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Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Aurora, CO
This week the median list price for Aurora, CO is $622,900 with the market action index hovering around 100. This is about the same as last month's market action index of 100. Inventory has increased to 151.
Real-Time Market Profile Median List Price
$622,900
Market Action Index
Median Price of New Listings
$565,500
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$244
Average Days on Market
18
Median Days on Market
0
Price Decreased
17%
Price Increased
9%
Relisted
0%
Inventory
151
Median Rent
$2,695
Market Action
100
inventory. 50
40
Buyer's Market
60
20
80
10
on
100
100
90
ay Tod th
Las t
M
0
Seller's Market
70
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
$860,000
4,044
6,500 - 8,000 sqft
4
4
8
6
9
14
$689,160
3,188
6,500 - 8,000 sqft
3
4
16
23
20
0
$561,500
2,020
6,500 - 8,000 sqft
4
3
31
26
30
0
$459,950
1,433
6,500 - 8,000 sqft
3
2
48
27
28
0
Fri Apr 15 2022
2 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Aurora, CO
Median List Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. $700K
$650K
$600K
$550K
$500K
$450K
$400K Apr 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 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. $1.0M
$800K
$600K
$400K
$200K Apr 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Fri Apr 15 2022
May 2021
Sep 2021
Jan 2022
Bottom 90-Day
3 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Aurora, CO
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. $275
$250
$225
$200
$175
$150
$125 Apr 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 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. 800
600
400
200
0 Apr 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 2022
90-Day Average
Fri Apr 15 2022
4 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Aurora, 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 Apr 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 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 Apr 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Fri Apr 15 2022
May 2021
Sep 2021
Jan 2022
Bottom 90-Day
5 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Aurora, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 30 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. 60
50
40
30
20
10
0 Apr 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
7-Day Average
Jan 2021
May 2021
Sep 2021
Jan 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. 100
80
60
40
20
0 Apr 2019
Sep 2019
Jan 2020
Top 90-Day
May 2020
Sep 2020
Upper 90-Day
Jan 2021
Lower 90-Day
Fri Apr 15 2022
May 2021
Sep 2021
Jan 2022
Bottom 90-Day
6 of 6
Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 04/15/2022 to 10/17/2021 Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no Latitude, Longitude is within 0.25 mi of 15907 E Flora Pl, Aurora, CO 80013, USA, is around 39.66, -104.80 8 Properties have been discarded.
Residential Active Properties Listing ID Address
City
9030885 3121 S Kalispell ST
Aurora
Bds
4
Count: 1
Bths
Abv
Ttl
Fin
List
PSF Abv
PSF Ttl
4
1,452
2,904
2,686
04/14/22
$396
$198
$214
Averages:
1,452
2,904
2,686
$396
$198
$214
High $575,000
List Price:
Low $575,000
PSF Fin DIM Orig Price
1 1
List Price
575,000
$575,000
$575,000
$575,000
Median $575,000
Closed Properties Bds
Bths
Abv
Ttl
Fin
Close
PSF Abv
PSF Ttl
Aurora
3
3
1,702
1,702
1,702
12/27/21
$276
$276
$276
5
Aurora
4
2
1,543
1,543
1,543
12/28/21
$308
$308
$308
4
3926781 3061 S Joplin CT
Aurora
5
3
2,112
2,112
2,112
11/01/21
$239
$239
$239
8730479 15707 E Floyd AVE
Aurora
3
3
1,702
1,702
1,702
04/11/22
$308
$308
$308
4684360 15908 E Flora PL
Aurora
3
2
1,907
2,040
2,040
01/05/22
$275
$257
$257
4232629 3183 S Helena ST
Aurora
3
2
816
1,632
1,600
03/25/22
$651
$325
$332
Averages:
1,630
1,789
1,783
$343
$286
$287
Listing ID Address
City
1883585 15716 E Flora PL 6204828 15744 E Eldorado PL
Count: 6
Closed Price:
Report Totals
Presented By: Kyle Gephart Generated on: 04/15/2022
Count : 7
Averages:
High $531,000
SqFt Abv 1,605
SqFt Ttl 1,948
Low $470,000 Sqft Fin 1,912
PSF Abv $ 351
PSF Fin DIM Orig Price
List Price Close Price
CP/OLP
465,000
$465,000 $470,000
101%
424,900
$424,900 $475,000
112%
3
500,000
$500,000 $505,000
101%
6
459,900
$459,900 $525,000
114%
3
510,000
$510,000 $525,000
103%
5 4
489,000
$489,000 $531,000
109%
$474,800
$474,800 $505,167
107%
Orig Price $489,114
List Price Close Price $489,114 $505,167
CP/OLP 107 %
Median $515,000 PSF Ttl
$273
All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
PSF Fin $276
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
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2
3
4
5
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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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