CMA For Claudia Ox

at Keller Williams Integrity

The Ba

ic G o p'

Ma ke

Single-Family Homes

Repo

www.TheBarticGroup.com

A

This week the median list price for Aurora, CO is $600,000 with the market action index hovering around 74. This is less than last month's market action index of 85. Inventory has increased to 580.

Ma ke

Real-Time Ma ke

Ac ion Inde

This answers How s the Market? by comparing rate of sales versus inventory.

50

40

Buyer's Market

60

20

80 100

10 0

on

S

90

M

ay Tod th

Las t

74 S

Seller's Market

70

30

' Ma

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we re in the Seller s one. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer s one, watch for downward pressure on prices.

Ma ke

a, CO P ofile

Median List Price

$600,000

Median Price of New Listings

$562,500

Per Square Foot

$224

Average Days on Market

29

Median Days on Market

21

Price Decreased

51%

Price Increased

2%

Relisted

3%

Inventory

580

Median Rent

$2,750

Market Action

74

S

S

' Ma

Segmen

Each segment below represents approximately 25% of the market ordered by price.

M da P c

S .F.

L

$849,950

4,329

$664,000

S

B d

Ba

A

N

Ab

8,000 - 10,000 sqft

4

4

10

24

11

21

3,134

6,500 - 8,000 sqft

4

3

16

25

14

21

$565,000

2,382

6,500 - 8,000 sqft

3

3

25

35

16

21

$485,000

1,710

6,500 - 8,000 sqft

3

2

47

54

23

14

Wed Jul 20 2022

b d

DOM

2 of 6

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Median Li

A

a, CO

P ice

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. $700K

$650K

$600K

$550K

$500K

$450K

$400K Jul 2019

Dec 2019

Apr 2020

Aug 2020

7-Da A

Dec 2020

a

Apr 2021

90-Da A

Aug 2021

Dec 2021

Apr 2022

a

Segmen

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 Jul 2019

Dec 2019

T

Apr 2020

90-Da

Aug 2020

U

Dec 2020

90-Da

Apr 2021

L

90-Da

Wed Jul 20 2022

Aug 2021

B

Dec 2021

Apr 2022

90-Da

3 of 6

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P ice Pe

S

A

a, CO

a e Foo

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 Jul 2019

Dec 2019

Apr 2020

Aug 2020

7-Da A

Dec 2020

a

Apr 2021

90-Da A

Aug 2021

Dec 2021

Apr 2022

a

In en o

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 Jul 2019

Dec 2019

Apr 2020

Aug 2020

Dec 2020

7-Da A

a

Apr 2021

90-Da A

Wed Jul 20 2022

Aug 2021

Dec 2021

Apr 2022

a

4 of 6

The Ba

ic G o p'

Ma ke

Single-Family Homes

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www.TheBarticGroup.com

Ma ke

A

a, CO

Ac ion Inde

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we re in the Seller s one. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer s one, watch for downward pressure on prices.

120

100

80

60

40

20 Jul 2019

Ma ke

Dec 2019

Apr 2020

Aug 2020

Dec 2020

7-Da A

a

Apr 2021

90-Da A

Aug 2021

Dec 2021

Apr 2022

a

Ac ion Segmen

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 Jul 2019

Dec 2019

T

Apr 2020

Aug 2020

90-Da

U

Dec 2020

90-Da

Apr 2021

L

90-Da

Wed Jul 20 2022

Aug 2021

B

Dec 2021

Apr 2022

90-Da

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Median Da

A

on Ma ke

a, CO

(DOM)

The properties have been on the market for an average of 21 days. Half of the listings have come newly on the market in the past 10 or so days. Watch the 90-day DOM trend for signals of a changing market.

