Dan Murphy Market Analysis

at Keller Williams Integrity

The Bartic Group's Market Report Highlands Ranch, CO REPORT FOR 5/19/2022 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

Highlands Ranch, CO

This week the median list price for Highlands Ranch, CO is $789,555 with the market action index hovering around 98.

This is less than last month's market action index of 99.

Inventory has increased to 73.

Real-Time Market Profile Median List Price

$789,555

Market Action Index

Median Price of New Listings

$689,950

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

Per Square Foot

$279

Average Days on Market

9

Median Days on Market

7

Price Decreased

19%

Price Increased

3%

Relisted

1%

Inventory

73

Median Rent

$3,170

Market Action

98

inventory.

50

40

Buyer's Market

60

Seller's Market

70

100

10

0

on

98

90

M

ay Tod th

Las t

80

20

30

Strong Seller's Market The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

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

$1,494,999

4,852

0.25 - 0.5 acre

5

4.5

14

5

3

7

$818,950

3,495

6,500 - 8,000 sqft

4

4

28

7

5

7

$714,950

2,618

4,500 - 6,500 sqft

4

4

26

4

4

7

$615,000

2,083

4,500 - 6,500 sqft

3

3

26

16

8

0

Thu May 19 2022

2 of 6

Single-Family Homes

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

Highlands Ranch, CO

Median List Price

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently. $1.0M

$900K

$800K

$700K

$600K

$500K May 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Day Average

Feb 2021

Jun 2021

Oct 2021

Feb 2022

90-Day Average

Segments

Prices have generally settled at a plateau, although Quartile 1 has been trending a bit downward in recent weeks. We’ll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels. $1.8M

$1.5M

$1.3M

$1.0M

$750K

$500K

$250K May 2019

Oct 2019

Feb 2020

Top 90-Day

Jun 2020

Oct 2020

Upper 90-Day

Feb 2021

Lower 90-Day

Thu May 19 2022

Jun 2021

Oct 2021

Feb 2022

Bottom 90-Day

3 of 6

Single-Family Homes

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

Highlands Ranch, CO

Price Per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes.

As a result the value one can buy stays the same. $350

$300

$250

$200

$150 May 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Day Average

Feb 2021

Jun 2021

Oct 2021

Feb 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

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Day Average

Feb 2021

Jun 2021

Oct 2021

Feb 2022

90-Day Average

Thu May 19 2022

4 of 6

Single-Family Homes

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

Highlands Ranch, CO

Market Action Index

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

120

100

80

60

40

20 May 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Day Average

Feb 2021

Jun 2021

Oct 2021

Feb 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

20 May 2019

Oct 2019

Feb 2020

Top 90-Day

Jun 2020

Oct 2020

Upper 90-Day

Feb 2021

Lower 90-Day

Thu May 19 2022

Jun 2021

Oct 2021

Feb 2022

Bottom 90-Day

5 of 6

Single-Family Homes

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

Highlands Ranch, CO

Median Days on Market (DOM)

The properties have been on the market for an average of 9 days. Half of the listings have come newly on the market in the past 2 or so days. Watch the 90-day DOM trend for signals of a changing market.

80

60

40

20

0 May 2019

Oct 2019

Feb 2020

Jun 2020

Oct 2020

7-Day Average

Feb 2021

Jun 2021

Oct 2021

Feb 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.

125

100

75

50

25

0 May 2019

Oct 2019

Feb 2020

Top 90-Day

Jun 2020

Oct 2020

Upper 90-Day

Feb 2021

Lower 90-Day

Thu May 19 2022

Jun 2021

Oct 2021

Feb 2022

Bottom 90-Day

6 of 6

9254 Montrose Way, Highlands Ranch, CO 80126-2760, Douglas County APN: R0329331

CLIP: 7296206685

Beds 4

Full Baths 3

Half Baths N/A

Sale Price $273,900

Bldg Sq Ft 3,242

Lot Sq Ft 9,714

Yr Built 1987

Type SFR

Sale Date 12/12/2001

OWNER INFORMATION

Owner Name

Murphy Daniel E

Mailing Zip

80126

Owner Name 2

Murphy Diane D

Mailing ZIP 4

2760

Mailing Address

9254 Montrose Way

Mailing Carrier Route

C004

Mailing City & State

Highlands Ranch, CO

Owner Occupied

Yes

Property Zip

80126

Census Tract

141.08

Property Zip4

2760

Neighborhood Code

210-210

Property Carrier Route

C004

Neighborhood Name (OnBoard)

