at Keller Williams Integrity
The Bartic Group's Market Report Brighton, CO REPORT FOR 4/1/2022 Single-Family Homes
Presented by Bartic Group 720-208-7200 info@thebarticgroup.com
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Brighton, CO
This week the median list price for Brighton, CO is $704,500 with the market action index hovering around 86. This is less than last month's market action index of 87. Inventory has increased to 80.
Real-Time Market Profile Median List Price
$704,500
Market Action Index
Median Price of New Listings
$634,900
This answers “How’s the Market?” by comparing rate of sales versus
Per Square Foot
$220
Average Days on Market
18
Median Days on Market
7
Price Decreased
10%
Price Increased
8%
Relisted
4%
Inventory
80
Median Rent
$2,695
Market Action
86
inventory. 50
40
Buyer's Market
60
Seller's Market
70
100
10 0
on
86
90
M
ay Tod th
Las t
80
20
30
Strong Seller's Market Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
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
$989,691
4,944
0.25 - 0.5 acre
4
3
2
4
6
14
$757,432
4,167
6,500 - 8,000 sqft
4
3
6
8
10
10
$649,950
2,911
6,500 - 8,000 sqft
4
3
12
9
11
7
$529,950
1,706
4,500 - 6,500 sqft
3
2
18
11
13
3
Fri Apr 01 2022
2 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Brighton, CO
Median List Price
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding. $800K
$700K
$600K
$500K
$400K Apr 2019
Aug 2019
Dec 2019
Apr 2020
Aug 2020
7-Day Average
Dec 2020
Apr 2021
Aug 2021
Dec 2021
Mar 2022
90-Day Average
Segments
Not surprisingly, given the condition of the overall market, all quartiles have shown price strength in recent weeks. All have been increasing in price lately. $1.3M
$1.0M
$750K
$500K
$250K Apr 2019
Aug 2019
Dec 2019
Top 90-Day
Apr 2020
Aug 2020
Upper 90-Day
Dec 2020
Lower 90-Day
Fri Apr 01 2022
Apr 2021
Aug 2021
Dec 2021
Mar 2022
Bottom 90-Day
3 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Brighton, CO
Price Per Square Foot
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same. $250
$225
$200
$175
$150
$125 Apr 2019
Aug 2019
Dec 2019
Apr 2020
Aug 2020
7-Day Average
Dec 2020
Apr 2021
Aug 2021
Dec 2021
Mar 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. 400
300
200
100
0 Apr 2019
Aug 2019
Dec 2019
Apr 2020
Aug 2020
7-Day Average
Dec 2020
Apr 2021
Aug 2021
Dec 2021
Mar 2022
90-Day Average
Fri Apr 01 2022
4 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Brighton, CO
Market Action Index
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone. 120
100
80
60
40
20 Apr 2019
Aug 2019
Dec 2019
Apr 2020
Aug 2020
7-Day Average
Dec 2020
Apr 2021
Aug 2021
Dec 2021
Mar 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
Aug 2019
Dec 2019
Top 90-Day
Apr 2020
Aug 2020
Upper 90-Day
Dec 2020
Lower 90-Day
Fri Apr 01 2022
Apr 2021
Aug 2021
Dec 2021
Mar 2022
Bottom 90-Day
5 of 6
Single-Family Homes
The Bartic Group's Market Report www.TheBarticGroup.com
Brighton, CO
Median Days on Market (DOM)
The properties have been on the market for an average of 41 days. Half of the listings have come newly on the market in the past 18 or so days. Watch the 90-day DOM trend for signals of a changing market. 80
60
40
20
0 Apr 2019
Aug 2019
Dec 2019
Apr 2020
Aug 2020
7-Day Average
Dec 2020
Apr 2021
Aug 2021
Dec 2021
Mar 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
Aug 2019
Dec 2019
Top 90-Day
Apr 2020
Aug 2020
Upper 90-Day
Dec 2020
Lower 90-Day
Fri Apr 01 2022
Apr 2021
Aug 2021
Dec 2021
Mar 2022
Bottom 90-Day
6 of 6
453 Dahlia St, Hudson, CO 80642-2113, Weld County APN: R6350686
CLIP: 2403631300
Beds 2
Baths 1
Sale Price $150,000
Sale Date 06/26/2018
Bldg Sq Ft 914
Lot Sq Ft 6,750
Yr Built 1910
Type SFR
OWNER INFORMATION
Owner Name
Driskell Zachary
Mailing ZIP 4
2113
Mailing Address
453 Dahlia St
Mailing Carrier Route
H062
Mailing City & State
Hudson, CO
Owner Occupied
Yes
Mailing Zip
80642
LOCATION INFORMATION
