David Groom

This week the median list price for Denver, CO is $650,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46 Inventory has decreased to 520

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory

Real-Time Market Profile

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Market Segments

Each segment below represents approximately 25% of the market ordered by price

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.

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.

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.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Market Action Index

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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.

Median Days on Market (DOM)

The properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in the past 57 or so days. Watch the 90-day DOM trend for signals of a changing market.

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

11214 Claude Ct, Northglenn, CO 80233-2211, Adams County

APN: R0029549 CLIP: 4324695958

Online Valuation Analysis

How accurate are Zestimates?

5.0% $26,300

Zestimates varied up to 5.0% or $26,300 compared to actual MLS prices.

3 Pending

4 Sold

Source: Zillow

Map of Comparable Listings

STATUS: P = PENDING S = CLOSED

Summary of Comparable Properties

P PENDING LISTINGS

S SOLD LISTINGS

Listings

Christopher Wanless

Elite Home Partners

2630 E 109th Court

$520,000

3 Beds 3.00 Baths Year Built 2002

PENDING 1/23/23 Days on market: 47

Details

Prop Type: Single

Family Residence

County: Adams

Subdivision: Fox Run

Sub

Full baths: 2.0

Half baths: 1.0

Acres: 0.13

Features

Above Grade Finished

Area: 2048.0

Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Washer

Association Fee

Frequency: Quarterly

Association Name:

Vista Management

Lot Size (sqft): 5,662

Garages: 2

List date: 12/7/22

Pending date: 1/23/23

Off-market date: 1/23/

23

Updated: Jan 23, 2023 11:02 PM

Basement: Unfinished

Construction

Materials: Frame, Vinyl

Siding

Cooling: Central Air

Covered Spaces: 2.0

Exclusions: Personal

Property

Exterior Features: Hot Tub/Spa

List Price: $520,000

Orig list price: $540,000

Assoc Fee: $60

Taxes: $3,599

School District: Adams

12 5 Star Schl

High: Thornton

Flooring: Carpet

Heating: Forced Air Levels: Two

Lot Features: Cul-DeSac

Parking Total: 2.0

Patio And Porch

Features: Deck

Roof: Other

Middle: Northglenn

Elementary: Stellar

Rooms Total: 9

Sewer: Community/Coop

Sewer

Spa Features: Hot Tub

Water Source: Public

Remarks

Price Improvement! Come see this beautiful 3 bedroom, 3 bathroom, 2 story home located right on the corner of a cul-de-sac. This home has a large loft and an unfinished basement with the pluming already installed to add an additional bathroom. There is plenty of room for the whole family and since the basement is unfinished you can transform it however you would like. The loft can be made into a 4th bedroom and the laundry room is located on the main level. The hot tub is built into the deck and comes with the house. This property is close to the light rail, restaurants, grocery stores and the Northglenn shopping center. The neighborhood is well maintained, there are a few parks and some nice walking trails. Schedule your showing today! **Bonus Offer** The Seller is offering a $5,000 credit towards prepaid costs or carpet.

Courtesy of HomeSmart Realty

Information is deemed reliable but not guaranteed.

1476 E 111th Place

$420,000

MLS #3315085

4 Beds 2.00 Baths Year Built 1961

PENDING 2/12/23 Days on market: 10

Details

Prop Type: Single

Family Residence

County: Adams

Subdivision:

Northglenn C

Style: Contemporary

Full baths: 1.0

Features

Above Grade Finished

Area: 1125.0

Appliances: Microwave, Oven, Range, Refrigerator

Basement: Finished

Below Grade Finished

Area: 540.0

Common Walls: No

Common Walls

3/4 Baths: 1.0

Acres: 0.16

Lot Size (sqft): 7,000

Garages: 3

List date: 2/2/23

Pending date: 2/12/23

Construction Materials: Brick, Frame

Cooling: Evaporative Cooling

Direction Faces: Northeast

Off-market date: 2/12/ 23

Updated: Feb 12, 2023

11:44 PM

List Price: $420,000

Orig list price: $430,000

Taxes: $2,963

School District: Adams

12 5 Star Schl

High: Thornton

Middle: Northglenn

Elementary: Leroy Drive

Exclusions: All of the basement appliances are not included with the home which will be the stove, microwave, refrigerator, and washer/ dryer

Fireplace Features: Gas, Living Room

Fireplaces Total: 1

Flooring: Carpet, Linoleum, Tile, Vinyl, Wood

Heating: Forced Air

Interior Features: Ceiling Fan(s), In-Law

Floorplan

Levels: One

Lot Features: Sprinklers In Front, Near Public Transit

Christopher Wanless Elite Home Partners

Parking Features:

