Bottom 90-Day

3 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Aurora, CO

Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. $275

$250

$225

$200

$175

$150

$125 Apr 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

90-Day Average

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

800

600

400

200

0 Apr 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

90-Day Average

Fri Apr 15 2022

4 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Aurora, CO

Market Action Index

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.

However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

120

100

80

60

40

20 Apr 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

90-Day Average

Market Action Segments

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

120

100

80

60

40

20 Apr 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri Apr 15 2022

May 2021

Sep 2021

Jan 2022

Bottom 90-Day

5 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Aurora, CO

Median Days on Market (DOM)

The properties have been on the market for an average of 30 days. Half of the listings have come newly on the market in the past 4 or so days. Watch the 90-day DOM trend for signals of a changing market.

60

50

40

30

20

10

0 Apr 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

90-Day Average

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

100

80

60

40

20

0 Apr 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri Apr 15 2022

May 2021

Sep 2021

Jan 2022

Bottom 90-Day

6 of 6

Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 04/15/2022 to 10/17/2021 Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no Latitude, Longitude is within 0.25 mi of 15907 E Flora Pl, Aurora, CO 80013, USA, is around 39.66, -104.80 8 Properties have been discarded.

Residential Active Properties Listing ID Address

City

9030885 3121 S Kalispell ST

Aurora

Bds

4

Count: 1

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

4

1,452

2,904

2,686

04/14/22

$396

$198

$214

Averages:

1,452

2,904

2,686

$396

$198

$214

High $575,000

List Price:

Low $575,000

PSF Fin DIM Orig Price

1 1

List Price

575,000

$575,000

$575,000

$575,000

Median $575,000

Closed Properties Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

Aurora

3

3

1,702

1,702

1,702

12/27/21

$276

$276

$276

5

Aurora

4

2

1,543

1,543

1,543

12/28/21

$308

$308

$308

4

3926781 3061 S Joplin CT

Aurora

5

3

2,112

2,112

2,112

11/01/21

$239

$239

$239

8730479 15707 E Floyd AVE

Aurora

3

3

1,702

1,702

1,702

04/11/22

$308

$308

$308

4684360 15908 E Flora PL

Aurora

3

2

1,907

2,040

2,040

01/05/22

$275

$257

$257

4232629 3183 S Helena ST

Aurora

3

2

816

1,632

1,600

03/25/22

$651

$325

$332

Averages:

1,630

1,789

1,783

$343

$286

$287

Listing ID Address

City

1883585 15716 E Flora PL 6204828 15744 E Eldorado PL

Count: 6

Closed Price:

Report Totals

Presented By: Kyle Gephart Generated on: 04/15/2022

Count : 7

Averages:

High $531,000

SqFt Abv 1,605

SqFt Ttl 1,948

Low $470,000 Sqft Fin 1,912

PSF Abv $ 351

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

465,000

$465,000 $470,000

101%

424,900

$424,900 $475,000

112%

3

500,000

$500,000 $505,000

101%

6

459,900

$459,900 $525,000

114%

3

510,000

$510,000 $525,000

103%

5 4

489,000

$489,000 $531,000

109%

$474,800

$474,800 $505,167

107%

Orig Price $489,114

List Price Close Price $489,114 $505,167

CP/OLP 107 %

Median $515,000 PSF Ttl

$273

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $276

CMA 1-Line Page 1 of 1

at Keller Williams Integrity

INTELLIGENT PRICING & TIMING Pricing a home for sale is as much art as science, but there are a few truisms that never change. ☐ ☐ ☐

Fair market value attracts buyers, overpricing never does.

The market never lies, but it can change its mind.

ASKING PRICE

PERCENTAGE OF BUYERS

+15%

10%

+10%

30%

Market Value

60%

-10%

75%

-15%

90%

Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home. Values can be impacted by a wide range of reasons but the two largest are location and condition. Generally, fair market value can be determined by comparables - other similar homes that have sold or are currently for sale in the same area.

Sellers often view their homes as special which tempts them to put a higher price on the home, believing they can always come down later, but that’s a serious mistake.

Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers shop by price range, and look for the best value in that range.

ACTIVITY

at Keller Williams Integrity

1

2

3

4

5

6

TIME ON MARKET (IN WEEKS)

and exciting to buyers and to their agents.

With a sign in the yard, a description in the local Multiple Listing Service, distribution across the internet, open houses, broker’s caravan, ads, and email blasts to your listing agent’s buyers, your If you don’t get many showings or offers, you’ve probably overpriced your home, and it’s not comparing well to the competition. Since you can’t change the location, you’ll have to improve the home’s condition or lower the price.

Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home’s curb appeal, or perhaps stage the interior to better advantage.

The market can always change its mind and give your home another chance, but by then you’ve lost precious time and perhaps allowed a stigma to cloud your home’s value.

Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.

Results That MOVE You

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