Hughes Market Analysis

at Keller Williams Integrity

The Bartic Group's Market Report Commerce City, CO REPORT FOR 5/13/2022 Single-Family Homes

Presented by Bartic Group 720-208-7200 info@thebarticgroup.com

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Commerce City, CO

This week the median list price for Commerce City, CO is $639,280 with the market action index hovering around 97.

This is about the same as last month's market action index of 97. Inventory has increased to 55.

Real-Time Market Profile Median List Price

$639,280

Market Action Index

Median Price of New Listings

$620,000

This answers “How’s the Market?” by comparing rate of sales versus

Per Square Foot

$215

Average Days on Market

13

Median Days on Market

0

Price Decreased

18%

Price Increased

16%

Relisted

2%

Inventory

55

Median Rent

$2,748

Market Action

97

inventory.

50

40

Buyer's Market

60

Seller's Market

70

100

10

0

on

97

90

M

ay Tod th

Las t

80

20

30

Strong Seller's Market In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Strong Seller's Market

Market Segments Each segment below represents approximately 25% of the market ordered by price.

Median Price

Sq. Ft.

Lot Size

Beds

Bath

Age

New

Absorbed

DOM

$749,104

4,149

6,500 - 8,000 sqft

4

4

2

7

3

0

$665,380

3,502

4,500 - 6,500 sqft

4

3.5

1

8

3

0

$602,500

2,661

4,500 - 6,500 sqft

3

3

0

7

7

7

$455,000

1,571

4,500 - 6,500 sqft

3

3

21

10

8

0

Fri May 13 2022

2 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Commerce City, CO

Median List Price

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift. $700K

$650K

$600K

$550K

$500K

$450K

$400K May 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

May 2022

90-Day Average

Segments

Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. $800K

$700K

$600K

$500K

$400K

$300K May 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri May 13 2022

May 2021

Sep 2021

Jan 2022

May 2022

Bottom 90-Day

3 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Commerce City, CO

Price Per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money. $350

$300

$250

$200

$150

$100 May 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

May 2022

90-Day Average

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

200

150

100

50

0 May 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

May 2022

90-Day Average

Fri May 13 2022

4 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Commerce City, CO

Market Action Index

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.

However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

120

100

80

60

40

20 May 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

May 2022

90-Day Average

Market Action Segments

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

120

100

80

60

40 May 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri May 13 2022

May 2021

Sep 2021

Jan 2022

May 2022

Bottom 90-Day

5 of 6

Single-Family Homes

The Bartic Group's Market Report www.TheBarticGroup.com

Commerce City, CO

Median Days on Market (DOM)

The properties have been on the market for an average of 15 days. Half of the listings have come newly on the market in the past 4 or so days. Watch the 90-day DOM trend for signals of a changing market.