60

50

40

30

20

10

0 Jul 2019

Dec 2019

Apr 2020

Aug 2020

Dec 2020

7-Da A

a

Apr 2021

90-Da A

Aug 2021

Dec 2021

Apr 2022

a

Segmen

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 Jul 2019

Dec 2019

T

Apr 2020

Aug 2020

90-Da

U

Dec 2020

90-Da

Apr 2021

L

90-Da

Wed Jul 20 2022

Aug 2021

B

Dec 2021

Apr 2022

90-Da

6 of 6

Ma

1897 S O a he S ee , A

1

1585 S N

3

f

fP

a, CO 80017 L Id: 7154014 Sa : Ac i e 06/23/22 P ce: $460,000 S b e: SFR T S F: 1,168 Bd/B : 3/2 S #:

S ee , A a, CO L Id: Sa : P ce: S b e: T S F: Bd/B : S #:

80017 1732132 C ed 06/28/22 $415,000 SFR 952 3/1 3035737469

e

L ca i

1988 S O

2

1795 S Me

4

a S ee , A

a, CO 80013 L Id: 2135262 Sa : C ed 06/24/22 P ce: $440,000 S b e: SFR T S F: 969 Bd/B : 3/1 S #: 888-808-0331

hi S ee , A a, CO 80017 L Id: 4999685 Sa : C ed 01/24/22 P ce: $383,500 S b e: SFR T S F: 952 Bd/B : 2/1 S #: 303-573-7469

B oke 1 Page 1897 S Ola he S ee , A

o a, CO 80017 (S a

: Ac i e, Li

ing ID: 7154014)

Co n : A apahoe Li Price: $460,000 Proper T pe: Re iden ial Original Li Price: $470,000 Proper S b pe: Single Famil Re idence Le el : T i-Le el Ba emen : No S r c re T pe: Ho e Year B il : 1978 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 06/23/2022 Da In MLS: 27 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,413 Ta Year: 2021 Ta Legal De c: LOT 12 BLK 4 STONE RIDGE PARK SUB 2ND FLG In e io A ea & SqF B ilding Area To al (SqF To al): 1,168 Li ing Area (SqF Fini hed): 1,168 Abo e Grade Fini hed Area: 1,168 PSF To al: $394 PSF Fini hed: $394 PSF Abo e Grade: $394 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Slab Fireplace: Hea ing: Ba eboa d, Elec ic Cooling: E apo a i e Cooling HVAC De crip ion: In erior Fea re : Ceiling Fan( ), Ki chen I land Appliance : Di h a he , Di po al, D e , Mic o a e, O en, Ref ige a o , Wa he Flooring: Ca pe , Lamina e, Tile F rni hed: Unf ni hed E cl ion : All T ' , all TV Mo n , Sec i Came a , Selle pe onal P ope Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 2 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 1 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.16 Ac e / 6,970 SqF Wa erfron Fea : Lo Fea re : Co ne Lo Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Con r c ion Ma erial : F ame, Wood Siding Roof: Compo i ion E erior Fea re : P i a e Ya d Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k Don mi o on hi lo el 3 bedroom, 2 ba hroom home in he S one Ridge Park comm ni ! The brillian na ral ligh in hi home i re o ca ch o r e e. The li ing room ha plen of pace o en er ain g e or crea e o r ideal anc ar . Prepare meal in he ki chen hich fea re ainle eel appliance , mo eable ki chen i land i h pace o add addi ional orage and plen of room ...

Confiden ial Info ma ion Pri a e Remark : Plea e ear boo ie or ake off hoe . Plea e lea e he proper a -i , no need o rn off ligh . If o or an b er i ick or ha ing co id mp om plea e do no en er he home. B er and B er' Agen o erif all MLS informa ion, q are foo age mea remen , a e , and chool informa ion.

B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.8% Con rac Earne Check To: Fi Ame ican Ti le Po e ion: Clo e Pl 30 o 60 Da , Clo ing/DOD Con rac Min Earne : $4,500 Li ing Term : Ca h, Con en ional, FHA, J mbo, VA Loan Ti le Compan : Fi Ame ican Ti le Compan - Ale V ko ic O ner hip: Indi id al Sho ing Info ma ion Sho ing Con ac Phone:

