5650 S Steele St - Market Analysis

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Specifically Crafted for Your Home

market analysis and marketing strategy

With over 4 decades of combined real estate background, Gina and Kara are a dynamic mother-daughter team who offer a unique real estate experience, blending exceptional concierge-level service with intimate market knowledge.

Distinguished by honesty, integrity, and expertise at connecting buyers and sellers to achieve their real estate goals, Gina and Kara successfully navigate a wide spectrum of complex transactions, accomplishing the best results for every client, regardless of market and price point.

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CURRENT MARKET REVIEW

An interesting weekend in Metro Denver’s Real estate market. Our average daily active count rose another 2.6% with 4,123 total listings for sale, 1,182 of which were new listings. New listings fell week over week by 0.5% but compared to one year ago new listings are down 30.4% keeping inventory choices tight in 2023. Pending transactions were up from last week by 2.5% with 1,146 listings going under contract.

*Counties Surveyed: Douglas, Arapahoe, Adams, Denver, Broomfield, Elbert, and Je erson

APRIL 26TH - mAY 2ND

15,306 total showings

-7.0% Week Over Week

4,123 active units

2.6% Week Over Week

1,043 closed units

35.5% Week Over Week

0.8 SUPPLY IN MONTHS

0.1% Week Over Week

1,146 pending units

2.5% Week Over Week

7 MEDIAN DOM

0.0% Week Over Week

Active Listings

COMPARABLE MARKET ANALYSIS

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ACTIVE LISTINGS

5650 SOUTH STEELE STREET

Address List Date Orig. List Price Current List Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt % of Orig. List 5260 S University Blvd 3/1/23 $3,188,000 $3,188,000 3/2 1428 2232 2.24 1960 63 100% 3701 Garden Ave 3/23/23 $4,300,000 $4,150,000 5/6 4322 960 2.39 1993 41 97% Average $3,744,000 $3,669,000 2875 1596 2.32 52 99% LAND Address List Date Orig. List Price Current List Price Lot Size Days On Mkt % of Orig. List 2711 E Willamette Ln 3/1/23 $6,832,000 $6,832,000 4.88 65 100% Average $6,832,000 $6,832,000 4.88 65 100%

Pending Listings

COMPARABLE MARKET ANALYSIS

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PENDING LISTINGS

5650 SOUTH STEELE STREET

Address List Date Orig. List Price Current List Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt 2455 E Long Ln 7/12/22 $4,125,000 $3,250,000 6/7 5696 571 2.3 1984 247 2860 E Willamette Ln 4/20/23 $4,850,000 $4,850,000 8/9 7971 608 3.25 2002 2 Average $4,487,500 $4,050,000 6834 590 2.78 125

Sold Listings

COMPARABLE MARKET ANALYSIS

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SOLDS

5650 SOUTH STEELE STREET

Address List Date Orig. List Price Date Sold Sales Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt % of Orig. List 2590 E Long Ln 4/25/22 $3,100,000 5/23/22 $3,600,000 7/7 5796 621 1.2 1980 7 116% 2805 E Long Ct 3/10/23 $4,750,000 3/10/23 $4,750,000 5/6 7265 654 2.35 1995 0 100% 5320 S Colorado Blvd 6/23/21 $5,700,000 4/29/22 $5,200,000 6/9 5515 943 2.5 2008 203 91% 2501 E Willamette Ln 11/29/21 $5,950,000 5/25/22 $5,950,000 5/9 6962 855 2.51 2001 94 100% 2695 E Long Ln 5/17/22 $5,500,000 7/15/22 $5,998,000 5/7 5646 1062 1.97 2012 7 109% Average $5,000,000 $5,099,600 6237 827 2.11 62 103%
Address List Date Orig. List Price Date Sold Sales Price Lot Size Days On Mkt % of Orig. List 3451 E Willamette Ln 3/17/23 $1,600,000 4/17/23 $1,600,000 2.46 0 100% 2800 E Willamette Ln 1/31/22 $2,200,000 5/25/22 $2,075,000 2.51 30 94% 3500 E Willamette Ln 6/6/22 $5,750,000 12/23/22 $2,275,000 4.88 168 40% 2870 E Willamette Ln* 5/12/22 $3,750,000 12/23/22 $2,276,750 3.97 184 61% 5665 S Colorado Blvd* 10/26/21 $2,400,000 12/2/21 $2,700,000 2.3 7 113% Garden Ave 3/15/22 $3,500,000 4/20/22 $7,575,000 2.5 3 216% Average $3,200,000 $3,083,625 3.1 65 104%
LAND
*My Buyer
MARKETING STRATEGY 16

TOURS, SHOWINGS

Kentwood offices tour the property.

Your property will also be toured by Luxury Home Tour Colorado , an exclusive group of local brokers who showcase luxury listings.

Showings will be scheduled and recorded, and you will receive frequent communication including feedback and market updates.

CONTRACT NEGOTIATIONS, CLOSING

Gina and Kara will present you with all Offers, advise you on price and terms, and expertly negotiate on your behalf.

Once the property is pending, you will be continually updated with Contract deadlines and requirements, in order to progress towards a successful Closing.

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Selling with Gina and Kara

Broker bio’s and processes

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Gina has a proven track record and consistently ranks in the top 5 agents in Metro Denver and has been the number one agent at Kentwood Real Estate for the last 10 years, with over $1 billion in sales over the last two decades.

Gina has represented some of Denver’s most discriminating buyers and sellers and has sold some of the finest properties in the Metro area. She is results oriented with a high level of service, a persistent work ethic and a relentless commitment to her clients. She has an intimate knowledge of the real estate market and negotiates on behalf of her client’s and their best interests.

honored
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as number one
As Counselor, Advisor, Negotiator, and Savvy Real Estate Broker, Gina will ensure that your buying or selling process is smooth sailing from start to finish. GINA LORENZEN gina@kentwood.com 303.570.2042 21

Kara offers exceptional service for a wide range of properties, with over a decade of experience in both Denver and Chicago. Before her family moved back to Denver last year, Kara was recognized as one of Chicago’s Fastest Growing Agents of 2022 with over $10 million in sales production.

As a Denver native, Kara comes from a successful, multi-vertical real estate family and holds an in-depth knowledge of the Denver market. Kara prides herself on her honesty, loyalty and confidentiality, which sets her relationships with her clients above all else.

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dedicated and knowledgable
With a Calm Demeanor and Rational Approach, Kara ensures her clients feel supported throughout the transaction and beyond. kara couzens kara kcouzens@kentwood.com 303.518.4258 23
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