CMA - 485 Josephine 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 08/19/2022 to 02/20/2022 Latitude, Longitude is within 0.25 mi of 485

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

Residential Active Properties Listing ID Address

City

3439298 452 University BLVD

Denver

Bds

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

3

4

1,871

2,056

2,020

07/23/22

$694

$632

$643

Averages:

1,871

2,056

2,020

$694

$632

$643

Count: 1

High $1,299,000

List Price:

Low $1,299,000

PSF Fin DIM Orig Price

27 1,349,000 27 $1,349,000

List Price

$1,299,000 $1,299,000

Median $1,299,000

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

5958895 2450 E 5th AVE #H

Denver

3

3

1,584

1,914

1,914

06/21/22

$543

$449

$449

5411732 456 University BLVD

Denver

3

4

1,658

2,250

2,250

07/29/22

$660

$487

$487

8502732 338 Clayton ST #6

Denver

3

4

2,350

2,350

2,350

06/29/22

$538

$538

$538

1875422 2707 E 4th AVE

Denver

3

4

1,734

2,448

2,370

06/30/22

$913

$647

Averages:

1,832

2,241

2,221

$664

$530

Count: 4

Closed Price:

Report Totals

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

Count : 5

Averages:

High $1,584,000

SqFt Abv 1,839

SqFt Ttl 2,204

Sqft Fin 2,181

Low $860,000 PSF Abv $ 670

PSF Fin DIM Orig Price

895,000

List Price Close Price

CP/OLP

$895,000 $860,000

96% 100%

$668

4 21 1,300,000 2 1,350,000

$1,095,000 $1,095,000

$536

9 $1,160,000

9

1,095,000

$1,300,000 $1,265,000

97%

$1,350,000 $1,584,000

117%

$1,160,000 $1,201,000

103%

List Price Close Price $1,187,800 $1,201,000

CP/OLP 103 %

Median $1,180,000 PSF Ttl

$551

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $557

Orig Price $1,197,800

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