Northridge

School District

Douglas County Re 1

Township

06

Elementary School

Northridge

Range

68

Middle School

Mountain Ridge

Section

11

High School

Mountain Vista

Quarter

NW

Subdivision

Highlands Ranch

Block

3

Zoning

PDU

Lot

15

PIN

R0329331

% Improved

80%

Alternate PIN

222911208015

Tax District

3602

Schedule Number

0329331

Legal Description

LOT 15 BLK 3 HIGHLANDS RANC H # 17 0.223 AM/L

LOCATION INFORMATION

TAX INFORMATION

ASSESSMENT & TAX

Assessment Year

2021

2020

2019

Market Value - Land

$112,095

$104,846

$104,846

Market Value - Improved

$439,020

$412,705

$412,705

Market Value - Total

$551,115

$517,551

$517,551

Assessed Value - Land

$8,010

$7,500

$7,500

Assessed Value - Improved

$31,390

$29,510

$29,510

Assessed Value - Total

$39,400

$37,010

$37,010

YOY Assessed Change (%)

6.46%

0%

YOY Assessed Change ($)

$2,390

$0

Tax Year

Total Tax

Change ($)

Change (%)

2019

$3,445

2020

$3,433

-$13

-0.37%

2021

$3,639

$207

6.02%

CHARACTERISTICS

Lot Acres

0.223

Total Rooms

8

Lot Sq Ft

9,714

Bedrooms

4

Land Use - County

Res Single Family Improvements

Baths - Total

3

Land Use - CoreLogic

SFR

Baths - Full

3

Building Type

Single Family

Stories

2

Year Built

1987

Fireplace

Y

Bldg Sq Ft - Above Ground

2,338

Fireplaces

1

Bldg Sq Ft - Basement

953

Heat Type

Forced Air

Bldg Sq Ft - Finished Basement

904

Garage Type

Attached Garage

Bldg Sq Ft - Unfinished Basement

49

Garage Sq Ft

462

Bldg Sq Ft - Total

3,291

Roof Material

Wood Shake

Bldg Sq Ft - Finished

3,242

Exterior

Frame

Basement Type

Walk Out

Quality

Average

# 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: 05/19/22 Page 1/3

SELL SCORE

Rating

Low

Sell Score

420

Value As Of

2022-05-15 05:24:09

LAST MARKET SALE & SALES HISTORY

Sale Date

12/12/2001

Deed Type

Warranty Deed

Sale Price

$273,900

Owner Name

Murphy Daniel E

Price per SqFt - Finished

$84.48

Owner Name 2

Murphy Diane D

Document Number

2212-901

Seller

Haase Jill

Sale Type

Full

Sale Date

12/12/2001

Sale Price

$273,900

04/30/1991

Nominal

04/27/1990

04/15/1987

$148,882

$150,560

Haase Gerald & Jill

Lapes William

Y

Buyer

Murphy Daniel E & Diane D

Buyer

Murphy Diane D

Haase Jill

Seller

Haase Jill

Haase Gerald

Lapes William & Carol

Mission Viejo Co

Document Number

2212-901

974-760

910-773

733-167

Document Type

Warranty Deed

Quit Claim Deed

Warranty Deed

Warranty Deed

Title Company

First American Heritage Title

Haase Jill

MORTGAGE HISTORY

Mortgage Date

06/05/2019

04/05/2013

12/17/2007

05/03/2005

01/20/2004

Mortgage Amount

$295,000

$61,361

$59,900

$270,000

$247,100

Mortgage Lender

Amerisave Mtg Corp

Citimortgage

Citibank Na

Citimortgage

Chase Manhattan Mtg

Borrower

Murphy Daniel E

Murphy Daniel E

Murphy Daniel E

Murphy Daniel E

Murphy Daniel E

Borrower

Murphy Diane D

Murphy Diane

Murphy Diane D

Murphy Diane D

Murphy Diane D

Mortgage Type

Conventional

Conventional

Conventional

Conventional

Conventional

Mortgage Purpose

Refi

Refi

Refi

Refi

Refi

Mortgage Int Rate

4

Mortgage Int Rate Type

Fixed Rate Loan

Fixed Rate Loan

Fixed Rate Loan

Fixed Rate Loan

Mortgage Term

20

25

30

30

15

Mortgage Term

Years

Years

Years

Years

Years

Title Company

First American Mtg Sv cs

United General Title Insurance

United Title/Co

Nations Title Agency

Mortgage Date

12/13/2001

07/08/1987

Mortgage Amount

$246,500

$143,000

Mortgage Lender

Abn Amro Mtg Grp Inc

Mission Viejo Co The

Borrower

Murphy Daniel E

