4118 Xavier Street, Comparative Market Analysis

Page 1

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Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 04/01/2022 to 10/03/2021 Property Sub Type is 'Single Family Residence' Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no Latitude, Longitude is within 0.25 mi of 4118 Xavier St, Denver, CO 80212, USA, is around 39.77, -105.04 22 Properties have been discarded.

Residential Closed Properties Listing ID Address

City

Bds

Bths

Abv

Ttl

Fin

Close

PSF Abv

PSF Ttl

9082077 3807 Utica ST

Denver

2

1

680

680

680

02/25/22

$775

$775

$775

6990280 4178 Winona CT

Denver

1

1

822

982

822

10/07/21

$663

$555

$663

4785494 3850 Utica ST

Denver

2

1

990

1,326

990

10/20/21

$591

$441

$591

1927049 4165 Zenobia ST

Denver

2

1

755

755

755

03/25/22

$781

$781

8915567 3847 Xavier ST

Denver

3

1

1,027

1,027

1,027

10/29/21

$594

$594

4845191 3916 Xavier ST

Denver

3

1

796

1,322

929

11/15/21

$785

$473

$673

Averages:

845

1,015

867

$698

$603

$680

Count: 6

Closed Price:

Report Totals

Presented By: Frances Sullivan Generated on: 04/01/2022

Count : 6

Averages:

High $625,000

SqFt Abv 845

SqFt Ttl 1,015

Low $527,000 Sqft Fin 867

PSF Abv $ 698

PSF Fin DIM Orig Price

List Price Close Price

CP/OLP

5

474,900

$474,900 $527,000

111%

5

529,000

$529,000 $545,000

103%

4

595,000

$595,000 $585,000

98%

$781

2

450,000

$450,000 $590,000

131%

$594

4

595,000

$595,000 $610,000

103%

2 4

575,000

$575,000 $625,000

109%

$536,483

$536,483 $580,333

109%

Orig Price $536,483

List Price Close Price $536,483 $580,333

CP/OLP 109 %

Median $587,500 PSF Ttl

$603

All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com

PSF Fin $680

CMA 1-Line Page 1 of 1


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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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1

2

3

4

5

6

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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