16320 E Bates Dr_Bob_Price Analysis

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 05/04/2022 to 11/05/2021 Latitude, Longitude is within 0.25 mi of 16320 E Bates Dr, Aurora, CO 80013, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no 7 Properties have been discarded.

Residential Pending Properties Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

Aurora

4

2

1,008

2,016

1,008

04/18/22

$461

$231

$461

Aurora

3

2

1,008

2,016

1,008

04/12/22

$461

$231

$461

Averages:

1,008

2,016

1,008

$461

$231

$461

Listing ID Address

City

8804433 2852 S Mobile ST 4477325 2979 S Laredo CIR

Count: 2

High $465,000

List Price:

Low $465,000

PSF Fin DIM Orig Price

List Price

3

465,000

$465,000

5 4

465,000

$465,000

$465,000

$465,000

Median $465,000

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

2947751 3081 S Laredo CIR

Aurora

2

2

816

1,632

1,552

12/03/21

$543

$271

$285

9440004 16475 E Amherst AVE

Aurora

4

2

816

1,632

1,550

12/02/21

$545

$273

2959942 2892 S Mobile ST

Aurora

4

3

1,008

2,016

2,016

11/24/21

$481

$241

7773731 2770 S Mobile ST

Aurora

3

2

816

1,632

816

05/03/22

$662

$331

$662

Averages:

864

1,728

1,484

$558

$279

$369

Count: 4

Closed Price:

Report Totals

Presented By: Kyle Gephart Generated on: 05/04/2022

Count : 6

Averages:

High $540,000

SqFt Abv 912

SqFt Ttl 1,824

Low $443,000 Sqft Fin 1,325

PSF Abv $ 526

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

85

462,000

$445,000 $443,000

96%

$287

6

449,900

$449,900 $445,000

99%

$241

4

499,900

$499,900 $485,000

97%

12 27

510,000

$498,000 $540,000

106%

$480,450

$473,200 $478,250

99%

Orig Price $475,300

List Price Close Price $470,467 $478,250

CP/OLP 99 %

Median $465,000 PSF Ttl

$263

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $387

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.

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