Sho

Email: ho ing @ ho ing ime.com Li

Li Li

Agen : Ka hleen Male Office: We and Main Home Inc

Email:

ka hleenmale@ e

No Sho ing Un il: 06/23/22

Agen Phone: 720-258-5151 Mobile: 720-258-5151

andmainhome .com

No in ended for p blic

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 07/20/2022 2:41:40 PM

F ll P

1897 S Olathe Street, Aurora, CO 80017

e ----

Vie

$460,000 - Acti e

1988 S O

a S ee , A

o a, CO 80013 (S a

: Clo ed, Li

ing ID: 2135262)

Clo e Price: $440,000 Co n : A apahoe Li Price: $389,900 Proper T pe: Re iden ial Original Li Price: $389,900 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1975 S bdi i ion Name: King bo o gh Li ing Con rac Da e: 05/27/2022 P rcha e Con rac Da e: 05/31/2022 Con ingenc : None Kno n Clo e Da e (DIM): 06/24/2022 Da In MLS: 4 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,271 Ta Year: 2021 Ta Legal De c: LOT 49 BLK 10 KINGSBOROUGH 4TH FLG In e io A ea & SqF B ilding Area To al (SqF To al): 969 Li ing Area (SqF Fini hed): 969 Abo e Grade Fini hed Area: 969 PSF To al: $454 PSF Fini hed: $454 PSF Abo e Grade: $454 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Slab Fireplace: 1/Ga Hea ing: Fo ced Ai Cooling: Cen al Ai HVAC De crip ion: In erior Fea re : Lamina e Co n e , No S ai , Smoke F ee Appliance : D e , Ga Wa e Hea e , Range, Ref ige a o , Wa he Flooring: Lamina e, Wood E cl ion : ec i em and ga age f ee e .

Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.18 Ac e / 7,841 SqF Wa erfron Fea : Lo Fea re : C l-De-Sac Elemen ar School: Yale / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Range ie / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: T adi ional Direc ion Face : We Vie : Con r c ion Ma erial : B ick, F ame Roof: Compo i ion E erior Fea re : Ga G ill Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k Thi impeccabl main ained 3 bedroom 1 ba hroom ranch ha been i h he ame o ner from he beginning! Wi h cherr lamina e ood floor , ne pain , pda ed ba hroom and he pri a e back ard, hi co ld be he perfec ar er home! Nice and co , i ha been ell lo ed and cared for. The roof, H20 hea er and ome of he appliance are 10 ear or le ! The e er line i brand ne and he home...

Confiden ial Info ma ion Pri a e Remark : Seller ill need a 60 da POC o find a replacemen home. no o erlapping ho ing - ho ing ar Ma 28 h and go hr Ma 30 h from 9am n il 5pm each da . Offer are o be bmi ed b Monda e ening a 8pm i h an accep ance of T e da a 2PM. Plea e lock all door and lea e a card. The a ic fan ha e been remo ed b o co ld ea il in all ne one . Cen ral AC i incl ded. BE SURE T B er Agenc Comp: 2.8% D al Variable: Ye S bmi ed Pro p: Ye Tran ac ion Broker Comp: 2.8% Li Li Li

Agen : K i i B ingle Office: RE/MAX P ofe

Email: B B

k i

ional

i.b ingle@gmail.com

er Agen : Michael Jan er er Office: 8 Real E a e

Email:

michael.jan e @8 .com

Conce ion : No B er Financing: FHA No in ended for p blic

B

Agen Phone: 303-972-9999 Mobile: 720-530-1045 e Agen Phone: 719-650-6107 Mobile: 719-650-6107

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 07/20/2022 2:41:40 PM

1988 S Oura Street, Aurora, CO 80013

----

$440,000 - Closed

1585 S No folk S ee , A

o a, CO 80017 (S a

: Clo ed, Li

ing ID: 1732132)