Lapes William

Borrower

Murphy Diane D

Mortgage Type

Conventional

Conventional

Mortgage Purpose

Resale

Resale

Mortgage Int Rate Mortgage Int Rate Type Mortgage Term

30

Mortgage Term

Years

Title Company

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: 05/19/22 Page 2/3

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: 05/19/22 Page 3/3

Map of Property Locations

9342 Crestmore Way, Highlands Ranch, CO 80126 Listing Id: 4175653 Status: Pending 05/17/22 Price: $730,000 1 Subtype: SFR Ttl SqFt: 2,758 Bd/Bth: 4/4 Show #: 9344 Montrose Way, Highlands Ranch, CO 80126 Listing Id: 3473497 Status: Closed 03/02/22 Price: $745,000 3 Subtype: SFR Ttl SqFt: 3,049 Bd/Bth: 4/3 Show #: 720-594-2727

9391 Crestmore Way, Highlands Ranch, CO 80126 Listing Id: 6016499 Status: Closed 05/02/22 Price: $775,000 Subtype: SFR 2 Ttl SqFt: 2,836 Bd/Bth: 4/3 Show #: 800-746-9464 9428 Hibiscus Drive, Highlands Ranch, CO 80126 Listing Id: 9331085 Status: Closed 02/24/22 Price: $732,000 Subtype: SFR 4 Ttl SqFt: 3,120 Bd/Bth: 4/3 Show #: 3035737469

Broker 1 Page 9342 Crestmore Way, Highlands Ranch, CO 80126 (Status: Pending B/U, Listing ID: 4175653) County: Douglas List Price: $730,000 Property Type: Residential Original List Price: $730,000 Property Subtype: Single Family Residence Levels: Multi/Split Basement: Yes Structure Type: House Year Built: 1986 Subdivision Name: Highlands Ranch Listing Contract Date: 04/29/2022 Purchase Contract Date: 05/17/2022 Contingency: None Known Accepting Backups: Yes Days In MLS: 17 Association: Y Multiple: N Cov/Rest: N Assoc Fee Tot Annl: $622.88 Tax Annual Amt: $3,321 Tax Year: 2021 Tax Legal Desc: LOT 6 BLK 2 HIGHLANDS RANCH # 17 0.165 AM/L Interior Area & SqFt Building Area Total (SqFt Total): 2,758 Living Area (SqFt Finished): 2,638 Above Grade Finished Area: 2,058 Below Grade Total Area: 700 Below Grade Finished Area: 580 Below Grade Unfinished Area: 120 PSF Total: $265 PSF Finished: $277 PSF Above Grade: $355 Basement: Partial Bsmnt Ceiling Ht: Foundation: Slab Fireplace: Heating: Forced Air, Natural Gas Cooling: Central Air HVAC Description: Interior Features: Ceiling Fan(s), Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s) Appliances: Dishwasher, Disposal, Microwave, Oven Flooring: Carpet, Tile Exclusions: Seller's personal property, staging items Bed & Bath Summary Bedrooms Total: 4 Bathrooms Total: 4 Baths Full: 2 Baths Three Quarter: 1 Baths Half: 1 Baths One Quarter: 0 Parking Parking Total: 2 Garage Spaces: 2 Offstreet Spaces: 0 Association Information Assoc 1 Fee/Frequency: $155.72 Quarterly Assoc 2 Fee/Frequency: Assoc 3 Fee/Frequency: Assoc Fee Incl: Assoc Amenities: Senior Community: No Restriction Covenants: Pets Allowed: Rentals Allowed: Site & Location Information Lot Size: 0.16 Acres / 6,970 SqFt Waterfront Feat: Elementary School: Northridge / Douglas RE-1 Bldg/Complex Name: Middle/Junior Sch: Mountain Ridge / Douglas RE-1 High School: Mountain Vista / Douglas RE-1 Building & Water Information Architectural Style: Contemporary Construction Materials: Brick, Frame Roof: Composition Exterior Features: Water Included: Yes Water Source: Public Sewer: Public Sewer Public Remarks Make sure this Northridge Highlands Ranch gem is on your showing tour this weekend! Tucked away in a quiet and established neighborhood, it truly shines with incredible curb appeal, mature trees and a larger yard, the exterior wowing with classy and complimentary paint colors, stately brick, and you haven’t even gotten inside yet! And don’t miss the presidential class 4 shingles on the newer r...

