at Keller Williams Integrity
The Ba
ic G o p'
Ma ke
Single-Family Homes
Repo
www.TheBarticGroup.com
A
This week the median list price for Aurora, CO is $600,000 with the market action index hovering around 74. This is less than last month's market action index of 85. Inventory has increased to 580.
Ma ke
Real-Time Ma ke
Ac ion Inde
This answers How s the Market? by comparing rate of sales versus inventory. 50
40
Buyer's Market
60
20
80 100
10 0
on
S
90
M
ay Tod th
Las t
74 S
Seller's Market
70
30
' Ma
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we re in the Seller s one. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer s one, watch for downward pressure on prices.
Ma ke
a, CO P ofile
Median List Price
$600,000
Median Price of New Listings
$562,500
Per Square Foot
$224
Average Days on Market
29
Median Days on Market
21
Price Decreased
51%
Price Increased
2%
Relisted
3%
Inventory
580
Median Rent
$2,750
Market Action
74
S
S
' Ma
Segmen
Each segment below represents approximately 25% of the market ordered by price. M da P c
S .F.
L
$849,950
4,329
$664,000
S
B d
Ba
A
N
Ab
8,000 - 10,000 sqft
4
4
10
24
11
21
3,134
6,500 - 8,000 sqft
4
3
16
25
14
21
$565,000
2,382
6,500 - 8,000 sqft
3
3
25
35
16
21
$485,000
1,710
6,500 - 8,000 sqft
3
2
47
54
23
14
Wed Jul 20 2022
b d
DOM
2 of 6
The Ba
ic G o p'
Ma ke
Single-Family Homes
Repo
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Median Li
A
a, CO
P ice
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels. $700K
$650K
$600K
$550K
$500K
$450K
$400K Jul 2019
Dec 2019
Apr 2020
Aug 2020
7-Da A
Dec 2020
a
Apr 2021
90-Da A
Aug 2021
Dec 2021
Apr 2022
a
Segmen
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 Jul 2019
Dec 2019
T
Apr 2020
90-Da
Aug 2020
U
Dec 2020
90-Da
Apr 2021
L
90-Da
Wed Jul 20 2022
Aug 2021
B
Dec 2021
Apr 2022
90-Da
3 of 6
The Ba
ic G o p'
Ma ke
Single-Family Homes
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P ice Pe
S
A
a, CO
a e Foo
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 Jul 2019
Dec 2019
Apr 2020
Aug 2020
7-Da A
Dec 2020
a
Apr 2021
90-Da A
Aug 2021
Dec 2021
Apr 2022
a
In en o
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 Jul 2019
Dec 2019
Apr 2020
Aug 2020
Dec 2020
7-Da A
a
Apr 2021
90-Da A
Wed Jul 20 2022
Aug 2021
Dec 2021
Apr 2022
a
4 of 6
The Ba
ic G o p'
Ma ke
Single-Family Homes
Repo
www.TheBarticGroup.com
Ma ke
A
a, CO
Ac ion Inde
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we re in the Seller s one. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer s one, watch for downward pressure on prices. 120
100
80
60
40
20 Jul 2019
Ma ke
Dec 2019
Apr 2020
Aug 2020
Dec 2020
7-Da A
a
Apr 2021
90-Da A
Aug 2021
Dec 2021
Apr 2022
a
Ac ion Segmen
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 Jul 2019
Dec 2019
T
Apr 2020
Aug 2020
90-Da
U
Dec 2020
90-Da
Apr 2021
L
90-Da
Wed Jul 20 2022
Aug 2021
B
Dec 2021
Apr 2022
90-Da
5 of 6
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Ma ke
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Median Da
A
on Ma ke
a, CO
(DOM)
The properties have been on the market for an average of 21 days. Half of the listings have come newly on the market in the past 10 or so days. Watch the 90-day DOM trend for signals of a changing market. 60
50
40
30
20
10
0 Jul 2019
Dec 2019
Apr 2020
Aug 2020
Dec 2020
7-Da A
a
Apr 2021
90-Da A
Aug 2021
Dec 2021
Apr 2022
a
Segmen
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 Jul 2019