Clo e Price: $415,000 Co n : A apahoe Li Price: $400,000 Proper T pe: Re iden ial Original Li Price: $400,000 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1980 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 06/02/2022 P rcha e Con rac Da e: 06/05/2022 Con ingenc : None Kno n Clo e Da e (DIM): 06/28/2022 Da In MLS: 3 A ocia ion: N M l iple: Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,188 Ta Year: 2021 Ta Legal De c: LOT 13 BLK 5 STONE RIDGE PARK SUB 4TH FLG In e io A ea & SqF B ilding Area To al (SqF To al): 952 Li ing Area (SqF Fini hed): 952 Abo e Grade Fini hed Area: 952 PSF To al: $436 PSF Fini hed: $436 PSF Abo e Grade: $436 Fo nda ion: Conc e e Pe ime e Fireplace: Hea ing: Fo ced Ai Cooling: E apo a i e Cooling HVAC De crip ion: In erior Fea re : Ceiling Fan( ), Ea -in Ki chen, Lamina e Co n e , Smoke F ee Appliance : Di h a he , Di po al, Mic o a e, Range, Ref ige a o , Self Cleaning O en Flooring: Ca pe F rni hed: Unf ni hed E cl ion : Onl he elle pe onal p ope .

Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.20 Ac e / 8,625 SqF Wa erfron Fea : Lo Fea re : Le el, Nea P blic T an i Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: T adi ional Direc ion Face : Ea Vie : Mo n ain( ) Con r c ion Ma erial : B ick, Wood Siding Roof: Compo i ion E erior Fea re : Wa er Incl ded: No Wa er So rce: P blic Se er: P blic Se e P blic Rema k Reall nice ar er home ! The home ha been pda ed i h ne pain in ide & o , a ne roof in 2020 incl ding ne g er . Ne carpe ing ne indo blind . Nice ki chen appliance , incl ding a ne o e. The ba hroom/la ndr ha al o been pda ed and i large. The ard i h ge and here are bea if l ie of he mo n ain . The home i acan for he po ibili of a q ick clo ing. A onderf l...

Confiden ial Info ma ion Pri a e Remark : Thi ranch le home i read o go! Don' mi he chance o ho o r clien a perfec ar er home. THERE ARE SEVERAL OFFERS ON THE PROPERTY NOW (SUNDAY) ALL NEW OFFERS MUST BE SUBMITTED NO LATER THAN 4PM TODAY! THE SELLER WILL REVIEW AL;L OFFERS AND MAKE A DECISSION NO LATER THAN 1PM MONDAY JUNE 6TH. THANK YOU. B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.8% Li Li Li

Agen : Ca e Ah oon Office: MB ANDY AHROON & CO.

Email:

jcah oon@aol.com

B er Agen : Mig el Herrera B er Office: Yo 1 Real Email: MigSell Den e @gmail.com Conce ion : No B er Financing: FHA No in ended for p blic

B

Agen Phone: 303-779-7979 Mobile: 303-877-0824 e Agen Phone: 720-240-8924 Mobile: 720-240-8924

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 07/20/2022 2:41:40 PM

1585 S Norfolk Street, Aurora, CO 80017

L

P

a

Bed

Bed

Ba

2

$415,000 - Closed

----

gR

/a

S ac

Ea

d

bac

Bed

a d

g S ace

3

1795 S Memphi S ee Lo 32, A

o a, CO 80017 (S a

: Clo ed, Li

ing ID: 4999685)

Clo e Price: $383,500 Co n : A apahoe Li Price: $349,900 Proper T pe: Re iden ial Original Li Price: $380,000 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1979 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 12/10/2021 P rcha e Con rac Da e: 12/23/2021 Con ingenc : None Kno n Clo e Da e (DIM): 01/24/2022 Da In MLS: 12 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,023 Ta Year: 2020 Ta Legal De c: Lo 32 Blk 4 S one Ridge Pa k S b 3 d FLG In e io A ea & SqF B ilding Area To al (SqF To al): 952 Li ing Area (SqF Fini hed): 952 Abo e Grade Fini hed Area: 952 PSF To al: $403 PSF Fini hed: $403 PSF Abo e Grade: $403 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Rai ed Fireplace: Hea ing: Fo ced Ai Cooling: Cen al Ai HVAC De crip ion: Cen al Hea and Ai In erior Fea re : Ea -in Ki chen, Je Ac ion T b, Lamina e Co n e , No S ai Appliance : D e , Ga Wa e Hea e , Range, Ref ige a o , Wa he Flooring: Pa q e F rni hed: Unf ni hed E cl ion : No E cl ion Bed & Ba h S mma Bedroom To al: 2 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 1 Garage Space : 1 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.16 Ac e / 6,926 SqF Wa erfron Fea : Lo Fea re : Co ne Lo Hor e: No Ski Fea re : Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / Adam -A apahoe 28J High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: B ngalo En r Le el/Loc: Common Wall : No Common Wall Direc ion Face : So hea Vie : Con r c ion Ma erial : Wood Siding Roof: Compo i ion E erior Fea re : P i a e Ya d Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k C e RANCH i h blonde parq e flooring and Plan a ion Sh er . Open floor plan i h a pon all o Ki chen/Dining area. Ba h ha been ref rbi hed i h je ed b and ne er fi re . Recen l replaced 50 gallon a er hea er. Roof i appro ima el 7 ear old. Make hi b ngalo o ro n ih o r per onal o che . Back on he marke , b er did no q alif .