Property Zip
80642
Census Tract
25.02
Property Zip4
2113
Township
01
Property Carrier Route
H062
Range
65
School District
Weld County S/D Re-3(J)
Section
10
Elementary School
Hudson
Quarter
NE
Middle School
Weld Central
Block
60
High School
Weld Central
Lot
17
Subdivision
Hudson Town
TAX INFORMATION
PIN
R6350686
% Improved
76%
Alternate PIN
147310111006
Tax District
0307
Schedule Number
R6350686
Legal Description
HUD 11116 L17-18 BLK60 & 1/2 VA C ALLEY
ASSESSMENT & TAX
Assessment Year
2021
2020
2019
Market Value - Land
$50,000
$35,000
$35,000
Market Value - Improved
$158,196
$133,568
$133,568
Market Value - Total
$208,196
$168,568
$168,568
Assessed Value - Land
$3,580
$2,500
$2,500
Assessed Value - Improved
$11,310
$9,550
$9,550
Assessed Value - Total
$14,890
$12,050
$12,050
YOY Assessed Change (%)
23.57%
0%
YOY Assessed Change ($)
$2,840
$0
Tax Year
Total Tax
Change ($)
Change (%)
2019
$1,054
2020
$1,021
-$33
-3.17%
2021
$1,308
$287
28.08%
CHARACTERISTICS
Lot Acres
0.155
# Buildings
1
Lot Sq Ft
6,750
Bedrooms
2
Land Use - County
Residential
Baths - Total
1
Land Use - CoreLogic
SFR
Baths - Full
1
Building Type
Single Family
Stories
1
Style
Ranch
Heat Type
Forced Air
Year Built
1910
Roof Material
Composition Shingle
Bldg Sq Ft - Above Ground
914
Construction
Frame
Bldg Sq Ft - Total
914
Exterior
Frame/Vinyl
Bldg Sq Ft - Finished
914
Quality
Poor
FEATURES
Feature Type
Size/Qty
Ranch 1 Story
914
Utility Building
430
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 04/01/22 Page 1/2
Utility Building
430
SELL SCORE
Rating
Low
Sell Score
465
Value As Of
2022-03-27 04:57:41
ESTIMATED VALUE
RealAVM™
$198,200
Confidence Score
63
RealAVM™ Range
$166,488 - $229,912
Forecast Standard Deviation
16
Value As Of
03/29/2022
(1) RealAVM™ is a CoreLogic® derived value and should not be used in lieu of an appraisal. (2) The Confidence Score is a measure of the extent to which sales data, property information, and comparable sales support the property valuation analysis process. The confidence score range is 50 - 100. Clear and consistent quality and quantity of data drive higher confidence scores while lower confidence scores indicate diversity in data, lower quality and quantity of data, and/or limited similarity of the subject property to comparable sales. (3) The FSD denotes confidence in an AVM estimate and uses a consistent scale and meaning to generate a standardized confidence metric. The FSD is a statistic that measures the likely range or dispersion an AVM estimate will fall within, based on the consistency of the information available to the AVM at the time of estimation. The FSD can be used to create confidence that the true value has a statistical degree of certainty.
LAST MARKET SALE & SALES HISTORY
Sale Date
06/26/2018
Deed Type
Personal Representative's Deed
Sale Price
$150,000
Owner Name
Driskell Zachary
Price per SqFt - Finished
$164.11
Seller
Younger Mary A C
Document Number
4410990
Sale Date
06/26/2018
Sale Price
$150,000
$40,000
Buyer
Driskell Zachary
Younger Mary Ann Crabtree
Seller
Younger Mary A C
Document Number
4410990
2401214
Document Type
Personal Representative's Deed
Deed (Reg)
Title Company
Other
MORTGAGE HISTORY
Mortgage Date
11/19/2020
11/25/2019
06/28/2018
Mortgage Amount
$151,000
$149,500
$145,500
Mortgage Lender
Quicken Lns
Quicken Loans Inc
Quicken Lns Inc
Borrower
Driskell Zachary
Driskell Zachary
Driskell Zachary
Mortgage Type
Conventional
Conventional
Conventional
Mortgage Purpose
Refi
Refi
Resale
Mortgage Term
20
27
30
Mortgage Term
Years
Years
Years
Title Company
Other
PROPERTY MAP
*Lot Dimensions are Estimated
Property Details
Courtesy of Clint Moll, REcolorado
The data within this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is not guaranteed. The accuracy of the data contained herein can be independently verified by the recipient of this report with the applicable county or municipality.
