Market Analysis For Michael K

at Keller Williams Integrity

This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 07/15/2022 to 01/16/2022 Property Sub Type is 'Single Family Residence' Levels is 'One' Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Latitude, Longitude is around 39.75, -105.06, is around 39.76, -105.06, is around 39.75, -105.06

Residential Closed Properties Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

Edgewater

2

1

839

839

839

04/06/22

$471

$471

$471

30

425,000

$425,000 $395,000

93%

Edgewater

3

2

953

953

953

06/24/22

$687

$687

$687

650,000

$650,000 $655,000

101%

Averages:

896

896

896

$579

$579

$579

11 21

$537,500

$537,500 $525,000

97%

Orig Price $537,500

List Price Close Price $537,500 $525,000

CP/OLP 97 %

Listing ID Address

City

8997380 2554 Fenton ST 8081549 2440 Depew ST

Count: 2

Closed Price:

Report Totals

Presented By: Jonathan Casillas Generated on: 07/15/2022

Count : 2

High $655,000

SqFt Abv 896 Averages:

SqFt Ttl 896

Low $395,000 Sqft Fin 896

PSF Abv $ 579

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

Median $525,000 PSF Ttl

$579

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $579

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.

Results That MOVE You

720.208.7200 TheBarticGroup.com A Veteran Owned Business