Confidential Information Private Remarks: Buyers got cold feet, this home is beautiful and located in an amazing neighborhood! Home is a go and show.

Buyer Agency Comp: 2.8% Dual Variable: No Submitted Prosp: Yes Transaction Broker Comp: 2.8% Contract Earnest Check To: 8z Title Possession: Contract Min Earnest: $8,000 Listing Terms: Cash, Conventional, FHA, VA Loan Title Company: 8z Title Ownership: Individual Showing Information Showing Instructions:

Showing Time

List Agent: Amber Pope List Office: 8z Real Estate Email:

List Agent Phone: 720-643-7653 Mobile: 720-643-7653

amber.pope@8z.com Not intended for public use. All data deemed reliable but not guaranteed. © REcolorado 2022.

Generated on: 05/19/2022 1:47:28 PM

Full Property View

9342 Crestmore Way, Highlands Ranch, CO 80126

----

$730,000 - Pending

9428 Hibiscus Drive, Highlands Ranch, CO 80126 (Status: Closed, Listing ID: 9331085) Close Price: $732,000 County: Douglas List Price: $645,000 Property Type: Residential Original List Price: $645,000 Property Subtype: Single Family Residence Levels: Two Basement: Yes Structure Type: House Year Built: 1992 Subdivision Name: Highlands Ranch Listing Contract Date: 01/20/2022 Purchase Contract Date: 01/24/2022 Contingency: None Known Close Date (DIM): 02/24/2022 Days In MLS: 4 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $632.00 Tax Annual Amt: $2,961 Tax Year: 2020 Tax Legal Desc: LOT 48 HIGHLANDS RANCH #73A 0.156 AM/L Interior Area & SqFt Building Area Total (SqFt Total): 3,120 Living Area (SqFt Finished): 2,130 Above Grade Finished Area: 2,130 Below Grade Total Area: 990 Below Grade Finished Area: 0 Below Grade Unfinished Area: 990 PSF Total: $235 PSF Finished: $344 PSF Above Grade: $344 Basement: Full, Unfinished Bsmnt Ceiling Ht: Foundation: Fireplace: 1/Family Room, Gas, Gas Log Heating: Forced Air Cooling: Central Air HVAC Description: Interior Features: Eat-in Kitchen, Five Piece Bath, Wired for Data Appliances: Dishwasher, Disposal, Oven Flooring: Carpet, Linoleum Exclusions: Clothes washer and dryer, Ring doorbell, Sellers' personal property. *Refrigerator in basement is included.

Bed & Bath Summary Bedrooms Total: 4 Bathrooms Total: 3 Baths Full: 2 Baths Three Quarter: 0 Baths Half: 1 Baths One Quarter: 0 Parking Parking Total: 2 Garage Spaces: 2 Offstreet Spaces: 0 Association Information Assoc 1 Fee/Frequency: $158.00 Quarterly Assoc 2 Fee/Frequency: Assoc 3 Fee/Frequency: Assoc Fee Incl: Assoc Amenities: Clubhouse, Fitness Center Senior Community: No Restriction Covenants: Other Pets Allowed: Rentals Allowed: Site & Location Information Lot Size: 0.16 Acres / 6,970 SqFt Waterfront Feat: Lot Features: Sprinklers In Front, Sprinklers In Rear Elementary School: Bear Canyon / Douglas RE-1 Bldg/Complex Name: Middle/Junior Sch: Mountain Ridge / Douglas RE-1 High School: Mountain Vista / Douglas RE-1 Building & Water Information Construction Materials: Frame, Other Roof: Composition Exterior Features: Water Included: Yes Water Source: Public Sewer: Public Sewer Public Remarks Significant and thorough updates are present throughout this home leaving nothing more for you to do. The private, yet open kitchen was just remodeled and new flooring has been installed on the main level. Updates are everywhere and include fresh paint, light fixtures inside and out, custom cordless window coverings, and new ceiling fans. In the four bedrooms upstairs you’ll find similar care and ...