80

60

40

20

0 May 2019

Sep 2019

Jan 2020

May 2020

Sep 2020

7-Day Average

Jan 2021

May 2021

Sep 2021

Jan 2022

May 2022

90-Day Average

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

80

60

40

20

0 May 2019

Sep 2019

Jan 2020

Top 90-Day

May 2020

Sep 2020

Upper 90-Day

Jan 2021

Lower 90-Day

Fri May 13 2022

May 2021

Sep 2021

Jan 2022

May 2022

Bottom 90-Day

6 of 6

6130 E 61st Ave, Commerce City, CO 80022-3409, Adams County APN: R0091765

CLIP: 3187819876

MLS Beds 3

MLS Full Baths 1

Half Baths N/A

Sale Price $260,000

MLS Sq Ft 1,790

Lot Sq Ft 6,000

Yr Built 1955

Type SFR

Sale Date 08/21/2018

OWNER INFORMATION

Owner Name

Dutton David

Mailing Zip

80022

Owner Name 2

Hughes Brian

Mailing ZIP 4

3409

Mailing Address

6130 E 61st Ave

Mailing Carrier Route

C014

Mailing City & State

Commerce City, CO

Owner Occupied

Yes

Property Zip

80022

Census Tract

87.09

Property Zip4

3409

Neighborhood Code

Commerce City Southeast-520

Property Carrier Route

C014

Township

03S

School District

Adams County 14

Range

67W

Elementary School

Rose Hill

Section

08

Middle School

Kearney

Quarter

NW

High School

Adams City

Block

2

Subdivision

B & B Sub

Lot

4

PIN

R0091765

% Improved

78%

Alternate PIN

1823-08-2-15-022

Tax District

250

Schedule Number

R0091765

Legal Description

SUB:B AND B SUBD BLK:2 LOT:4

LOCATION INFORMATION

TAX INFORMATION

ASSESSMENT & TAX

Assessment Year

2021

2020

2019

Market Value - Land

$69,000

$69,000

$69,000

Market Value - Improved

$247,939

$201,706

$201,706

Market Value - Total

$316,939

$270,706

$270,706

Assessed Value - Land

$4,930

$4,930

$4,930

Assessed Value - Improved

$17,730

$14,420

$14,420

Assessed Value - Total

$22,660

$19,350

$19,350

YOY Assessed Change (%)

17.11%

0%

YOY Assessed Change ($)

$3,310

$0

Tax Year

Total Tax

Change ($)

Change (%)

2019

$1,740

2020

$1,743

$4

0.21%

2021

$2,008

$265

15.19%

CHARACTERISTICS

Lot Frontage

59

Total Rooms

6

Lot Depth

103

Bedrooms

3

Lot Acres

0.1377

Baths - Total

Tax: 2 MLS: 3

Lot Sq Ft

6,000

MLS Total Baths

3

Land Use - County

Single Family Resid

Baths - Full

Tax: 2 MLS: 1

Land Use - CoreLogic

SFR

Stories

1

Building Type

Residential

Cooling Type

Central

Style

Ranch

Heat Type

Forced Air

Year Built

1955

Garage Type

Detached Garage

Bldg Sq Ft - Above Ground

1,384

Garage Sq Ft

720

Bldg Sq Ft - Basement

740

Roof Material

Composition Shingle

Bldg Sq Ft - Total

1,899

Construction

Frame

Bldg Sq Ft - Finished

Tax: 1,384 MLS: 1,790

Exterior

Frame

Bldg Sq Ft - 1st Floor

1,384

Quality

Fair

Basement Type

Unfinished

Equipment

Ssk, Whe

# Buildings

1

Property Details

Courtesy of Mitch Helfer, REcolorado

The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.

