Garcia_ CMA

This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/30/2022 to 03/03/2022 Mls Status is 'Withdrawn' Status Contractual Search Date is 08/30/2022 to 03/03/2022 Property Sub Type is 'Single Family Residence' Beds Total is 2 Baths Total Integer is 2+ Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Latitude, Longitude is around 39.79, -104.77

Residential Active Properties Listing ID Address

City

2094288 5207 Andes WAY

Denver

Bds

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

2

3

1,171

1,171

1,171

08/18/22

$373

$373

$373

Averages:

1,171

1,171

1,171

$373

$373

$373

Count: 1

High $437,000

List Price:

Low $437,000

PSF Fin DIM Orig Price

List Price

437,000

$437,000

$437,000

$437,000

PSF Fin DIM Orig Price

List Price

12 12

Median $437,000

Pending Properties Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

Denver

2

3

1,175

1,175

1,175

08/16/22

$385

$385

$385

129

521,000

$452,000

Denver

2

3

1,460

1,460

1,460

08/19/22

$332

$332

$332

484,900

$484,900

Averages:

1,318

1,318

1,318

$358

$358

$358

8 69

$502,950

$468,450

Listing ID Address

City

5567310 5256 Andes ST 5480301 5128 Andes WAY

Count: 2

High $484,900

List Price:

Low $452,000

Median $468,450

Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

2363597 18726 E 51st PL

Denver

2

3

1,524

1,524

1,524

08/26/22

$295

$295

$295

5290592 5153 Andes WAY

Denver

2

2

1,407

1,407

1,407

05/02/22

$334

$334

$334

Averages:

1,466

1,466

1,466

$315

$315

$315

Count: 2

Closed Price:

Report Totals

Presented By: Lily Lopez Generated on: 08/30/2022

Count : 5

Averages:

High $470,000

SqFt Abv 1,347

SqFt Ttl 1,347

Low $449,900 Sqft Fin 1,347

PSF Abv $ 344

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

19

524,900

$449,900 $449,900

86%

4 12

455,000

$455,000 $470,000

103%

$489,950

$452,450 $459,950

95%

Orig Price $484,560

List Price Close Price $455,760 $459,950

CP/OLP 95 %

Median $459,950 PSF Ttl

$344

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $344

CMA 1-Line Page 1 of 1

Comparative Market Analysis

5195 Andes Street, Denver, Colorado 80249

Intelligent Pricing and 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 Mrst two weeks of marketing are crucial.

• The market never lies, but it can change its mind.

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 biggest are location and condition. Generally, fair market value can be estimated by considering the 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 it, 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.

Lily Lopez The Bartic Group at Keller Williams Integrity Cell: 303-808-0650

42

Comparative Market Analysis

5195 Andes Street, Denver, Colorado 80249

Intelligent Pricing and Timing

Your best chance of selling your home is in the Mrst two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.

With a sign in the yard, full description and photos 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 home will get the greatest Nurry of attention and interest in the Mrst two weeks.

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 either 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.

Lily Lopez The Bartic Group at Keller Williams Integrity Cell: 303-808-0650

43