Confidential Information Private Remarks: Sellers need a 30-45 day rent back if possible. Offers: If we receive multiple offers, updates will be shared via Showingtime. Offers will be received through 8:00 am Monday morning with a response by Tuesday at 8:00am Buyer Agency Comp: 2.8% Dual Variable: Yes Submitted Prosp: No Transaction Broker Comp: 2.8%

List Agent: Kristin Hill List Office: LIV Sotheby's International Realty Email:

khill@livsothebysrealty.com

Buyer Agent: Natalya Kazantseva Buyer Office: Keller Williams Realty Success Email:

Natalyasellshomes@kw.com

Concessions: Buyer Closing Costs/Seller Points Paid, $2,600 Buyer Financing: Conventional

List Agent Phone: 303-817-7446 Mobile: 303-817-7446 Buyer Agent Phone: 720-838-1037 Mobile: 720-838-1037 Close Information

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

Generated on: 05/19/2022 1:47:28 PM

9428 Hibiscus Drive, Highlands Ranch, CO 80126

----

$732,000 - Closed

Welcome home!

Landscaping has been updated along with the sprinkler system.

Brand new driveway with a warranty

Spacious dining room looks out onto the backyard.

Front living room is full of light and overlooks the front porch.

The foyer welcomes you with an updated banister and light fixture.

Kitchen was just updated with new cabinets, countertops and backsplash.

You'll immediately notice the new paint.

9344 Montrose Way, Highlands Ranch, CO 80126 (Status: Closed, Listing ID: 3473497) Close Price: $745,000 County: Douglas List Price: $720,000 Property Type: Residential Original List Price: $720,000 Property Subtype: Single Family Residence Levels: Two Basement: Yes Structure Type: House Year Built: 1987 Subdivision Name: HIGHLANDS RANCH Listing Contract Date: 01/20/2022 Purchase Contract Date: 02/05/2022 Contingency: None Known Close Date (DIM): 03/02/2022 Days In MLS: 16 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $624.00 Tax Annual Amt: $3,075 Tax Year: 2020 Tax Legal Desc: LOT 6 BLK 3 HIGHLANDS RANCH # 17 0.165 AM/L Interior Area & SqFt Building Area Total (SqFt Total): 3,049 Living Area (SqFt Finished): 2,191 Above Grade Finished Area: 2,191 Below Grade Total Area: 858 Below Grade Finished Area: 0 Below Grade Unfinished Area: 858 PSF Total: $244 PSF Finished: $340 PSF Above Grade: $340 Basement: Unfinished, Walk-Out Access Bsmnt Ceiling Ht: Foundation: Fireplace: 1 Heating: Electric, Forced Air Cooling: Central Air HVAC Description: Interior Features: Granite Counters Appliances: Dishwasher, Microwave, Oven Exclusions: Alarm and Kwikset lock do not convey.

Bed & Bath Summary Bedrooms Total: 4 Bathrooms Total: 3 Baths Full: 2 Baths Three Quarter: 0 Baths Half: 1 Baths One Quarter: 0 Parking Parking Total: 2 Garage Spaces: 2 Offstreet Spaces: 0 Association Information Assoc 1 Fee/Frequency: $156.00 Quarterly Assoc 2 Fee/Frequency: Assoc 3 Fee/Frequency: Assoc Fee Incl: Assoc Amenities: Senior Community: No Restriction Covenants: Other Pets Allowed: Rentals Allowed: Site & Location Information Lot Size: 0.16 Acres / 7,187 SqFt Waterfront Feat: Elementary School: Northridge / Douglas RE-1 Bldg/Complex Name: Middle/Junior Sch: Mountain Ridge / Douglas RE-1 High School: Mountain Vista / Douglas RE-1 Building & Water Information Construction Materials: Brick, Wood Siding Roof: Other Exterior Features: Water Included: Yes Water Source: Sewer: Public Sewer Public Remarks Come see this charming 4 bedroom,3 bathroom home now on the market! Fully equipped eat-in kitchen includes updated counters, stainless steel appliances, and white cabinets. Entertaining is a breeze with this great floor plan complete with cozy fireplace. A luxurious primary suite, complete with an en-suite bathroom with double sinks. Relax with your favorite drink in the fenced in backyard with a ...