Dec 2019
T
Apr 2020
Aug 2020
90-Da
U
Dec 2020
90-Da
Apr 2021
L
90-Da
Wed Jul 20 2022
Aug 2021
B
Dec 2021
Apr 2022
90-Da
6 of 6
Ma
1897 S O a he S ee , A
1
1585 S N
3
f
fP
a, CO 80017 L Id: 7154014 Sa : Ac i e 06/23/22 P ce: $460,000 S b e: SFR T S F: 1,168 Bd/B : 3/2 S #:
S ee , A a, CO L Id: Sa : P ce: S b e: T S F: Bd/B : S #:
80017 1732132 C ed 06/28/22 $415,000 SFR 952 3/1 3035737469
e
L ca i
1988 S O
2
1795 S Me
4
a S ee , A
a, CO 80013 L Id: 2135262 Sa : C ed 06/24/22 P ce: $440,000 S b e: SFR T S F: 969 Bd/B : 3/1 S #: 888-808-0331
hi S ee , A a, CO 80017 L Id: 4999685 Sa : C ed 01/24/22 P ce: $383,500 S b e: SFR T S F: 952 Bd/B : 2/1 S #: 303-573-7469
B oke 1 Page 1897 S Ola he S ee , A
o a, CO 80017 (S a
: Ac i e, Li
ing ID: 7154014)
Co n : A apahoe Li Price: $460,000 Proper T pe: Re iden ial Original Li Price: $470,000 Proper S b pe: Single Famil Re idence Le el : T i-Le el Ba emen : No S r c re T pe: Ho e Year B il : 1978 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 06/23/2022 Da In MLS: 27 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,413 Ta Year: 2021 Ta Legal De c: LOT 12 BLK 4 STONE RIDGE PARK SUB 2ND FLG In e io A ea & SqF B ilding Area To al (SqF To al): 1,168 Li ing Area (SqF Fini hed): 1,168 Abo e Grade Fini hed Area: 1,168 PSF To al: $394 PSF Fini hed: $394 PSF Abo e Grade: $394 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Slab Fireplace: Hea ing: Ba eboa d, Elec ic Cooling: E apo a i e Cooling HVAC De crip ion: In erior Fea re : Ceiling Fan( ), Ki chen I land Appliance : Di h a he , Di po al, D e , Mic o a e, O en, Ref ige a o , Wa he Flooring: Ca pe , Lamina e, Tile F rni hed: Unf ni hed E cl ion : All T ' , all TV Mo n , Sec i Came a , Selle pe onal P ope Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 2 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 1 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.16 Ac e / 6,970 SqF Wa erfron Fea : Lo Fea re : Co ne Lo Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Con r c ion Ma erial : F ame, Wood Siding Roof: Compo i ion E erior Fea re : P i a e Ya d Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k Don mi o on hi lo el 3 bedroom, 2 ba hroom home in he S one Ridge Park comm ni ! The brillian na ral ligh in hi home i re o ca ch o r e e. The li ing room ha plen of pace o en er ain g e or crea e o r ideal anc ar . Prepare meal in he ki chen hich fea re ainle eel appliance , mo eable ki chen i land i h pace o add addi ional orage and plen of room ... Confiden ial Info ma ion Pri a e Remark : Plea e ear boo ie or ake off hoe . Plea e lea e he proper a -i , no need o rn off ligh . If o or an b er i ick or ha ing co id mp om plea e do no en er he home. B er and B er' Agen o erif all MLS informa ion, q are foo age mea remen , a e , and chool informa ion. B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.8% Con rac Earne Check To: Fi Ame ican Ti le Po e ion: Clo e Pl 30 o 60 Da , Clo ing/DOD Con rac Min Earne : $4,500 Li ing Term : Ca h, Con en ional, FHA, J mbo, VA Loan Ti le Compan : Fi Ame ican Ti le Compan - Ale V ko ic O ner hip: Indi id al Sho ing Info ma ion Sho ing Con ac Phone:
Sho
Email: ho ing @ ho ing ime.com Li
Li Li
Agen : Ka hleen Male Office: We and Main Home Inc
Email:
ka hleenmale@ e
No Sho ing Un il: 06/23/22
Agen Phone: 720-258-5151 Mobile: 720-258-5151
andmainhome .com
No in ended for p blic
e. All da a deemed reliable b REcolorado 2022.
no g aran eed.
