Alan-Smith-Grant Ranch - June 2022

GRANT RANCH

RE/MAX PROFESSIONALS 8500 West Bowles Avenue, #100 Littleton, CO 80123 Each Office Independently Owned and Operated.

The Alan Smith Team REALTOR®, CRS, GRI, CDPE, CLHMS

SPRING 2022 REAL ESTATE MARKET REPORT

Direct: 303.932.3306 Cell: 303.503.2526 Alan@AlanJSmith.com www.GrantRanchLifestyle.com TheAlanSmithTeam.com Connect with us on:

www.GrantRanchLifestyle.com

Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022

THE REAL ESTATE MARKET BY THE NUMBERS Understanding Real Estate Statistics Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.

HOME VALUES AND MARKET TRENDS

MARKET SPEED

Average Sold Price is the average (mean) sold

Average Days on Market (DOM) is calculated

price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.

by averaging the time-on-market for all sold homes within a specific boundary and timeframe.

This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.

MONITORING THE CURRENT OFFERINGS

BUYER DEMAND AND VALUE DIRECTION

The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.

Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.

The Alan Smith Team Moving Van!

PRESENTED BY

THE ALAN SMITH TEAM Valued Grant Ranch Homeowner,

If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call us today for a free consultation.

PREPARED ESPECIALLY FOR

VALUED GRANT RANCH HOMEOWNER

Dear Valued Grant Ranch Homeowner, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by The Alan Smith Team, your Grant Ranch real estate specialists. You will not be contacted with any other solicitation.

The Alan Smith Team REALTOR®, CRS, GRI, CDPE, CLHMS

Direct: 303.932.3306 Cell: 303.503.2526 Alan@AlanJSmith.com www.GrantRanchLifestyle.com TheAlanSmithTeam.com

VISIT WWW.GRANTRANCHLIFESTYLE.COM

Connect with us on:

TRUST ALAN’S EXPERIENCE! ADDING VALUE TO GRANT RANCH SINCE 1998!

C URRE NT G R ANT R ANCH ACT I V I T Y

Active

Pending

If you want to know what your home would sell for in today’s market, contact us today at 303.932.3306.

Sold

GRANT RANCH

REAL ESTATE MARKET REPORT

GRANT RANCH HOMES CURRENTLY LISTED Status

Address

Bedrooms

Bathrooms

Est. Sq. Ft.*

List Price

Active

6054 W Prentice Avenue

3

3

1,500

$750,000

Active

6700 W Dorado Drive #45

3

3

1,900

$895,000

Active

6790 W Crestline Avenue

5

6

4,400

$1,795,000

There are 11 homes currently pending.

For more information on available homes, contact us today at 303.932.3306.

GRANT RANCH HOMES SOLD RECENTLY

© 2022 Google

GRANT RANCH AT A GLANCE

12

Homes Recently Sold

$1,146,667 Average Active List Price

$1,002,908 Average Sold Price

9

Average Days On Market (Solds)

This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data.

Status

Address

Bedrooms

Bathrooms

Est. Sq. Ft.

List Price

Sold Price

Sold Date

Sold

5407 W Prentice Circle

5

5

3,427

$1,300,000

$1,297,000

05/13/22

Sold

5350 S Jay Circle #4F

2

2

1,529

$530,000

$525,000

05/06/22

Sold

5520 S Otis Street

3

3

2,310

$799,000

$860,000

05/06/22

Sold

7155 W Belmont Drive

3

3

2,205

$1,500,000

$1,502,900

05/04/22

Sold

6700 W Dorado Drive #24

4

3

2,023

$1,022,000

$1,022,000

05/03/22

Sold

7051 W Arlington Drive

2

2

1,976

$725,000

$760,000

04/28/22

Sold

6077 W Progress Avenue

4

3

1,509

$749,900

$830,000

04/22/22

Sold

5871 S Sheridan Boulevard

4

4

3,960

$1,950,000

$2,100,000

04/19/22

Sold

6900 W Grant Ranch Boulevard #8

3

3

2,215

$725,000

$750,000

04/12/22

Sold

5951 W Berry Avenue

4

4

1,664

$700,000

$700,000

04/08/22

Sold

5924 W Ida Drive

4

4

2,172

$774,900

$875,000

04/08/22

Sold

6270 W Berry Avenue

4

3

2,173

$750,000

$813,000

04/07/22

Alan Smith, The Alan Smith Team, and RE/MAX Professionals are not in any way affiliated with Grant Ranch Home Owners Association, nor is this in any way an official advertisement or publication of Grant Ranch. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado between April 7th and May 17th, 2022. Listings and sales may not be those of RE/MAX Professionals. The REColorado does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.