Comparative Market Analysis for 2242 Holyoke Dr, Boulder

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Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/28/2022 to 06/28/2021 Property Sub Type is 'Single Family Residence' Latitude, Longitude is within 0.40 mi of 2242 Holyoke Dr, Boulder, CO 80305, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' 16 Properties have been discarded.

Residential Active Properties Bds

Bths

Abv

Ttl

Fin

List

PSF Abv

Boulder

3

3

1,422

2,844

2,302

06/10/22

$1,055

$652

4

4

1,414

2,828

2,828

06/09/22

$1,623

$812

19 1,750,000 20 2,495,000

$1,500,000

Boulder

Averages:

1,418

2,836

2,565

$1,339

$732

20 $2,122,500

$1,897,500

Listing ID Address

City

IR968073 2155 Hillsdale CIR IR967903 646 Furman WAY

Count: 2

High $2,295,000

List Price:

PSF Ttl

Low $1,500,000

PSF Fin DIM Orig Price

List Price

$2,295,000

Median $1,897,500

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

IR954586 646 Furman WAY

Boulder

4

3

1,415

2,830

2,245

12/10/21

$894

$563

IR951776 656 Furman WAY

Boulder

5

3

1,807

3,505

3,476

10/28/21

$1,270

Averages:

1,611

3,168

2,861

$1,082

Count: 2

Closed Price:

Report Totals

Presented By: Frances Sullivan Generated on: 06/28/2022

Count : 4

Averages:

High $2,295,000

SqFt Abv 1,515

SqFt Ttl 3,002

Sqft Fin 2,713

PSF Ttl

Low $1,265,000 PSF Abv $ 1,210

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

$1,200,000 $1,265,000

105%

$660

33 1,200,000 6 1,950,000

$1,950,000 $2,295,000

118%

$612

20 $1,575,000

$1,575,000 $1,780,000

112%

List Price Close Price $1,736,250 $1,780,000

CP/OLP 112 %

Median $1,780,000 PSF Ttl

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $672

Orig Price $1,848,750

CMA 1-Line Page 1 of 1

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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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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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