at Keller Williams Integrity
6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras SEPTEMBER 15, 2022
Maria Contreras
MarkComparativeetAnalysis
REPORT FOR 9/15/2022
The Bartic Group's Market Report
Aurora, CO
Single-Family Homes
Presented by Bartic Group 720-208-7200 info@thebarticgroup.com
inventory Buyer's Market Seller's Market 0 10 20 30 40 50 60 70 80 90 100 Tod a yLastMonth 52
Median Price of New $554,950
Average Days on Market
Single-Family Homes
the market ordered by price. Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $800,000 4,084 8,000 10,000 sqft 4 4 9 40 19 28 $629,450 3,045 6,500 8,000 sqft 4 3 17 42 40 28 $544,000 2,268 6,500 8,000 sqft 4 3 35 40 25 28 $460,000 1,602 6,500 8,000 sqft 3 2 43 62 46 21 2 of T6 hu Sep 15 2022
Strong Seller's Market
28 Price Decreased 55% Price Increased 3% Relisted 4% Inventory 762 Median Rent $2,778 Market Action 52
The Bartic Group's Market Report www.TheBarticGroup.com
Median Days on Market
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available) If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices of
Market Segments Each segment below represents approximately 25%
39
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus
This week the median list price for Aurora, CO is $575,475 with the market action index hovering around 52 This is less than last month's market action index of 57. Inventory has increased to 762
Listings
Aurora, CO
Real-Time Market Profile
Per Square Foot $225
Strong Seller's Market
Median List Price $575,475
Median List Price
Single-Family Homes Aurora, CO The Bartic Group's Market Report www.TheBarticGroup.com
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
7-Day Average 90-Day Average
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.
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 $700K$650K$600K$550K$500K$450K$400K
Segments
Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 $200K$800K$600K$400K$1.0M 3 of T6 hu Sep 15 2022
7-Day Average 90-Day Average
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 8006004002000 4 of T6 hu Sep 15 2022
7-Day Average 90-Day Average
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.
Inventory
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 $275$250$225$200$175$150$125
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.
Single-Family Homes Aurora, CO The Bartic Group's Market Report www.TheBarticGroup.com
Price Per Square Foot
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 12010080604020 5 of T6 hu Sep 15 2022
Single-Family Homes Aurora, CO The Bartic Group's Market Report www.TheBarticGroup.com
Top 90-Day 90-Day
Market Action Index
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
90-Day Upper 90-Day Lower
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 12010080604020
Market Action Segments
7-Day Average 90-Day Average
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.
Bottom
Median Days on Market (DOM)
Upper
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 6050403020100
Lower
The properties have been on the market for an average of 31 days. Half of the listings have come newly on the market in the past 22 or so days. Watch the 90-day DOM trend for signals of a changing market.
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. 90-Day 90-Day 90-Day 90-Day
Single-Family Homes Aurora, CO The Bartic Group's Market Report www.TheBarticGroup.com
7-Day Average 90-Day Average
Segments
Top
Bottom
Sep 2019 Feb 2020 Jun 2020 Oct 2020 Feb 2021 Jun 2021 Oct 2021 Feb 2022 Jun 2022 100806040200 6 of T6 hu Sep 15 2022
LOCATION INFORMATION
ASSESSMENT & TAX
CHARACTERISTICS Lot Acres 0.135 Bedrooms 2 Lot Sq Ft 5,881 Baths Total 2 Land Use County Single Family Resid Baths Full 2 Land Use CoreLogic SFR Stories 1 Building Type Single Family Cooling Type Central Style Ranch Heat Type Forced Air Year Built 2017 Patio Type Deck Bldg Sq Ft Above Ground 1,500 Garage Type Attached Garage Bldg Sq Ft Basement 790 Garage Sq Ft 446 Bldg Sq Ft Finished 1,500 Roof Material Asphalt Shingle Bldg Sq Ft 1st Floor 1,500 Exterior Wood Siding Basement Type Basement Quality Good # Buildings 1 FEATURES Feature Type Size/Qty Property Details Courtesy of Maria Contreras, REcolorado Generated on:09/15/22 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 Page 1/2
