11540 W 27th Pl. Comparative Market Analysis

at Keller Williams Integrity

Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/21/2022 to 12/23/2021 Property Sub Type is 'Single Family Residence' Latitude, Longitude is within 0.25 mi of 11540 W 27th Pl, Lakewood, CO 80215, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' 11 Properties have been discarded.

Residential Active Properties Listing ID Address

City

8930189 2659 Simms ST

Lakewood

Bds

4

Count: 1

Bths

Abv

Ttl

Fin

List

PSF Abv

PSF Ttl

3

1,669

3,167

3,069

06/16/22

$728

$384

$396

Averages:

1,669

3,167

3,069

$728

$384

$396

High $1,215,000

List Price:

Low $1,215,000

PSF Fin DIM Orig Price

5 1,215,000 5 $1,215,000

List Price

$1,215,000 $1,215,000

Median $1,215,000

Closed Properties Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

Lakewood

4

3

2,158

2,808

2,158

04/25/22

$452

$347

Lakewood

4

3

2,576

2,576

2,576

03/29/22

$384

6100847 11163 W 27th AVE

Lakewood

3

3

2,124

2,772

2,772

05/17/22

$469

7868717 11844 W 28th PL

Lakewood

4

3

1,886

2,897

2,590

05/20/22

Averages:

2,186

2,763

2,524

Listing ID Address

City

6704345 11843 W 27th DR IR960236 2796 Quail ST

Count: 4

Closed Price:

Report Totals

Presented By: Frances Sullivan Generated on: 06/21/2022

Count : 5

Averages:

High $1,150,000

SqFt Abv 2,083

SqFt Ttl 2,844

Sqft Fin 2,633

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

$452

4

875,000

$875,000 $975,000

111%

$384

4

825,000

$825,000 $990,000

120%

$360

$360

2

850,000

$850,000 $996,916

117%

$610

$397

$444

$915,000 $1,150,000

126%

$368

$410

1 3

915,000

$479

$866,250

$866,250 $1,027,979

119%

Orig Price $936,000

List Price Close Price $936,000 $1,027,979

CP/OLP 119 %

Low $975,000 PSF Abv $ 529

Median $993,458 PSF Ttl

$372

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $407

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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