4180 S Lewiston St Market Analysis

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 $640,000 with the market action index hovering around 96. This is less than last month's market action index of 99. Inventory has increased to 329.

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

96 S

Seller's Market

70

30

' Ma

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we re in a Seller s Market (where significant demand leaves little inventory available). If the MAI begins to 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

$640,000

Median Price of New Listings

$599,900

Per Square Foot

$222

Average Days on Market

20

Median Days on Market

7

Price Decreased

32%

Price Increased

7%

Relisted

1%

Inventory

329

Median Rent

$2,815

Market Action

96

S

S

' Ma

Segmen

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

M da P c

S .F.

L

$890,990

4,496

$701,907

S

B d

Ba

A

N

Ab

8,000 - 10,000 sqft

5

4

10

25

18

14

3,363

6,500 - 8,000 sqft

4

3

16

22

15

14

$600,000

2,542

6,500 - 8,000 sqft

3

3

20

29

18

7

$500,000

1,800

6,500 - 8,000 sqft

3

2

44

50

51

0

Thu Jun 02 2022

b d

DOM

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Median Li

A

a, CO

P ice

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 Jun 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Da A

a

Feb 2021

90-Da A

Jun 2021

Oct 2021

Feb 2022

May 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 Jun 2019

Oct 2019

Feb 2020

T

90-Da

Jun 2020

U

Oct 2020

90-Da

Feb 2021

L

90-Da

Thu Jun 02 2022

Jun 2021

B

Oct 2021

Feb 2022

May 2022

90-Da

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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 Jun 2019

Oct 2019

Feb 2020

Jun 2020

7-Da A

Oct 2020

a

Feb 2021

90-Da A

Jun 2021

Oct 2021

Feb 2022

May 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 Jun 2019

Oct 2019

Feb 2020

Jun 2020

7-Da A

Oct 2020

a

Feb 2021

90-Da A

Thu Jun 02 2022

Jun 2021

Oct 2021

Feb 2022

May 2022

a

4 of 6

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Ma ke

A

a, CO

Ac ion Inde

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we re in a Seller s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Jun 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Da A

Ma ke

a

Feb 2021

90-Da A

Jun 2021

Oct 2021

Feb 2022

May 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 Jun 2019

Oct 2019

Feb 2020

T

90-Da

Jun 2020

U

Oct 2020

90-Da

Feb 2021

L

90-Da

Thu Jun 02 2022

Jun 2021

Oct 2021

B

90-Da

Feb 2022

May 2022

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Median Da

A

on Ma ke

a, CO

(DOM)

The properties have been on the market for an average of 20 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 Jun 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Da A

a

Feb 2021

90-Da A

Jun 2021

Oct 2021

Feb 2022

May 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 Jun 2019

Oct 2019

Feb 2020

T

90-Da

Jun 2020

U

Oct 2020

90-Da

Feb 2021

L

90-Da

Thu Jun 02 2022

Jun 2021

Oct 2021

B

90-Da

Feb 2022

May 2022

6 of 6

Ma

15831 E P i ce

1

4193 S Ka i

e

fP

P ace, A a, CO 80013 L Id: 8189209 Sa : C ed 04/25/22 P ce: $551,000 S b e: SFR T S F: 2,164 Bd/B : 3/3 S #: 303-573-7469 S ee , A a, CO 80013 L Id: 6293650 Sa : C ed 03/04/22 P ce: $489,941 S b e: SFR T S F: 2,240 Bd/B : 3/2 S #:

e

L ca i

4117 S Le i

2

Ci c e, A a, CO 80013 L Id: 6149940 Sa : C ed 04/20/22 P ce: $535,000 S b e: SFR T S F: 1,827 Bd/B : 3/2 S #: 303-573-7469

Broker 1 Page 15831 E Prince on Place Lo 36, A rora, CO 80013 (S a

: Clo ed, Li

ing ID: 8189209)

Clo e Price: Li Price: Original Li Price:

$551,000 Co n : Arapahoe $485,000 Proper T pe: Re iden ial $485,000 Proper S b pe: Single Famil Re idence Le el : M l i/Spli Ba emen : Ye S r c re T pe: Ho e Year B il : 1982 S bdi i ion Name: Mi ion Viejo Li ing Con rac Da e: 04/08/2022 P rcha e Con rac Da e: 04/10/2022 Con ingenc : None Kno n Clo e Da e (DIM): 04/25/2022 Da In MLS: 2 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $1,944 Ta Year: 2021 Ta Legal De c: LOT 36 BLK 2 MISSION VIEJO SUB 13TH FLG In erior Area & SqF B ilding Area To al (SqF To al): 2,164 Li ing Area (SqF Fini hed): 1,680 Abo e Grade Fini hed Area: 1,680 Belo Grade To al Area: 484 Belo Grade Fini hed Area: 0 Belo Grade Unfini hed Area: 484 PSF To al: $255 PSF Fini hed: $328 PSF Abo e Grade: $328 Ba emen : F ll B mn Ceiling H : Fo nda ion: Concre e Perime er, Slab Fireplace: 1/Grea Room Hea ing: Forced Air Cooling: Cen ral Air HVAC De crip ion: In erior Fea re : Open Floorplan Appliance : Di h a her, Di po al, Micro a e, O en, Refrigera or F rni hed: Unf rni hed E cl ion : Wa her/dr er. all c r ain , rampoline, book hel e h ng in Kid room , garage fridge, ba ke ball hoop, per onal belonging , garage me al hel e Bed & Ba h S mmar Bedroom To al: 3 Ba hroom To al: 3 Ba h F ll: 2 Ba h Three Q ar er: 1 Ba h Half: 0 Ba h One Q ar er: 0 Parking Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Informa ion Lo Si e: 0.13 Acre / 5,706 SqF Wa erfron Fea : Lo Fea re : Le el Hor e: No Ski Fea re : Elemen ar School: Mi ion Viejo / Cherr Creek 5 Bldg/Comple Name: Middle/J nior Sch: Laredo / Cherr Creek 5 High School: Smok Hill / Cherr Creek 5 B ilding & Wa er Informa ion Archi ec ral S le: Tradi ional En r Le el/Loc: Common Wall : No Common Wall Con r c ion Ma erial : Wood Siding Roof: Compo i ion E erior Fea re : Fire Pi , Pri a e Yard Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se er P blic Remark Be prepared o fall in lo e i h hi 3 bedroom, 3 ba hroom ingle-famil home in a ecl ded c l-de- ac in he o gh -af er neighborhood of Mi ion Viejo.

Thi onderf l and erene neighborhood i j min e from I-225 and i in he Cherr Creek School Di ric . Enjo he open floorplan hich allo for comfor able li ing and en er aining. Upon en r , o are me i h an open and brigh li ing r...

Confiden ial Informa ion Pri a e Remark : All corre pondence recei ed af er 8 PM ill be pre en ed he ne b ine da . Plea e call/ e 720-933-3000 or email Jordan@Conne RE.com i h q e ion . We e CTMeCon rac . b er o erif all info incl ding b no limi ed o a e , qf , a er, HOA. In accordance i h c rren COVID-19 g ideline ***** Seller i looking for**** - Highe ne offer. - PCOA for a minim m of 30 da . - f ll ga B er Agenc Comp: 2.5% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.5% Li

Li Agen : Jordan Conne Li Office: Conne Real E a e Email: Jordan@conne re.com

B

B er Agen : Mar Be h Ta n on B er Office: Compa - Den er Email: mar be h. a n on@compa .com Co B er Agen : Madi on Ki el Co B er Office: Compa - Den er Email: madi on.ki el@compa .com Conce ion : B er Clo ing Co B er Financing: Con en ional

/Seller Poin

Agen Phone: 720-933-3000 Mobile: 720-933-3000 er Agen Phone: 941-306-8834 Mobile: 941-306-8834 Phone: 303-949-8697 Mobile: 303-949-8697

Paid, $4,000

No in ended for p blic

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 06/02/2022 10:59:04 AM

15831 E P

P

,A

, CO 80013

----

$

1,000 - C

4117 S Le i

on Circle Lo 8, A rora, CO 80013 (S a

: Clo ed, Li

ing ID: 6149940)