Confidential Information Private Remarks: To check offer status, access necessary buyer-signed documents & submit offers please visit online portal www.opendoor.com/make-offer.

Seller has a hold-open policy on the home with OS National LLC, OS National LLC, +17704979100, clientservices@osnational.com. Buyer req’d to sign Affiliated Business Disclosure. FHA Eligible: 12/3/2021.

Buyer Agency Comp: 2.5% Dual Variable: Yes Submitted Prosp: No Transaction Broker Comp: 2.5%

List Agent: Feras Rachid List Office: Opendoor Brokerage LLC Email:

homes@opendoor.com

Buyer Agent: Nadia Hrovat Buyer Office: Keller Williams DTC Email:

nadiahrovatre@gmail.com

Concessions: Buyer Closing Costs/Seller Points Paid, $3,800 Buyer Financing: Conventional

List Agent Phone: 720-594-2727 Mobile: 720-594-2727 Buyer Agent Phone: 720-220-8335 Mobile: 720-220-8335 Close Information

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

Generated on: 05/19/2022 1:47:28 PM

9344 Montrose Way, Highlands Ranch, CO 80126

Staged Photo

----

$745,000 - Closed

Staged Photo

9391 Crestmore Way, Highlands Ranch, CO 80126 (Status: Closed, Listing ID: 6016499) Close Price: $775,000 County: Douglas List Price: $695,000 Property Type: Residential Original List Price: $695,000 Property Subtype: Single Family Residence Levels: Three Or More Basement: Yes Structure Type: House Year Built: 1986 Subdivision Name: Highlands Ranch Listing Contract Date: 03/31/2022 Purchase Contract Date: 04/05/2022 Contingency: None Known Close Date (DIM): 05/02/2022 Days In MLS: 5 Association: Y Multiple: N Cov/Rest: Y Assoc Fee Tot Annl: $624.00 Tax Annual Amt: $3,253 Tax Year: 2021 Tax Legal Desc: LOT 11 BLK 1 HIGHLANDS RANCH # 17 0.290 AM/L Interior Area & SqFt Building Area Total (SqFt Total): 2,836 Living Area (SqFt Finished): 2,693 Above Grade Finished Area: 2,136 Below Grade Total Area: 700 Below Grade Finished Area: 557 Below Grade Unfinished Area: 143 PSF Total: $273 PSF Finished: $288 PSF Above Grade: $363 Basement: Crawl Space, Finished, Partial Bsmnt Ceiling Ht: Foundation: Slab Fireplace: 1/Gas, Living Room Heating: Forced Air, Natural Gas Cooling: Central Air HVAC Description: Interior Features: Built-in Features, Eat-in Kitchen, Granite Counters, Primary Suite, Radon Mitigation System, Smoke Free, Tile Counters, Vaulted Ceiling(s), Walk-In Closet(s) Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer Flooring: Carpet, Tile, Wood Exclusions: None Bed & Bath Summary Bedrooms Total: 4 Bathrooms Total: 3 Baths Full: 2 Baths Three Quarter: 0 Baths Half: 1 Baths One Quarter: 0 Parking Parking Total: 2 Garage Spaces: 2 Offstreet Spaces: 0 Association Information Assoc 1 Fee/Frequency: $156.00 Quarterly Assoc 2 Fee/Frequency: Assoc 3 Fee/Frequency: Assoc Fee Incl: Assoc Amenities: Senior Community: No Restriction Covenants: Other Pets Allowed: Rentals Allowed: Site & Location Information Lot Size: 0.29 Acres / 12,632 SqFt Waterfront Feat: Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear Elementary School: Northridge / Douglas RE-1 Bldg/Complex Name: Middle/Junior Sch: Mountain Ridge / Douglas RE-1 High School: Mountain Vista / Douglas RE-1 Building & Water Information Architectural Style: Traditional Direction Faces: Northeast View: Mountain(s) Construction Materials: Brick, Frame, Wood Siding Roof: Composition Exterior Features: Private Yard, Rain Gutters Water Included: Yes Water Source: Public Sewer: Public Sewer Public Remarks Hidden Gem in the Heart of Highlands Ranch! This 4 bedroom, 3 bath, multi-level home is move in ready and features beautiful solid wood floors and an abundance of natural light throughout. 4 bedrooms are found on the upper level including the primary bedroom with an ensuite bath and walk in closet. A full bath serves the remaining 3 bedrooms. The main level has a spacious living room, formal...