Genera ed on: 07/20/2022 2:41:40 PM
F ll P
1897 S Olathe Street, Aurora, CO 80017
e ----
Vie
$460,000 - Acti e
1988 S O
a S ee , A
o a, CO 80013 (S a
: Clo ed, Li
ing ID: 2135262)
Clo e Price: $440,000 Co n : A apahoe Li Price: $389,900 Proper T pe: Re iden ial Original Li Price: $389,900 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1975 S bdi i ion Name: King bo o gh Li ing Con rac Da e: 05/27/2022 P rcha e Con rac Da e: 05/31/2022 Con ingenc : None Kno n Clo e Da e (DIM): 06/24/2022 Da In MLS: 4 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,271 Ta Year: 2021 Ta Legal De c: LOT 49 BLK 10 KINGSBOROUGH 4TH FLG In e io A ea & SqF B ilding Area To al (SqF To al): 969 Li ing Area (SqF Fini hed): 969 Abo e Grade Fini hed Area: 969 PSF To al: $454 PSF Fini hed: $454 PSF Abo e Grade: $454 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Slab Fireplace: 1/Ga Hea ing: Fo ced Ai Cooling: Cen al Ai HVAC De crip ion: In erior Fea re : Lamina e Co n e , No S ai , Smoke F ee Appliance : D e , Ga Wa e Hea e , Range, Ref ige a o , Wa he Flooring: Lamina e, Wood E cl ion : ec i em and ga age f ee e . Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.18 Ac e / 7,841 SqF Wa erfron Fea : Lo Fea re : C l-De-Sac Elemen ar School: Yale / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Range ie / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: T adi ional Direc ion Face : We Vie : Con r c ion Ma erial : B ick, F ame Roof: Compo i ion E erior Fea re : Ga G ill Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k Thi impeccabl main ained 3 bedroom 1 ba hroom ranch ha been i h he ame o ner from he beginning! Wi h cherr lamina e ood floor , ne pain , pda ed ba hroom and he pri a e back ard, hi co ld be he perfec ar er home! Nice and co , i ha been ell lo ed and cared for. The roof, H20 hea er and ome of he appliance are 10 ear or le ! The e er line i brand ne and he home... Confiden ial Info ma ion Pri a e Remark : Seller ill need a 60 da POC o find a replacemen home. no o erlapping ho ing - ho ing ar Ma 28 h and go hr Ma 30 h from 9am n il 5pm each da . Offer are o be bmi ed b Monda e ening a 8pm i h an accep ance of T e da a 2PM. Plea e lock all door and lea e a card. The a ic fan ha e been remo ed b o co ld ea il in all ne one . Cen ral AC i incl ded. BE SURE T B er Agenc Comp: 2.8% D al Variable: Ye S bmi ed Pro p: Ye Tran ac ion Broker Comp: 2.8% Li Li Li
Agen : K i i B ingle Office: RE/MAX P ofe
Email: B B
k i
ional
i.b ingle@gmail.com
er Agen : Michael Jan er er Office: 8 Real E a e
Email:
michael.jan e @8 .com
Conce ion : No B er Financing: FHA No in ended for p blic
B
Agen Phone: 303-972-9999 Mobile: 720-530-1045 e Agen Phone: 719-650-6107 Mobile: 719-650-6107
Clo e Informa ion
e. All da a deemed reliable b REcolorado 2022.
no g aran eed.
Genera ed on: 07/20/2022 2:41:40 PM
1988 S Oura Street, Aurora, CO 80013
----
$440,000 - Closed
1585 S No folk S ee , A
o a, CO 80017 (S a
: Clo ed, Li
ing ID: 1732132)
Clo e Price: $415,000 Co n : A apahoe Li Price: $400,000 Proper T pe: Re iden ial Original Li Price: $400,000 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1980 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 06/02/2022 P rcha e Con rac Da e: 06/05/2022 Con ingenc : None Kno n Clo e Da e (DIM): 06/28/2022 Da In MLS: 3 A ocia ion: N M l iple: Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,188 Ta Year: 2021 Ta Legal De c: LOT 13 BLK 5 STONE RIDGE PARK SUB 4TH FLG In e io A ea & SqF B ilding Area To al (SqF To al): 952 Li ing Area (SqF Fini hed): 952 Abo e Grade Fini hed Area: 952 PSF To al: $436 PSF Fini hed: $436 