Concrete

Parking Total: 3.0

Patio And Porch

Features: Covered, Deck

Remarks

Road Frontage Type: Public Road

Road Responsibility: Public Maintained Road

Road Surface Type: Paved

Roof: Architectural, Composition, Shingle

Rooms Total: 11

Sewer: Public Sewer

View: City

Water Source: Public

Window Features: Double Pane Windows

Welcome to this alluring 4 bedroom, 2 bath home with tons of potential near a verity of parks, retail stores, and a 5 min drive to I-25. This home features hardwood floors, gas fire place, and a covered deck with a large back yard. The dining and living room offer tons of natural light with their large windows. The covered deck and large back yard make this home ideal for birthday parties and get togethers. This home includes a finished basement that resembles a mother-in-law style suite. The basement stairs lead to the back door and it has a partially finished kitchen which has running water and electricity for appliances. The basement also includes a living room, 2 bedrooms and 1 bathroom. Furnace and boiler are replace in past 3 years. This home has two drive ways that fit three average sized cars so you don't have to deal with finding public parking. Come on by and take a tour of this unique home.

Courtesy of Keller Williams Realty Downtown LLC

Information is deemed reliable but not guaranteed.

Wanless Elite Home Partners

Christopher Wanless

2106 E 113th Place

$525,000

MLS #1576381

3 Beds 2.00 Baths Year Built 1962

PENDING 2/6/23 Days on market: 90

Details

Prop Type: Single Family Residence

County: Adams

Subdivision:

Northglenn Eighteenth

Filing

Full baths: 2.0

Features

Above Grade Finished

Area: 1004.0

Basement: Finished

Below Grade Finished

Area: 1004.0

Construction

Materials: Brick, Frame

Cooling: Central Air

Covered Spaces: 2.0

Electric: 220 Volts in

Garage

Acres: 0.16

Lot Size (sqft): 7,000

Garages: 2

List date: 9/1/22

Pending date: 2/6/23

Off-market date: 2/6/23

Exclusions: Personal property, washer and dryer

Exterior Features: Garden, Private Yard

Fencing: Full Flooring: Wood

Heating: Forced Air

Updated: Feb 6, 2023 12:34 PM

List Price: $525,000

Orig list price: $575,000

Taxes: $3,004

School District: Adams 12 5 Star Schl

High: Mountain Range

Middle: Northglenn

Elementary: Malley Drive

Interior Features: Breakfast Area, Granite Counters, Quartz Counters

Levels: One

Lot Features: Sprinklers In Rear, Sprinklers In Front

Parking Features: Concrete, Finished

Garage, Insulated

Garage, Lighted, Oversized

Parking Total: 5.0

Patio And Porch

Features: Covered, Patio

Property Condition: Updated/Remodeled

Road Frontage Type: Public Road

Northglenn, CO

Comparative Market Analysis

11214 Claude Court, Northglenn, Colorado 80233

Christopher Wanless Elite Home Partners

Road Responsibility:

Public Maintained Road

Road Surface Type: Paved

Remarks

Roof: Composition

Rooms Total: 12

Security Features: Radon Mitigation System

Sewer: Public Sewer

Window Features: Bay Window(s)

Rare TWO kitchen TWO level stunner! Gardener's Dream! Amazing Value!! Gorgeous Remodeled Classic Brick Ranch in a sought-after area within easy walking distance to the Light Rail, perfect for commuting to Downtown Denver and the airport.

LOCATION: Just a mile away from fishing, boating, swimming hiking trails, and multiple recreation centers. 2 miles from shopping and restaurants. 3 miles from golf courses. Just 30 minutes from Downtown Denver. 30-minute drive to the airport, or under an hour by light rail.

MAIN FLOOR: Bright and open Renovated Kitchen with Quartz Counters! Breakfast Nook with Granite Counter! Spacious Living Room with Bay Window, Beautiful Hardwood Floors with 3 bedrooms and Remodeled Full Bath.

LOWER LEVEL: In-law Apartment has a Guest Entrance! NEW Full Kitchen! NEW Full Bath, NEW Carpet, 2 Large Bedrooms (non-conforming), and Family Room. Perfect for Multi-Generational Living! Possible Income-Earning Asset!

PARKING: MECHANIC'S DREAM Garage/Workshop: Oversized 2 car, insulated, 220v for shop equipment or EV charging. Park your Electric Vehicle and RV here!! Gated extra wide SUNNY driveway.

LANDSCAPING: Spacious backyard with privacy fencing. Front and back sprinklers, irrigated raised garden bed, and lush front yard with large shade tree. NO HOA!!

This home has everything to offer! It's a special place to live!

