567 Tolland Drive Market Analysis

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/03/2022 to 06/03/2021 Latitude, Longitude is within 0.25 mi of 567

Tolland Dr, Castle Rock, CO 80108, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Residential Pending Properties Listing ID Address

City

7944300 475 Silbrico WAY

Castle Rock

Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

5

5

3,846

5,861

4,946

05/06/22

$390

$256

$303

Averages:

3,846

5,861

4,946

$390

$256

$303

Count: 1

High $1,500,000

List Price:

Low $1,500,000

PSF Fin DIM Orig Price

1 1,500,000 1 $1,500,000

List Price

$1,500,000 $1,500,000

Median $1,500,000

Closed Properties Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

Castle Rock

3

3

1,900

3,761

2,670

05/23/22

$474

$240

$337

9968133 492 Tolland DR

Castle Rock

6

5

3,153

4,720

4,563

06/21/21

$396

$265

4921953 467 Lorraway DR

Castle Rock

4

5

3,793

5,736

4,935

06/18/21

$374

5356604 639 Ruby Trust WAY

Castle Rock

4

5

2,430

4,599

4,570

08/06/21

Averages:

2,819

4,704

4,185

Listing ID Address

City

3538661 5083 Hidden Pond PL

Count: 4

Closed Price:

Report Totals

Presented By: Jacob Bingel Generated on: 06/03/2022

Count : 5

High $1,635,000

SqFt Abv Averages: 3,024

SqFt Ttl 4,935

Sqft Fin 4,337

PSF Fin DIM Orig Price

16

925,000

$274

4

$248

$288

$673

$356

$358

$479

$277

$314

Low $901,000 PSF Abv $ 462

List Price Close Price

CP/OLP

$925,000 $901,000

97%

1,200,000

$1,200,000 $1,250,000

104%

6 1,400,000 35 1,800,000 15 $1,331,250

$1,400,000 $1,420,000

101%

$1,675,000 $1,635,000

91%

$1,300,000 $1,301,500

98%

List Price Close Price $1,340,000 $1,301,500

CP/OLP 98 %

Median $1,335,000 PSF Ttl

$273

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $312

Orig Price $1,365,000

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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