PSF Abo e Grade: $436 Fo nda ion: Conc e e Pe ime e Fireplace: Hea ing: Fo ced Ai Cooling: E apo a i e Cooling HVAC De crip ion: In erior Fea re : Ceiling Fan( ), Ea -in Ki chen, Lamina e Co n e , Smoke F ee Appliance : Di h a he , Di po al, Mic o a e, Range, Ref ige a o , Self Cleaning O en Flooring: Ca pe F rni hed: Unf ni hed E cl ion : Onl he elle pe onal p ope . Bed & Ba h S mma Bedroom To al: 3 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 2 Garage Space : 2 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.20 Ac e / 8,625 SqF Wa erfron Fea : Lo Fea re : Le el, Nea P blic T an i Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: T adi ional Direc ion Face : Ea Vie : Mo n ain( ) Con r c ion Ma erial : B ick, Wood Siding Roof: Compo i ion E erior Fea re : Wa er Incl ded: No Wa er So rce: P blic Se er: P blic Se e P blic Rema k Reall nice ar er home ! The home ha been pda ed i h ne pain in ide & o , a ne roof in 2020 incl ding ne g er . Ne carpe ing ne indo blind . Nice ki chen appliance , incl ding a ne o e. The ba hroom/la ndr ha al o been pda ed and i large. The ard i h ge and here are bea if l ie of he mo n ain . The home i acan for he po ibili of a q ick clo ing. A onderf l... Confiden ial Info ma ion Pri a e Remark : Thi ranch le home i read o go! Don' mi he chance o ho o r clien a perfec ar er home. THERE ARE SEVERAL OFFERS ON THE PROPERTY NOW (SUNDAY) ALL NEW OFFERS MUST BE SUBMITTED NO LATER THAN 4PM TODAY! THE SELLER WILL REVIEW AL;L OFFERS AND MAKE A DECISSION NO LATER THAN 1PM MONDAY JUNE 6TH. THANK YOU. B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.8% Li Li Li
Agen : Ca e Ah oon Office: MB ANDY AHROON & CO.
Email:
jcah oon@aol.com
B er Agen : Mig el Herrera B er Office: Yo 1 Real Email: MigSell Den e @gmail.com Conce ion : No B er Financing: FHA No in ended for p blic
B
Agen Phone: 303-779-7979 Mobile: 303-877-0824 e Agen Phone: 720-240-8924 Mobile: 720-240-8924
Clo e Informa ion
e. All da a deemed reliable b REcolorado 2022.
no g aran eed.
Genera ed on: 07/20/2022 2:41:40 PM
1585 S Norfolk Street, Aurora, CO 80017
L
P
a
Bed
Bed
Ba
2
$415,000 - Closed
----
gR
/a
S ac
Ea
d
bac
Bed
a d
g S ace
3
1795 S Memphi S ee Lo 32, A
o a, CO 80017 (S a
: Clo ed, Li
ing ID: 4999685)
Clo e Price: $383,500 Co n : A apahoe Li Price: $349,900 Proper T pe: Re iden ial Original Li Price: $380,000 Proper S b pe: Single Famil Re idence Le el : One Ba emen : No S r c re T pe: Ho e Year B il : 1979 S bdi i ion Name: S one Ridge Pa k Li ing Con rac Da e: 12/10/2021 P rcha e Con rac Da e: 12/23/2021 Con ingenc : None Kno n Clo e Da e (DIM): 01/24/2022 Da In MLS: 12 A ocia ion: N M l iple: N Co /Re : N A oc Fee To Annl: $0.00 Ta Ann al Am : $2,023 Ta Year: 2020 Ta Legal De c: Lo 32 Blk 4 S one Ridge Pa k S b 3 d FLG In e io A ea & SqF B ilding Area To al (SqF To al): 952 Li ing Area (SqF Fini hed): 952 Abo e Grade Fini hed Area: 952 PSF To al: $403 PSF Fini hed: $403 PSF Abo e Grade: $403 Ba emen : C a l Space B mn Ceiling H : Fo nda ion: Rai ed Fireplace: Hea ing: Fo ced Ai Cooling: Cen al Ai HVAC De crip ion: Cen al Hea and Ai In erior Fea re : Ea -in Ki chen, Je Ac ion T b, Lamina e Co n e , No S ai Appliance : D e , Ga Wa e Hea e , Range, Ref ige a o , Wa he Flooring: Pa q e F rni hed: Unf ni hed E cl ion : No E cl ion Bed & Ba h S mma Bedroom To al: 2 Ba hroom To al: 1 Ba h F ll: 1 Ba h Three Q ar er: 0 Ba h Half: 0 Ba h One Q ar er: 0 Pa king Parking To al: 1 Garage Space : 1 Off ree Space : 0 Si e & Loca ion Info ma ion Lo Si e: 0.16 Ac e / 6,926 SqF Wa erfron Fea : Lo Fea re : Co ne Lo Hor e: No Ski Fea re : Elemen ar School: Io a / Adam -A apahoe 28J Bldg/Comple Name: Middle/J nior Sch: M achek / Adam -A apahoe 28J High School: Ga e a / Adam -A apahoe 28J B ilding & Wa e Info ma ion Archi ec ral S le: B ngalo En r Le el/Loc: Common Wall : No Common Wall Direc ion Face : So hea Vie : Con r c ion Ma erial : Wood Siding Roof: Compo i ion E erior Fea re : P i a e Ya d Wa er Incl ded: Ye Wa er So rce: P blic Se er: P blic Se e P blic Rema k C e RANCH i h blonde parq e flooring and Plan a ion Sh er . Open floor plan i h a pon all o Ki chen/Dining area. Ba h ha been ref rbi hed i h je ed b and ne er fi re . Recen l replaced 50 gallon a er hea er. Roof i appro ima el 7 ear old. Make hi b ngalo o ro n ih o r per onal o che . Back on he marke , b er did no q alif . Confiden ial Info ma ion Pri a e Remark : Second bedroom a originall 2 bedroom , There are o clo e in ha econd bedroom. The a her and dr er are pre en l in hi bedroom. Seller a ha here are al o a her/dr er connec ion in he ki chen, b he are no i ible (behind hee rock) Recen pda e /replacemen in 2016: All ki chen appliance Cen ral hea and Air Remodeled ba h o incl de je ed b 50 gallon HWH B er Agenc Comp: 2.8% D al Variable: No S bmi ed Pro p: No Tran ac ion Broker Comp: 2.5% Li Li Li
Agen : Pa le e Fie le Office: Re iden Real No h Me o LLC
Email: B B
pa le ef511@gmail.com
B
er Agen : Jane a Por er er Office: Compa - Den er
Email:
jane
a@ edocg o p.com
Conce ion : B e Clo ing Co B er Financing: FHA
/Selle Poin
Paid, $6,500
No in ended for p blic
Agen Phone: 303-552-6994 Mobile: 303-552-6994 e Agen Phone: 720-301-6402 Mobile: 720-301-6402
Clo e Informa ion
e. All da a deemed reliable b REcolorado 2022.
no g aran eed.
Genera ed on: 07/20/2022 2:41:40 PM
1795 S Memphis Street, Aurora, CO 80017
----
$383,500 - Closed
Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 07/20/2022 to 01/21/2022 Mls Status is 'Expired' Status Contractual Search Date is 07/20/2022 to 01/21/2022 Latitude, Longitude is within 0.25 mi of 1626 S Mobile St, Aurora, CO 80017, USA, is around 39.68, -104.80
Originating System Name is one of
'REcolorado', 'ROCC', 'SSBR', 'IRES*' 34 Properties have been discarded.
Residential Active Properties Listing ID Address
City
7154014 1897 S Olathe ST
Aurora
Bds
3
Count: 1
Bths
Abv
Ttl
Fin
List
PSF Abv
PSF Ttl
2
1,168
1,168
1,168
06/23/22
$394
$394
$394
Averages:
1,168
1,168
1,168
$394
$394
$394
High $460,000
List Price:
Low $460,000
PSF Fin DIM Orig Price
27 27
List Price
470,000
$460,000
$470,000
$460,000
Median $460,000
Closed Properties Bds
Bths
Abv
Ttl
Fin
Close
PSF Abv
PSF Ttl
Aurora
2
1
952
952
952
01/24/22
$403
$403
$403
12
Aurora
3
1
952
952
952
06/28/22
$436
$436
$436
3
Aurora
3
1
969
969
969
06/24/22
$454
$454
$454
Averages:
958
958
958
$431
$431
$431
4 6
Listing ID Address
City
4999685 1795 S Memphis ST 1732132 1585 S Norfolk ST 2135262 1988 S Ouray ST
Count: 3
Closed Price:
Report Totals
Presented By: Carlos Ventura Generated on: 07/20/2022
Count : 4
Averages:
High $440,000
SqFt Abv 1,010
SqFt Ttl 1,010
Low $383,500 Sqft Fin 1,010
PSF Abv $ 422
PSF Fin DIM Orig Price
List Price Close Price
CP/OLP
380,000
$349,900 $383,500
101%
400,000
$400,000 $415,000
104%
389,900
$389,900 $440,000
113%
$389,967
$379,933 $412,833
106%
Orig Price $409,975
List Price Close Price $399,950 $412,833
CP/OLP 106 %
Median $415,000 PSF Ttl
$422
All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
PSF Fin $422
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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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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