Amazing Rental Opportunities! Live in one side and rent out the other for extra income!

Ask about special financing opportunities! Lower rates and $$ back from the lender!

Courtesy of Keller Williams Realty Success Information is deemed reliable but not guaranteed.

MLS #4501385

$470,000

4 Beds 2.00 Baths Year Built 1962

Details

Prop Type: Single Family Residence

County: Adams

Subdivision:

Northglenn

Full baths: 1.0

3/4 Baths: 1.0

Features

Above Grade Finished Area: 850.0

Appliances: Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Smart Appliances, Self

Cleaning Oven

Basement: Full, Finished, Interior Entry

Below Grade Finished Area: 750.0

Acres: 0.17

Lot Size (sqft): 7,200

Garages: 1

List date: 10/27/22

Sold date: 2/9/23

Off-market date: 1/23/ 23

Updated: Feb 10, 2023 10:45 AM

List Price: $469,900

Orig list price: $485,000

Common Walls: No

Common Walls Construction

Materials: Brick, Concrete

Cooling: Evaporative

Cooling

Covered Spaces: 1.0

Direction Faces: North

Electric: 220 Volts

Exclusions: Personal property, Staging decor.

Exterior Features: Rain

Gutters

Fencing: Full

Flooring: Carpet, Vinyl

Foundation Details: Concrete Perimeter, Slab

Heating: Forced Air

Taxes: $2,926

School District: Adams

12 5 Star Schl

High: Mountain Range

Middle: Northglenn

Elementary: Malley Drive

Interior Features: Ceiling Fan(s), Eat-in Kitchen, Granite

Counters, Utility Sink

Laundry Features: Laundry Closet

Levels: One

Parking Features: Concrete

Parking Total: 1.0

Christopher Wanless Elite Home Partners

Patio And Porch

Features: Covered, Patio

Property Condition:

Updated/Remodeled

Road Frontage Type: Public Road

Road Surface Type: Paved

Remarks

Roof: Architectural, Composition, Shingle

Rooms Total: 8

Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Sewer: Public Sewer

Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Water Source: Public

Window Features: Double Pane Windows

Welcome to this charming, remodeled brick ranch home, with finished basement. The main floor features brand new double-pane windows, new Luxury Vinyl floor, a large living room with lots of natural light, 2 good size bedrooms and a full bathroom. The kitchen has new cabinets, granite countertops, and new stainless steel appliances. LED lighting throughout the house. Basement is finished has a family room and 2 bedrooms, 1 bedroom has egress window, other bedroom is non-conforming, remodeled 3/4 bathroom. Home has a good size yard. Seller is including a Home Buyers Warranty to give buyer's some piece of mind. Light Rail station is walking distance from the house less than 1/2 a mile.

Courtesy of KELLER WILLIAMS AVENUES REALTY

Information is deemed reliable but not guaranteed.

4 Beds 2.00 Baths Year Built 1962 CLOSED 1/13/23 Days on market: 5

$450,000

Details

Prop Type: Single

Family Residence

County: Adams

Subdivision: Northglenn Eighteenth

Filing

Full baths: 1.0

3/4 Baths: 1.0

Features

Above Grade Finished Area: 850.0

Appliances: Dishwasher, Oven, Refrigerator

Basement: Finished

Below Grade Finished

Area: 765.0

Construction

Materials: Frame

Acres: 0.17

Lot Size (sqft): 7,600

Garages: 1

List date: 12/9/22

Sold date: 1/13/23

Off-market date: 12/14/ 22

Cooling: Evaporative

Cooling

Covered Spaces: 1.0

Exclusions: All staging items.

Fencing: Full

Flooring: Carpet, Linoleum, Tile, Wood

Updated: Jan 13, 2023 9:28 PM

List Price: $450,000

Orig list price: $450,000

Taxes: $3,107

School District: Adams 12 5 Star Schl

High: Mountain Range

Middle: Northglenn

Elementary: Malley Drive

Foundation Details: Block

Heating: Forced Air

Levels: One

Parking Total: 1.0

Property Condition: Updated/Remodeled

Roof: Composition

Rooms Total: 10

Sewer: Public Sewer

Virtual Tour: View

Water Source: Public

MLS #5965894

Christopher Wanless Elite Home Partners

Remarks

Welcome home! This beautiful home has a lot of character and features 4 bedrooms, 2 living rooms, and 2 bathrooms. There is plenty of living space to spread out. This house has been well maintained, and to top it off and make it move in ready it has brand new interior paint, exterior paint, new gutters, and a brand new roof that were just installed! Both the furnace and evaporative cooler were also replaced in 2020 as well. It is completely turn-key ready, and ready for you to call it home. Come take a look today!

