CMA - 14901 Randolph Pl

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/19/2022 to 02/20/2022 Property Sub Type is 'Single Family

Residence' Latitude, Longitude is within 0.50 mi of 14901 Randolph Pl, Denver, CO 80239, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Residential Active Properties Listing ID Address

City

2447458 14972 Lackland PL

Denver

Bds

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

4

2

875

1,750

1,750

08/15/22

$549

$274

$274

Averages:

875

1,750

1,750

$549

$274

$274

Count: 1

High $479,974

List Price:

Low $479,974

PSF Fin DIM Orig Price

4 4

List Price

479,974

$479,974

$479,974

$479,974

Median $479,974

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

7970237 15084 Olmsted DR

Denver

4

2

857

1,714

1,714

04/27/22

$525

$263

$263

5428050 14503 March DR

Denver

4

2

857

1,714

1,628

07/08/22

$525

$263

5803018 14410 Pensacola DR

Denver

4

2

857

1,714

1,714

05/20/22

$548

5433150 5522 Carson ST

Denver

5

2

968

1,936

1,646

02/23/22

$491

3754247 5525 Chandler CT

Denver

5

2

968

1,936

1,936

04/22/22

Averages:

901

1,803

1,728

Count: 5

Closed Price:

Report Totals

Presented By: Michael Jenkins Generated on: 08/19/2022

Count : 6

Averages:

High $475,000

SqFt Abv 897

SqFt Ttl 1,794

List Price Close Price

CP/OLP

6

420,000

$420,000 $450,000

107%

$276

7

440,000

$440,000 $450,000

102%

$274

$274

3

450,000

$450,000 $470,000

104%

$245

$289

4

419,000

$419,000 $475,000

113%

$491

$245

$245

$449,000 $475,000

106%

$516

$258

$269

3 5

449,000 $435,600

$435,600 $464,000

107%

Orig Price $442,996

List Price Close Price $442,996 $464,000

CP/OLP 107 %

Low $450,000 Sqft Fin 1,731

PSF Abv $ 521

PSF Fin DIM Orig Price

Median $470,000 PSF Ttl

$261

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $270

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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