Confidential Information Private Remarks: If there are posted showing rules at the door of the property, it is the request of the Seller to keep the property clean and disinfected.

Entering the property is your acknowledgement that you and your clients have read and will follow the rules established by the Seller. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Buyer Agency Comp: 2.8% Dual Variable: Yes Submitted Prosp: No Transaction Broker Comp: 2.8%

List Agent: Celia Zaharas List Office: Colorado Home Realty Email:

celia@coloradohomerealty.com

Buyer Agent: Leigh Flanagan Buyer Office: LIV Sotheby's International Realty Email:

LFlanagan@livsothebysrealty.com

Concessions: No Buyer Financing: Conventional

List Agent Phone: 303-949-3107 Mobile: 303-949-3107 Buyer Agent Phone: 720-352-5006 Mobile: 720-352-5006 Close Information

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

Generated on: 05/19/2022 1:47:28 PM

9391 Crestmore Way, Highlands Ranch, CO 80126

----

$775,000 - Closed

Front of Home

Spacious front Yard

Foyer

Foyer with steps to upper and lower levels.

Living Room with Bay Window

Living Room

Living Room, Entertainment Space and Dining Area

Dining Room and Living Room - new light fixtures!

Living Room

Dining Room

Dining Room and Kitchen Entry

Kitchen - New Dishwasher!

Kitchen opens to an eating area and the Family room.

This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 05/19/2022 to 11/20/2021 Latitude, Longitude is within 0.25 mi of 9254 Montrose Way, Littleton, CO 80126, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'

Residential Pending Properties Listing ID Address

City

4175653 9342 Crestmore WAY

Highlands Ranch Count: 1

Bds

Bths

Abv

Ttl

Fin

Pending

PSF Abv

PSF Ttl

4

4

2,058

2,758

2,638

05/17/22

$355

$265

$277

17

730,000

$730,000

Averages:

2,058

2,758

2,638

$355

$265

$277

17

$730,000

$730,000

High $730,000

List Price:

Low $730,000

PSF Fin DIM Orig Price

List Price

Median $730,000

Closed Properties Listing ID Address

9331085 9428 Hibiscus DR 3473497 9344 Montrose WAY 6016499 9391 Crestmore WAY

City

Highlands Ranch Highlands Ranch Highlands Ranch Count: 3

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

4

3

2,130

3,120

2,130

02/24/22

$344

$235

$344

4

3

2,191

3,049

2,191

03/02/22

$340

$244

4

3

2,136

2,836

2,693

05/02/22

$363

Averages:

2,152

3,002

2,338

$349

Closed Price:

Report Totals

Presented By: Mitch Helfer Generated on: 05/19/2022

Count : 4

Averages:

High $775,000

SqFt Abv 2,129

SqFt Ttl 2,941

List Price Close Price

CP/OLP

4

645,000

$645,000 $732,000

113%

$340

16

720,000

$720,000 $745,000

103%

$273

$288

5

695,000

$695,000 $775,000

112%

$251

$324

8

$686,667

$686,667 $750,667

109%

Orig Price $697,500

List Price Close Price $697,500 $750,667

CP/OLP 109 %

Low $732,000 Sqft Fin 2,413

PSF Abv $ 350

PSF Fin DIM Orig Price

Median $745,000 PSF Ttl

$254

All data deemed reliable but not guaranteed.

Copyright REcolorado © 2022. All rights reserved.

REcolorado.com

PSF Fin $312

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.