Courtesy of RE/MAX MOMENTUM

Information is deemed reliable but not guaranteed.

Christopher Wanless

Elite Home Partners

MLS #3183081

$405,000

3 Beds 2.00 Baths Year Built 1961 CLOSED 2/3/23 Days on market: 6

Details

Prop Type: Single Family Residence

County: Adams

Subdivision: NORTHGLENN

Full baths: 1.0

3/4 Baths: 1.0

Features

Above Grade Finished

Area: 1160.0

Basement: Finished

Construction

Materials: Brick, Frame

Cooling: Central Air

Covered Spaces: 1.0

Remarks

Acres: 0.16

Lot Size (sqft): 7,000

Garages: 1

List date: 12/12/22

Sold date: 2/3/23

Off-market date: 1/10/ 23

Updated: Feb 6, 2023 9:33 AM

List Price: $399,900

Orig list price: $399,900

Electric: 110 Volts, 220 Volts

Exclusions: NA

Fencing: Full Foundation Details: Concrete Perimeter

Heating: Forced Air

Levels: One

Parking Total: 1.0

Roof: Composition

Rooms Total: 7

Sewer: Public Sewer

Taxes: $2,038

School District: Adams 12 5 Star Schl

High: Thornton

Middle: Northglenn

Elementary: Leroy Drive

Utilities: Electricity Available, Natural Gas Connected

Water Source: Public

DEAL FELL FOR FINANCING!!! Yes this home is available! Very nice ranch style home! Great location

1465 Lucille Court Northglenn, CO

Christopher Wanless Elite Home Partners

with large yard and attached 1 car garage! Spacious eat in kitchen and living room. Extensive hardwood floors. New interior paint. 3 bedrooms on main floor. Unfinished basement. Kitchen and baths need updating and is price accordingly. Great sweat equity opportunity!!!

Courtesy of Total Realty Corp. Information is deemed reliable but not guaranteed.

Christopher Wanless Elite Home Partners

MLS #1957163

$400,000

3 Beds 2.00 Baths Year Built 1962

Details

Prop Type: Single Family Residence

County: Adams

Subdivision:

Northglenn

Style: Traditional

Full baths: 1.0

Features

Above Grade Finished Area: 850.0

Appliances: Dryer, Range, Refrigerator, Washer

Basement: Finished

Below Grade Finished Area: 807.0

Construction

Materials: Brick, Frame

3/4 Baths: 1.0

Acres: 0.19

Lot Size (sqft): 8,176

Garages: 2

List date: 11/14/22

Sold date: 2/14/23

Cooling: Central Air

Direction Faces: North

Exclusions: Seller's personal property.

Fencing: None

Flooring: Linoleum, Wood

Heating: Forced Air

Levels: One

Off-market date: 1/9/23

Updated: Feb 15, 2023

10:32 AM

List Price: $410,000

Orig list price: $425,000

Taxes: $3,034

Lot Features: Sprinklers In Front, Level

Parking Features: Concrete

Parking Total: 2.0

Roof: Composition

Rooms Total: 7

Sewer: Public Sewer

School District: Adams 12 5 Star Schl

High: Mountain Range

Middle: Northglenn

Elementary: Malley Drive

Utilities: Cable Available, Electricity

Connected, Natural Gas

Connected

Water Source: Public

Christopher Wanless Elite Home Partners

Remarks

Well maintained ranch style home with 3 bedrooms, and 2 bathrooms. Large driveway for additional offstreet parking. Main level living space offers 2 bedrooms, full updated bath and an open kitchen. Hardwood flooring on main level. The finished basement provides additional living space with a large family room, second kitchen, and one bedroom, and optional office and a 3/4 updated bath. Located close to shopping and dining. Information provided herein is from sources deemed reliable but not guaranteed. Buyer is not relying on Seller or its agents as to the condition of the property and/or any improvements there on. Listing Broker takes no responsibility for its accuracy and all information must be independently verified by buyers.

Courtesy of NEWMARK REAL ESTATE COMPANY

Information is deemed reliable but not guaranteed.

Wanless Elite Home Partners

Christopher Wanless

Analysis

Christopher Wanless

Elite Home Partners

Christopher Wanless

Sold Property Analysis

Averages

98.02%

Homes sold for an average of 98.02% of their list price.

Analysis

38

Days on market

It took an average of 38 days for a home to sell.

Suggested List Price

Analysis

Comparable Averages per Status

Disclaimer

The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.

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 first two weeks of marketing are crucial.

☐ The market never lies, but it can change its mind.

ASKING PRICE

OF BUYERS

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.

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.