Generated on: 05/13/22 Page 1/3

FEATURES

Feature Type

Size/Qty

Sink Standard

1

Bath 4

2

Water Heater

1

Laundry Facility

1

Allowance

1

Detached Garage

720

Unfinished

740

Building Description

Building Size

Single Family

1

SELL SCORE

Rating

Low

Sell Score

442

Value As Of

2022-05-08 04:20:23

LISTING INFORMATION

MLS Listing Id

909091

MLS Current Price

$139,000

MLS Days On Market

86

MLS Original List Price

$154,500

MLS Source

REcolorado

MLS Listing Contract Date

07/16/2010

MLS Status

Withdrawn

MLS List Office Name

NAGEL & ASSOCIATES REALTY, LLC

MLS Status Change Date

10/10/2010

MLS List Agent Full Name

01936n-Sonja Nagel

MLS Listing #

875568

841731

MLS Source History

REcolorado

REcolorado

MLS Status

Withdrawn

Closed

MLS Listing Price

$159,900

$65,000

MLS Orig Listing Price

$159,900

$50,000

MLS Listing Close Price

$0

$72,000

MLS Listing Date

04/17/2010

01/14/2010

MLS Close Date

03/31/2010

LAST MARKET SALE & SALES HISTORY

Sale Date

08/21/2018

Deed Type

Warranty Deed

Sale Price

$260,000

Owner Name

Dutton David

Price per SqFt - Finished

$187.86

Owner Name 2

Hughes Brian

Document Number

73316

Seller

Hughes Debbie & Kenneth W

Sale Date

08/21/2018

03/30/2012

Sale Price

$260,000

$139,000

Nominal

03/14/2012

11/15/2010

03/31/2010 $72,000

Y

Buyer

Dutton David

Hughes Debbie & Kenn eth W

107 Holdings LLC

107 Holdings LLC

Jefferson Green LLC

Buyer

Hughes Brian

Hughes Kenneth W

Seller

Hughes Debbie & Kenn eth W

107 Holdings LLC

Jefferson Green LLC

Jefferson Green LLC

Olmos Flavio Jr

Document Number Document Type

73316

23911

23909

11977

21537

Warranty Deed

Warranty Deed

Quit Claim Deed

Quit Claim Deed

Title Company

Warranty Deed

First American Title

Land Title Guarantee

Land Title Guarantee

Sale Date

05/05/2006

Sale Price

$124,950

Nominal Buyer

Olmos Flavio Jr

Buyer

Quantum Title

01/18/2006

08/01/2005

Y

Y

Fowler David & Lela M

Fowler Lela M

Fowler Lela M

Seller

Fowler David & Lela M

Fowler Lela M

Fowler R Lee

Document Number

513900

83650

810680

Document Type

Warranty Deed

Quit Claim Deed

Affidavit

Title Company

Security Title Co

MORTGAGE HISTORY

Mortgage Date Property Details

09/10/2018

04/02/2012

02/28/2007

05/18/2006

Courtesy of Mitch Helfer, REcolorado

The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.

05/18/2006 Generated on: 05/13/22 Page 2/3

Mortgage Amount

$208,000

$141,988

$21,578

$99,960

$24,990

Mortgage Lender

Quicken Lns Inc

Swbc Mtg Corp

Household Fin Corp III

Advent Mtg LLC

Advent Mtg LLC

Borrower

Dutton David

Hughes Debbie

Olmos Flavio Jr

Olmos Flavio Jr

Olmos Flavio Jr

Borrower

Hughes Brian

Hughes Kenneth W

Mortgage Type

Conventional

Va

Conventional

Conventional

Conventional

Mortgage Purpose

Resale

Resale

Refi

Resale

Resale

Mortgage Int Rate

7.875

Mortgage Int Rate Type

Adjustable Int Rate Loa n

Mortgage Term

30

30

20

30

15

Mortgage Term

Years

Years

Years

Years

Years

Title Company

US Recordings Inc

FORECLOSURE HISTORY

Document Type

Release Of Lis Pendens/Notice

Default Date

Notice Of Trustee's Sale 06/01/2009

Foreclosure Filing Date

11/04/2009

Recording Date

04/14/2010

11/12/2009

Document Number

24280

84123

Final Judgment Amount

$97,187

Original Doc Date

11/12/2009

05/18/2006

Original Document Number

84123

513910

PROPERTY MAP

*Lot Dimensions are Estimated

Property Details

Courtesy of Mitch Helfer, REcolorado

The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.

Generated on: 05/13/22 Page 3/3

Map of Property Locations

6150 E 60th Place, Commerce City, CO 80022 Listing Id: 2593706 Status: Closed 05/04/22 Price: $415,000 1 Subtype: SFR Ttl SqFt: 740 Bd/Bth: 3/1 Show #: 1-888-808-0331

6151 E 60th Place, Commerce City, CO 80022 Listing Id: 7299513 Status: Closed 01/06/22 Price: $355,000 Subtype: SFR 2 Ttl SqFt: 740 Bd/Bth: 2/1 Show #: 303-573-7469

Full Property View

6150 E 60th Place, Commerce City, CO 80022 Listing ID:

$415,000 - Closed

----

2593706

MLS Status: Close Price: County: Adams List Price: Property Type: Residential Original List Price: Property Subtype: Single Family Residence Structure Type: House Basement: Levels: One Year Built: Subdivision Name: Commerce City Listing Contract Date: 04/07/2022 Spec. Listing Cond: Purchase Contract Date: 04/12/2022 Contingency: Close Date: 05/04/2022 Days in MLS: 5 Association: N Multiple: Cov/Rest: N Assoc Fee Tot Annl: Tax Annual Amt: $1,561 Tax Year: Tax Legal Desc: SUB:B AND B SUBD BLK:3 LOT:6

Closed $415,000 $400,000 $400,000 No 1955 None Known None Known $0.00 2021

Recent: 05/04/2022 : CLOSE : P->C

Interior Area & SqFt Building Area Total (SqFt Total): 740 Living Area (SqFt Finished): 740 Area Source: Above Grade Finished Area: 740 PSF Total: $561 PSF Above Grade: $561 PSF Finished: Foundation: Fireplace: Heating: Forced Air Cooling: None HVAC Description: Interior Features: Granite Counters Security Features: Flooring: Carpet, Laminate, Tile Appliances: Dishwasher, Disposal, Microwave, Oven, Range Exclusions: Seller's personal property and staging items.

