Market Analysis for the McKay Family

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 04/27/2022 to 10/29/2021 Property Sub Type is 'Single Family Residence' Latitude, Longitude is within 0.50 mi of 329 Paragon Way, Castle Rock, CO 80108, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no

Residential Active Properties Listing ID Address

City

5872135 42 Bantala PL

Castle Rock

Bds

6

Count: 1

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

6

4,932

9,864

9,113

02/02/22

$578

$289

$313

Averages:

4,932

9,864

9,113

$578

$289

$313

High $2,850,000

List Price:

Low $2,850,000

PSF Fin DIM Orig Price

64 2,900,000 64 $2,900,000

List Price

$2,850,000 $2,850,000

Median $2,850,000

Pending Properties Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

Castle Rock

6

5

4,601

6,571

6,089

04/25/22

$326

$228

$246

Castle Rock

5

7

5,137

8,370

7,707

04/08/22

$545

$335

$363

Averages:

4,869

7,471

6,898

$436

$281

$305

Listing ID Address

City

6541154 516 Prospect DR 4873909 663 Yankakee DR

Count: 2

High $2,800,000

List Price:

Low $1,500,000

PSF Fin DIM Orig Price

2 1,500,000 70 2,800,000 36 $2,150,000

List Price

$1,500,000 $2,800,000 $2,150,000

Median $2,150,000

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

3275030 65 Indigo WAY

Castle Rock

4

4

3,117

4,651

4,431

02/04/22

$577

$387

$406

1

1,675,000

$1,675,000 $1,800,000

107%

3715261 684 Orofino DR

Castle Rock

5

7

3,925

5,992

5,759

03/11/22

$498

$326

$339

103%

3,521

5,322

5,095

$538

$357

$373

1 1,890,000 1 $1,782,500

$1,890,000 $1,955,000

Averages:

$1,782,500 $1,877,500

105%

List Price Close Price $2,143,000 $1,877,500

CP/OLP 105 %

Count: 2

Closed Price:

Report Totals

Presented By: Holly Vogel Generated on: 04/27/2022

Count : 5

Averages:

High $1,955,000

SqFt Abv 4,342

SqFt Ttl 7,090

Sqft Fin 6,620

Low $1,800,000 PSF Abv $ 505

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

Median $1,877,500 PSF Ttl

$313

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $334

Orig Price $2,153,000

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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