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Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 06/14/2022 to 03/16/2022 Latitude, Longitude is within 0.25 mi of 801
Steele St, Denver, CO 80206, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*'
Residential Active Properties Bds
Bths
Abv
Ttl
Fin
List
PSF Abv
Denver
3
2
1,102
1,691
1,691
06/08/22
$907
Denver
4
2
1,293
2,494
2,473
05/20/22
$889
Averages:
1,198
2,093
2,082
$898
Listing ID Address
City
IR967874 809 Madison ST 8070675 839 Madison ST
Count: 2
High $1,150,000
List Price:
PSF Ttl
PSF Fin DIM Orig Price
List Price
$591
5
1,000,000
$1,000,000
$461
$465
$1,150,000
$461
$528
22 1,250,000 14 $1,125,000
Low $1,000,000
$1,075,000
Median $1,075,000
Pending Properties Listing ID Address
City
1537737 658 Steele ST
Denver
Bds
Bths
Abv
Ttl
Fin
Pending
PSF Abv
PSF Ttl
3
2
1,490
2,467
2,365
06/09/22
$671
$405
$423
Averages:
1,490
2,467
2,365
$671
$405
$423
Count: 1
High $1,000,000
List Price:
Low $1,000,000
PSF Fin DIM Orig Price
1,000,000
4 4 $1,000,000
List Price
$1,000,000 $1,000,000
Median $1,000,000
Closed Properties Listing ID Address
City
Bds
Bths
Abv
Ttl
Fin
Close
PSF Abv
PSF Ttl
7694769 937 Madison ST
Denver
3
2
1,027
1,624
1,624
06/10/22
$850
$538
$538
5
865,000
8381118 969 Steele ST
Denver
3
3
1,246
2,276
2,150
04/21/22
$963
$527
$558
3
7317819 930 Saint Paul ST
Denver
3
2
1,371
2,159
2,020
05/13/22
$929
$590
$630
4
5023268 919 Saint Paul ST
Denver
4
3
1,673
3,105
3,105
05/20/22
$897
$483
$483
Averages:
1,329
2,291
2,225
$910
$534
$552
Count: 4
Closed Price:
Report Totals
Presented By: Jacob Bingel Generated on: 06/14/2022
Count : 7
Averages:
High $1,500,000
SqFt Abv 1,315
SqFt Ttl 2,259
Sqft Fin 2,204
Low $873,000 PSF Abv $ 872
PSF Fin DIM Orig Price
List Price Close Price
CP/OLP
$865,000 $873,000
101%
1,050,000
$1,050,000 $1,200,000
114%
1,150,000
$1,150,000 $1,273,500
111%
1,350,000
$1,350,000 $1,500,000
111%
$1,103,750 $1,211,625
109%
List Price Close Price $1,080,714 $1,211,625
CP/OLP 109 %
4 4 $1,103,750
Median $1,236,750 PSF Ttl
$501
All data deemed reliable but not guaranteed. Copyright REcolorado © 2022. All rights reserved. REcolorado.com
PSF Fin $527
Orig Price $1,095,000
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
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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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