Confiden ial Info ma ion Pri a e Remark : Second bedroom a originall 2 bedroom , There are o clo e in ha econd bedroom. The a her and dr er are pre en l in hi bedroom. Seller a ha here are al o a her/dr er connec ion in he ki chen, b he are no i ible (behind hee rock) Recen pda e /replacemen in 2016: All ki chen appliance Cen ral hea and Air Remodeled ba h o incl de je ed b 50 gallon HWH B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.5% Li Li Li

Agen : Pa le e Fie le Office: Re iden Real No h Me o LLC

Email: B B

pa le ef511@gmail.com

B

er Agen : Jane a Por er er Office: Compa - Den er

Email:

jane

a@ edocg o p.com

Conce ion : B e Clo ing Co B er Financing: FHA

/Selle Poin

Paid, $6,500

No in ended for p blic

Agen Phone: 303-552-6994 Mobile: 303-552-6994 e Agen Phone: 720-301-6402 Mobile: 720-301-6402

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 07/20/2022 2:41:40 PM

1795 S Memphis Street, Aurora, CO 80017

----

$383,500 - Closed

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 07/20/2022 to 01/21/2022 Mls Status is 'Expired' Status Contractual Search Date is 07/20/2022 to 01/21/2022 Latitude, Longitude is within 0.25 mi of 1626 S Mobile St, Aurora, CO 80017, USA, is around 39.68, -104.80

Originating System Name is one of

'REcolorado', 'ROCC', 'SSBR', 'IRES*' 34 Properties have been discarded.

Residential Active Properties Listing ID Address

City

7154014 1897 S Olathe ST

Aurora

Bds

3

Count: 1

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

2

1,168

1,168

1,168

06/23/22

$394

$394

$394

Averages:

1,168

1,168

1,168

$394

$394

$394

High $460,000

List Price:

Low $460,000

PSF Fin DIM Orig Price

27 27

List Price

470,000

$460,000

$470,000

$460,000

Median $460,000

Closed Properties Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

Aurora

2

1

952

952

952

01/24/22

$403

$403

$403

12

Aurora

3

1

952

952

952

06/28/22

$436

$436

$436

3

Aurora

3

1

969

969

969

06/24/22

$454

$454

$454

Averages:

958

958

958

$431

$431

$431

4 6

Listing ID Address

City

4999685 1795 S Memphis ST 1732132 1585 S Norfolk ST 2135262 1988 S Ouray ST

Count: 3

Closed Price:

Report Totals

Presented By: Carlos Ventura Generated on: 07/20/2022

Count : 4

Averages:

High $440,000

SqFt Abv 1,010

SqFt Ttl 1,010

Low $383,500 Sqft Fin 1,010

PSF Abv $ 422

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

380,000

$349,900 $383,500

101%

400,000

$400,000 $415,000

104%

389,900

$389,900 $440,000

113%

$389,967

$379,933 $412,833

106%

Orig Price $409,975

List Price Close Price $399,950 $412,833

CP/OLP 106 %

Median $415,000 PSF Ttl

$422

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $422

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

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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.

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