$561

Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:

3 0 3 0 0

Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:

1 0 1 0 0

Bathrooms Full: Three Quarter: Half: One Quarter:

1 0 0 0

Detailed Room Info Room Type Living Room Kitchen Bathroom (Full) Laundry Bedroom Bedroom Bedroom

Rm Level Main Main Main Main Main Main Main

Dimensions Description

stackable

Parking Parking Total: 5 Garage Spaces: 0 Carport Spaces: 0 Reserved Spaces: 3 Parking Type # of Spaces Parking Length Parking Width Reserved - Exclusive 3 Use Only Off-Street 2 Parking Features: Driveway-Gravel

Offstreet Spaces: RV Spaces: Parking Description Driveway

2 0

Site & Location Information Lot Size: Current Use:

0.14 Acres / 6,000 SqFt

Fencing:

R0091787 45

Elementary School: Rose Hill / Adams 14 Middle/Junior Sch: Kearney / High School: Adams City / Adams 14 School of Choice: View Walk, Bike, & Transit Scores

Bldg/Complex Name: Parcel Number: Walk Score:

Building Information Architectural Style: Construction Materials: Cement Siding, Frame Roof: Composition Exterior Features: Property Condition: Updated/Remodeled Builder Name: Patio/Porch Feat: Covered, Front Porch Pool Features:

Builder Model:

Water & Utilities Water Included:

Yes

Water Source:

Public

Sewer:

Public Sewer

Public Remarks Updated 3 Bedroom, 1 Full bathroom ranch with a covered front porch and fenced yard. Enjoy newer cabinets, granite countertops, laminate flooring, carpet, exterior and interior paint, appliances, roof, and electrical service panel. Beautifully remodeled bathroom. Large driveway to fit several vehicles or an RV/trailer. Front yard is completely fenced. Backyard fenced except an opening between the house and the garage. Plenty of room to add a detached garage if desired. Walking

to distance to all the fun at Pioneer Park which boasts a pool, basketball courts, skate park, batting cages, baseball and softball, as well as picnic areas. Quick access to I-70 and 270.

Confidential Information Private Remarks: In your offer, input Seller's Property disclosure date as N/A. Seller does not provide a SPD. All offers require a lender letter or Proof of funds. -Please call Listing Agent when submitting an offer. For a quicker response on your questions please text Brandon at 720-621-3347 Buyer Agency Comp: 2.5% Dual Variable: No Submitted Prosp: Yes Transaction Broker Comp: 2.5% Contract Earnest Check To: Stewart Title Possession: Closing/DOD Contract Min Earnest: $4,000 Listing Terms: Cash, Conventional, FHA, VA Loan Title Company: Stewart Title. Closer Gina Cruz Ownership: Corporation/Trust

List Agent List Agent: List Agent ID:

Brandon Kite 31991N

List Office: American Home Agents

Phone: 720-621-3347 Mobile: 720-621-3347 Office: 303-695-5900 Email: brandonkite@gmail.com

List Office ID:

AMRE1

Buyer Agent: Blair Dinkins

Phone: 719-357-1346

Buyer Agent ID:

55058899

Buyer Office: eXp Realty, LLC

Email:

Buyer Office ID:

EXPCO

Buyer Agent

blair@coloradoteam.com

Close Information Concessions: No Commission Modified: NA

Buyer Financing: Closing Comments:

VA

Not intended for public use. All data deemed reliable but not guaranteed. © REcolorado 2022.

Generated on: 05/13/2022 9:14:43 AM

Full Property View

6151 E 60th Place, Commerce City, CO 80022 Listing ID:

$355,000 - Closed

----

7299513

MLS Status: Close Price: County: Adams List Price: Property Type: Residential Original List Price: Property Subtype: Single Family Residence Structure Type: House Basement: Levels: One Year Built: Subdivision Name: Commerce City Listing Contract Date: 11/30/2021 Spec. Listing Cond: Purchase Contract Date: 12/02/2021 Contingency: Close Date: 01/06/2022 Days in MLS: 2 Association: N Multiple: Cov/Rest: N Assoc Fee Tot Annl: Tax Annual Amt: $1,422 Tax Year: Tax Legal Desc: SUB:B AND B SUBD BLK:2 LOT:19

Closed $355,000 $354,000 $354,000 No 1955 None Known None Known $0.00 2020

Interior Area & SqFt Building Area Total (SqFt Total): 740 Living Area (SqFt Finished): 740 Area Source: Above Grade Finished Area: 740 PSF Total: $480 PSF Above Grade: $480 PSF Finished: Foundation: Fireplace: Heating: Forced Air Cooling: Central Air HVAC Description: Security Features: Flooring: Tile, Vinyl Exclusions: Seller's personal property and or staging items