Clo e Price: Li Price: Original Li Price:

$535,000 Co n : Arapahoe $515,000 Proper T pe: Re iden ial $515,000 Proper S b pe: Single Famil Re idence Le el : One Ba emen : Ye S r c re T pe: Ho e Year B il : 1992 S bdi i ion Name: Mi ion Viejo Li ing Con rac Da e: 03/18/2022 P rcha e Con rac Da e: 03/20/2022 Con ingenc : None Kno n Clo e Da e (DIM): 04/20/2022 Da In MLS: 2 A ocia ion: N M l iple: Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $1,687 Ta Year: 2019 Ta Legal De c: LOT 8 BLK 1 QUINCY CREEK SUB 1ST FLG In erior Area & SqF B ilding Area To al (SqF To al): 1,827 Li ing Area (SqF Fini hed): 1,763 Abo e Grade Fini hed Area: 1,363 Belo Grade To al Area: 464 Belo Grade Fini hed Area: 400 Belo Grade Unfini hed Area: 64 PSF To al: $293 PSF Fini hed: $303 PSF Abo e Grade: $393 Ba emen : Cra l Space, Par ial, S mp P mp B mn Ceiling H : Fo nda ion: Concre e Perime er Fireplace: 1/Elec ric Hea ing: Forced Air Cooling: Air Condi ioning-Room HVAC De crip ion: In erior Fea re : Grani e Co n er , High Ceiling Appliance : Cook op, Di h a her, Di po al, Dr er, Ga Wa er Hea er, Micro a e, O en, Refrigera or, S mp P mp, Wa her Flooring: Carpe , Lamina e E cl ion : Wa her/Dr er, Free er in ba emen and All Per onal Proper .

Bed & Ba h S mmar Bedroom To al: 3 Ba hroom To al: 2 Ba h F ll: 2 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Parking Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Informa ion Lo Si e: 0.10 Acre / 4,443 SqF Wa erfron Fea : Elemen ar School: Mi ion Viejo / Cherr Creek 5 Bldg/Comple Name: Middle/J nior Sch: Laredo / Cherr Creek 5 High School: Smok Hill / Cherr Creek 5 B ilding & Wa er Informa ion Archi ec ral S le: Tradi ional Direc ion Face : So h Vie : Con r c ion Ma erial : Brick, Wood Siding Roof: Compo i ion E erior Fea re : Garden, Pri a e Yard Wa er Incl ded: Ye Wa er So rce: P blic Se er: Comm ni P blic Remark Gorgeo 3-bedroom home loca ed in Mi ion Viejo. Fea re incl de an open floor plan, a l ed ceiling , co fire place and ne flooring. The pda ed ki chen fea re maple cabine , ainle eel appliance , and one co n er op . 2-large bedroom p air i h addi ional f ll ba h. O ide o ill be gree ed i h a ell manic red ard, nice pa io deck and pergola. Ama ing condi ion in ide an...

Confiden ial Informa ion Pri a e Remark : 30 min e ho ing indo . Remo e hoe d ring inclemen ea her. PLEASE E erci e proper ocial di ancing and abide b all CDC heal h & afe g ideline rela ed o COVID - B er' agen i re pon ible for e er one in he gro p follo ing afe ho ing in r c ion . All informa ion deemed reliable. B er/B er' Agen o erif all informa ion. CTM U er. Shor Po Occ panc agreemen ho ld be a B er Agenc Comp: 2.5% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.5% Li Li Li

Agen : Barr Dal on Office: KEY MASTERS REAL ESTATE

Email: B B

barr @ke ma

er reale

a e.com

er Agen : Je ica Argo er Office: Colorado Home Real

Email:

jargo@coloradohomereal

.com

Conce ion : Ca h, $330 B er Financing: Con en ional No in ended for p blic

B

Agen Phone: 303-718-7622 Mobile: 303-718-7622 er Agen Phone: 720-744-2315 Mobile: 720-744-2315