Generated on: 04/01/22 Page 2/2
Map of Property Locations
413 Birch Street, Hudson, CO 80642 Listing Id: 2709369 Status: Closed 02/11/22 Price: $155,000 1 Subtype: SFR Ttl SqFt: 900 Bd/Bth: 2/1 Show #: 8007469464 434 Grape Street, Hudson, CO 80642 Listing Id: 6590890 Status: Closed 06/07/21 Price: $282,000 3 Subtype: SFR Ttl SqFt: 880 Bd/Bth: 2/1 Show #: 303-591-8826
442 Birch Street, Hudson, CO 80642 Listing Id: 8169343 Status: Closed 07/16/21 Price: $276,000 Subtype: SFR 2 Ttl SqFt: 702 Bd/Bth: 2/1 Show #: 303-573-7469 235 Elm Street, Hudson, CO 80642 Listing Id: Status: Price: Subtype: 4 Ttl SqFt: Bd/Bth: Show #:
2412689 Closed 07/29/21 $289,000 SFR 1,188 2/1 303-573-7469
457 Ash Street, Hudson, CO 80642 Listing Id: Status: Price: 5 Subtype: Ttl SqFt: Bd/Bth: Show #:
IR935158 Closed 04/30/21 $360,000 SFR 2,445 2/1 303-573-7469
402 Birch Street, Hudson, CO 80642 Listing Id: IR948686 Status: Closed 10/12/21 Price: $385,000 7 Subtype: SFR Ttl SqFt: 2,754 Bd/Bth: 4/2 Show #: 303-573-7469
334 Cedar Street, Hudson, CO 80642 Listing Id: 4851025 Status: Closed 03/14/22 Price: $362,500 Subtype: SFR 6 Ttl SqFt: 1,344 Bd/Bth: 3/2 Show #: 800-746-9464 405 Birch Street, Hudson, CO 80642 Listing Id: 7570261 Status: Closed 07/06/21 Price: $425,000 Subtype: SFR 8 Ttl SqFt: 1,446 Bd/Bth: 3/2 Show #: 303-573-7469
434 Grape Street, Hudson, CO 80642
$282,000 - Closed
----
Listing ID:
6590890
MLS Status: Closed Close Price: $282,000 County: Weld List Price: $285,000 Property Type: Residential Original List Price: $285,000 Property Subtype: Single Family Residence Structure Type: House Basement: No Levels: One Year Built: 1943 Subdivision Name: Hudson Listing Contract Date: 04/12/2021 Spec. Listing Cond: None Known Purchase Contract Date: 04/22/2021 Contingency: None Known Close Date: 06/07/2021 Days in MLS: 10 Association: N Multiple: Cov/Rest: N Assoc Fee Tot Annl: $0.00 Tax Annual Amt: $1,085 Tax Year: 2020 Tax Legal Desc: LOTS 5-6-7-8 BLOCK 58 TOWN OF HUDSON EXC PT LY N & W OF A LN EXT FROM A PT ON N LN L5 80' FROM NW COR L5 TO A PT ON S LN L8 20' FROM SW COR L8 ALSO EXC E 10 OF LOTS 5-6-7-8 BLOCK 58
Interior Area & SqFt Building Area Total (SqFt Total): 880 Living Area (SqFt Finished): 880 Area Source: Above Grade Finished Area: 880 PSF Total: $320 PSF Above Grade: $320 PSF Finished: Foundation: Fireplace: Heating: Forced Air, Natural Gas Cooling: Central Air HVAC Description: Interior Features: Eat-in Kitchen, Open Floorplan, Walk-In Closet(s) Security Features: Carbon Monoxide Detector(s), Smoke Flooring: Carpet, Laminate Detector(s) Window Features: Double Pane Windows Spa Features: Appliances: Dryer, Microwave, Oven, Range, Refrigerator, Washer Other Equipment: Laundry: Laundry Closet Exclusions: Any staging items.
