Comparative Market Analysis for 801 Steele St.

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/14/2022 to 03/16/2022 Latitude, Longitude is within 0.25 mi of 801

Steele St, Denver, CO 80206, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Residential Active Properties Bds

Bths

Abv

Ttl

Fin

List

PSF Abv

Denver

3

2

1,102

1,691

1,691

06/08/22

$907

Denver

4

2

1,293

2,494

2,473

05/20/22

$889

Averages:

1,198

2,093

2,082

$898

Listing ID Address

City

IR967874 809 Madison ST 8070675 839 Madison ST

Count: 2

High $1,150,000

List Price:

PSF Ttl

PSF Fin DIM Orig Price

List Price

$591

5

1,000,000

$1,000,000

$461

$465

$1,150,000

$461

$528

22 1,250,000 14 $1,125,000

Low $1,000,000

$1,075,000

Median $1,075,000

Pending Properties Listing ID Address

City

1537737 658 Steele ST

Denver

Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

3

2

1,490

2,467

2,365

06/09/22

$671

$405

$423

Averages:

1,490

2,467

2,365

$671

$405

$423

Count: 1

High $1,000,000

List Price:

Low $1,000,000

PSF Fin DIM Orig Price

1,000,000

4 4 $1,000,000

List Price

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

Median $1,000,000

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

7694769 937 Madison ST

Denver

3

2

1,027

1,624

1,624

06/10/22

$850

$538

$538

5

865,000

8381118 969 Steele ST

Denver

3

3

1,246

2,276

2,150

04/21/22

$963

$527

$558

3

7317819 930 Saint Paul ST

Denver

3

2

1,371

2,159

2,020

05/13/22

$929

$590

$630

4

5023268 919 Saint Paul ST

Denver

4

3

1,673

3,105

3,105

05/20/22

$897

$483

$483

Averages:

1,329

2,291

2,225

$910

$534

$552

Count: 4

Closed Price:

Report Totals

Presented By: Jacob Bingel Generated on: 06/14/2022

Count : 7

Averages:

High $1,500,000

SqFt Abv 1,315

SqFt Ttl 2,259

Sqft Fin 2,204

Low $873,000 PSF Abv $ 872

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

$865,000 $873,000

101%

1,050,000

$1,050,000 $1,200,000

114%

1,150,000

$1,150,000 $1,273,500

111%

1,350,000

$1,350,000 $1,500,000

111%

$1,103,750 $1,211,625

109%

List Price Close Price $1,080,714 $1,211,625

CP/OLP 109 %

4 4 $1,103,750

Median $1,236,750 PSF Ttl

$501

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $527

Orig Price $1,095,000

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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