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 06/02/2022 10:59:04 AM

4117

L

C

,A

, CO 80013

----

$

,000 - C

4193 S Kali pell S ree , A rora, CO 80013 (S a

: Clo ed, Li

ing ID: 6293650)

Clo e Price: Li Price: Original Li Price:

$489,941 Co n : Arapahoe $489,941 Proper T pe: Re iden ial $489,941 Proper S b pe: Single Famil Re idence Le el : Ba emen : S r c re T pe: Ho e Year B il : S bdi i ion Name: Mi ion Viejo Li ing Con rac Da e: P rcha e Con rac Da e: Con ingenc : Clo e Da e (DIM): 03/04/2022 Da In MLS: 0 A ocia ion: M l iple: Co /Re : A oc Fee To Annl: $0.00 Ta Ann al Am : $1,089 Ta Year: 2020 Ta Legal De c: LOT 48 BLK 1 MISSION VIEJO SUB 7TH FLG In erior Area & SqF 2,240 Li ing Area (SqF Fini hed): 2,050 Abo e Grade Fini hed Area: 1,120 1,120 Belo Grade Fini hed Area: 930 Belo Grade Unfini hed Area: 190 $219 PSF Fini hed: $239 PSF Abo e Grade: $437

B ilding Area To al (SqF To al): Belo Grade To al Area: PSF To al: E cl ion : none Bedroom To al: Ba h F ll:

3

Parking To al:

2

Lo Si e:

0.15 Acre / 6,621 SqF

Pri a e Remark : off marke B er Agenc Comp:

Ba hroom To al: Ba h Three Q ar er: Garage Space :

ale 0%

Bed & Ba h S mmar 2

Ba h Half: Parking 2 Off ree Space : Si e & Loca ion Informa ion Wa erfron Fea : B ilding & Wa er Informa ion Confiden ial Informa ion

D al Variable: Li

Li Agen : Sold Comp Li Office: Sold En ered for Comp Onl Email: oldcomp@recolorado.com B B

er Agen : Timo h B er er Office: Colorado Real

Email:

B

Par ner

Tim@ColoradoReal

Conce ion : B er Clo ing Co B er Financing: Con en ional

Par ner .com /Seller Poin

Paid, $9,290

No in ended for p blic

Ba h One Q ar er: 0

S bmi ed Pro p: Agen Phone: 303-850-9576 Mobile: er Agen Phone: 303-929-1380 Mobile: 303-929-1380

Clo e Informa ion

e. All da a deemed reliable b REcolorado 2022.

no g aran eed.

Genera ed on: 06/02/2022 10:59:04 AM

Aurora

Aurora

6149940 4117 S Lewiston CIR

8189209 15831 E Princeton PL

Generated on: 06/02/2022

Presented By: Carlos Ventura

Report Totals

Aurora

6293650 4193 S Kalispell ST

Count : 3

Count: 3

City

Listing ID Address

Closed Properties

Residential

3

3

3

Bds

2,077

1,388

Averages:

SqFt Abv 1,388

Sqft Fin 1,831

1,831

1,680

1,763

2,050

Fin

$386

$328

$393

$437

PSF Abv

PSF Abv $ 386

Low $489,941

04/25/22

04/20/22

03/04/22

Close

$255

$290

$328

$303

$239 2 1

2

0

PSF Fin $290

Orig Price $496,647

$496,647

485,000

515,000

489,941

PSF Fin DIM Orig Price

Median $535,000 PSF Ttl

$255

$255

$293

$219

PSF Ttl

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

SqFt Ttl 2,077

High $551,000

2,164

1,827

2,240

Ttl

1,680

1,363

1,120

Abv

Closed Price:

Averages:

3

2

2

Bths

CP/OLP 106 %

106%

114%

104%

100%

CP/OLP

CMA 1-Line Page 1 of 1

List Price Close Price $496,647 $525,314

$496,647 $525,314

$485,000 $551,000

$515,000 $535,000

$489,941 $489,941

List Price Close Price

Family Residence' Latitude, Longitude is within 0.25 mi of 4180 S Lewiston St, Aurora, CO 80013, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/02/2022 to 03/04/2022 Property Sub Type is 'Single

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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