Appraiser $320
Bed & Bath Summary Bedrooms Total: Upper Level Bedrooms: Main Level Bedrooms: Lower Level Bedrooms: Basement Level Bedrooms:
2 0 2 0 0
Bathrooms Total: Upper Level Bathrooms: Main Level Bathrooms: Lower Level Bathrooms: Basement Level Bathrooms:
1 0 1 0 0
Bathrooms Full: Three Quarter: Half: One Quarter:
1 0 0 0
Detailed Room Info Room Type Bedroom Bedroom Bathroom (Full) Kitchen Laundry Living Room Sun Room
Rm Level Main Main Main Main Main Main Main
Dimensions Description
Parking Parking Total: Parking Type Off-Street
2
# of Spaces 2
Garage Spaces: 0 Parking Length Parking Width
Offstreet Spaces: Parking Description
2
Site & Location Information Lot Size: Current Use: Road Surf/Front:
0.16 Acres / 7,057 SqFt
Fencing:
Paved
Road Responsibility: Elementary School: Hudson / Weld County RE 3-J Middle/Junior Sch: Weld Central / Weld County RE 3-J High School: Weld Central / Weld County RE 3-J School of Choice: Zoning: Residential View Walk, Bike, & Transit Scores
Bldg/Complex Name: Parcel Number: Is Incorporated: Walk Score:
R8941830 38
Building Information Architectural Style: Contemporary Direction Faces: South Construction Materials: Frame Roof: Composition Property Condition: Updated/Remodeled
View: Exterior Features: Builder Name:
Builder Model:
Water & Utilities Water Included:
Yes
Water Source:
Public
Sewer:
Public Sewer
Public Remarks Easy Commute-just 40 miles NE of Denver along I-76. Small town living at its best. This home is walking distance to downtown, business district & some retail. Not a fix and flip but owner occupied since 2013. Plenty of parking with alley access. Home has been remodeled and update & all appliances stay! Most windows replaced, newer roof, furnace and
central A/C, new electrical panel and plumbing to code, new kitchen cabinets and bath, door hardware and doors replacedThis home offers everything you desire. Must be seen to be appreciated-Ask to see before it's gone!
Directions Exit 76 into Hudson, south of Pepper Pod on frontage road. All data deemed reliable but not guaranteed. © REcolorado 2022.
Generated on: 04/01/2022 12:10:30 PM
Removed old deck and poured new concrete
Compact Rancher
Master Bedroom With Plenty of Windows
Living Room opens to Kitchen. Light and BrightLarge windows!
Master Bedroom With Walk-in Closet
Sun Room With Laundry Closet Off Kitchen
New Remodeled Kitchen - All Appliances Stay!
New White Cabinets and Flooring
Gas Stove - Awesome!
Great Floor Plan And Room For Small Dining Set In Kitchen
Remodeled Full Bath Just Off Kitchen
New Vanity Cabinet - Full Bath Upgrade
All New Tub and Shower Combo
Large Window Brings in Sunshine
Good Size Bathroom - Nicely Upgraded
This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 04/01/2022 to 04/01/2021 Latitude, Longitude is within 0.25 mi of 453 Dahlia St, Hudson, CO 80642, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Comparable Listing YN is no
Residential Closed Properties Bds
Bths
Abv
Ttl
Fin
Close
PSF Abv
PSF Ttl
Hudson
2
1
900
900
900
02/11/22
$172
$172
$172
8169343 442 Birch ST
Hudson
2
1
702
702
702
07/16/21
$393
$393
6590890 434 Grape ST
Hudson
2
1
880
880
880
06/07/21
$320
2412689 235 Elm ST
Hudson
2
1
1,188
1,188
1,188
07/29/21
$243
IR935158 457 Ash ST
Hudson
2
1
1,363
2,445
1,363
04/30/21
$264
4851025 334 Cedar ST
Hudson
3
2
1,344
1,344
1,344
03/14/22
$270
IR948686 402 Birch ST
Hudson
4
2
1,377
2,754
1,577
10/12/21
$280
7570261 405 Birch ST
Hudson
3
2
1,446
1,446
1,446
07/06/21
$294
$294
$294
Averages:
1,150
1,457
1,175
$280
$282
$275
Listing ID Address
City
2709369 413 Birch ST
Count: 8
Closed Price:
Report Totals
Presented By: Clint Moll Generated on: 04/01/2022
Count : 8
Averages:
High $425,000
SqFt Abv 1,150
SqFt Ttl 1,457
List Price Close Price
CP/OLP
11
200,000
$200,000 $155,000
78%
$393
16
280,000
$280,000 $276,000
99%
$320
$320
10
285,000
$285,000 $282,000
99%
$243
$243
12
292,000
$292,000 $289,000
99%
$340,000 $360,000
106% 104%
$264 $270
Low $155,000 Sqft Fin 1,175
PSF Abv $ 280
PSF Fin DIM Orig Price
5
340,000
$270
7
350,000
$350,000 $362,500
$244
31
389,000
$375,000 $385,000
99%
1 12
425,000
$425,000 $425,000
100%
$320,125
$318,375 $316,813
98%
Orig Price $320,125
List Price Close Price $318,375 $316,813
CP/OLP 98 %
Median $324,500 PSF Ttl
$282
All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
PSF Fin $275
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INTELLIGENT PRICING AND TIMING
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INFO .
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Time on Market (in weeks)
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh 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 home will get the greatest flurry of attention and interest in the first two weeks. 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.
Brendan Bartie I The Bartie Group I 303.898.5244 I Brendan@TheBarticGroup.com www.TheBarticGroup.com