$480

Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:

2 0 2 0 0

Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:

1 0 1 0 0

Bathrooms Full: Three Quarter: Half: One Quarter:

1 0 0 0

Detailed Room Info Room Type Bathroom (Full) Bedroom Bedroom Laundry Kitchen Living Room

Rm Level Main Main Main Main Main Main

Dimensions Description

Parking Parking Total: 4 Carport Spaces: 1 Parking Type Off-Street Reserved - Exclusive Use Only Carport (Attached)

# of Spaces 2 1

Garage Spaces: 0 Reserved Spaces: 1 Parking Length Parking Width

Offstreet Spaces: RV Spaces: Parking Description

2 0

Driveway

1

Site & Location Information Lot Size: Current Use:

0.14 Acres / 6,000 SqFt

Fencing:

R0091750 51

Elementary School: Rose Hill / Adams 14 Middle/Junior Sch: Kearney / Adams 14 High School: Adams City / Adams 14 School of Choice: View Walk, Bike, & Transit Scores

Bldg/Complex Name: Parcel Number: Walk Score:

Building Information Architectural Style: Construction Materials: Frame Roof: Composition

Exterior Features:

Water & Utilities Water Included:

Yes

Water Source:

Sewer:

Public Sewer

Outbuildings # of Outbuildings: 2 Outbuilding Type SqFt Shed(s) Shed(s)

Stories Yr Blt Stalls Doors Length/Width Floor

Stall Floor

Features

Description

Public Remarks Updated 2 bedroom, 1 full bathroom ranch with attached carport and covered front patio. Enclosed sun room patio in backyard. Newer carpet, paint, vinyl flooring, cabinets, granite countertops, appliances and remodeled bathroom. Good sized front and back yard with 2 sheds. Walking distance to Paradice Island Pool and water park and Pioneer Park with

basketball courts, skatepark, batting cages and softball and baseball fields. Easy highway access to get anywhere you want in the city.

Confidential Information Buyer Agency Comp: Transaction Broker Comp: Contract Earnest Check To: Contract Min Earnest: Title Company:

2.5% 2.5% Stewart Title $3,500 Stewart Title

Dual Variable:

No

Submitted Prosp:

Yes

Listing Terms:

Possession: Closing/DOD Cash, Conventional, FHA, VA Loan Ownership: Corporation/Trust

List Agent List Agent: List Agent ID:

Brandon Kite 31991N

List Office: American Home Agents

Phone: 720-621-3347 Mobile: 720-621-3347 Office: 303-695-5900 Email: brandonkite@gmail.com

List Office ID:

AMRE1

Buyer Agent: Maritza Escobar Low

Phone: 303-641-2706

Buyer Agent ID:

55039852

Buyer Office: Rocky Mountain R.E. Advisors

Email:

Buyer Office ID:

RMREA

Buyer Agent

mescobar0512@gmail.com

Close Information Concessions: No Commission Modified: NA

Buyer Financing: Closing Comments:

Conventional

Not intended for public use. All data deemed reliable but not guaranteed. © REcolorado 2022.

Generated on: 05/13/2022 9:17:13 AM

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 05/13/2022 to 11/14/2021 Latitude, Longitude is within 0.25 mi of

6130 E 61st Ave, Commerce City, CO 80022, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Residential Closed Properties Listing ID Address

City

7299513 6151 E 60th PL

Commerce City Commerce City Count: 2

2593706 6150 E 60th PL

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

List Price Close Price

CP/OLP

2

1

740

740

740

01/06/22

$480

$480

$480

2

354,000

$354,000 $355,000

100%

3

1

740

740

740

05/04/22

$561

$561

$561

5

400,000

$400,000 $415,000

104%

Averages:

740

740

740

$520

$520

$520

4

$377,000

$377,000 $385,000

102%

Orig Price $377,000

List Price Close Price $377,000 $385,000

CP/OLP 102 %

Closed Price:

Report Totals

Presented By: Mitch Helfer Generated on: 05/13/2022

Count : 2

Averages:

High $415,000

SqFt Abv 740

SqFt Ttl 740

Low $355,000 Sqft Fin 740

PSF Abv $ 520

PSF Fin DIM Orig Price

Median $385,000 PSF Ttl

$520

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $520

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 first two weeks of marketing are crucial.

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)

Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh 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 home will get the greatest flurry of attention and interest in the first 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 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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