Bldg Sq
APN: 2071-19-4-23-020 CLIP: 1088866230
Tax Year Total Tax Change ($) Change (%) 2019 $4,158 2020 $4,068 $90 2.17% 2021 $4,381 $314 7.71%
Full Baths 2
% Improved 68%
Assessment Year 2022 Preliminary 2021 2020 2019 Market Value Land $145,100 $145,100 $123,200 $123,200
Alternate PIN 035040208 Tax District 1454 Schedule Number 207119423020
Assessed Value Land $10,375 $10,375 $8,809 $8,809 Assessed Value Improved $21,765 $21,765 $20,821 $20,821 Assessed Value Total $32,140 $32,140 $29,630 $29,630
Census Tract 71 12 Property Zip4 4430 Township 05S
Lot Sq Ft 5,881
Mailing Carrier Route R046 Mailing City & State Aurora, CO Owner Occupied Yes
Yr Built 2017 Type SFR
Half Baths N/A Sale Price $406,741 Sale Date 05/24/2017
Owner Name 2 Quliber Heather Mailing ZIP 4 4430 Mailing Address 6375 S Harvest St
Property Zip 80016
Mailing Zip 80016
OWNER INFORMATION
Legal Description LOT 20 BLK 2 WHEATLANDS SUB 12TH FLG
Owner Name Stephen Quliber
Beds 2
Market Value Total $449,500 $449,500 $414,400 $414,400
6375 S Harvest St, Aurora, CO 80016-4430, Arapahoe County
TAX INFORMATION
Market Value Improved $304,400 $304,400 $291,200 $291,200
YOY Assessed Change (%) 0% 8 47% 0% YOY Assessed Change ($) $0 $2,510 $0
Ft 1,500
PIN 2071-19-4-23-020
Property Carrier Route R046 Range 65W School District Cherry Creek 5 Section 19 Elementary School Pine Ridge Quarter SE Middle School Infinity Block 2 High School Cherokee Trail Lot 20 Subdivision Wheatlands Sub 12th Flg
Rating Low Value As Of 2022-09-11 05:36:43 Sell Score 450
Owner Name Stephen Quliber Price per SqFt Finished $271.16
SELL SCORE
Document Type Special Warranty Deed Special Warranty Deed Title Company First American Title Insurance Other Multi/Split Sale Type Multi
05/24/2017
Title Company First Integrity Title
LAST MARKET SALE & SALES HISTORY
MORTGAGE HISTORY
Owner Name 2 Quliber Heather Document Number D7061770 Seller Elacora Wheatlands LLC
Covered Porch 65 Deck 256
08/01/2014 Sale Price $406,741 $1,350,000
First Floor 1,500 Basement Total 790 Attached Garage 446
Covered Porch 40
Mortgage Date 05/29/2020 07/18/2019 06/02/2017 08/01/2014 Mortgage Amount $360,000 $358,000 $324,800 $10,000,000 Mortgage Lender Bank Of England Bank Of England Bank Of America Na Vectra Bk/Co Na Borrower Oulliber Stephen Oulliber Stephen Oulliber Stephen Elacora Wheatlands LLC Borrower Oulliber Heather Oulliber Heather Oulliber Heather Mortgage Type Conventional Conventional Conventional Conventional Mortgage Purpose Refi Refi 1st Time Sale Resale Mortgage Term 30 30 30
Sale Date 05/24/2017
Sale Date
Mortgage Term Years Years Years
Deed Type Special Warranty Deed Sale Price $406,741
Buyer Oulliber Stephen & Heather Elacora Wheatlands LLC Buyer Oulliber Heather Seller Elacora Wheatlands LLC Cphw Land LLC Document Number D7061770 D4069792
PROPERTY MAP *Lot Dimensions are Estimated Property Details Courtesy of Maria Contreras, REcolorado Generated on:09/15/22 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 Page 2/2
Source: Zillow
2 Pending 1 Sold Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 5
24733 E Hoover Place 8/31/22 $549,000 $549,002 0.0%
Online Valuation Analysis How accurate are Zestimates?
P
Zestimates varied up to 0.7% or $4,563 compared to actual MLS prices.
ADDRESS PRICE ZESTIMATE DIFFERENCE
0.7% $4,563
6464 S Harvest Street $625,000 $620,437 -0.7% 6301 S Ider Street $635,000 $631,006 -0.6%
S
ADDRESS SOLD DATE SOLD PRICE ZESTIMATE DIFFERENCE
Map of Comparable Listings STATUS: P = PENDING S = CLOSED MLS # STATUS ADDRESS BEDS BATHS SQFT PRICE 1 Subject 6375 S Harvest St 2 2.00 1,5002 2218442 P 6464 S Harvest Street 4 3.00 2,854 $625,000 3 1699421 P 6301 S Ider Street 4 3.00 2,854 $635,000 4 4575317 S 24733 E Hoover Place 3 3.00 2,138 $549,000 Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 6
List date: 6/9/22
2,854 Sq. Ft. ($219 / sqft)
Lot Size (sqft): 6,273
Features
Cooling: Central Air Exterior Features: Fire Pit, Private Yard, Spa/Hot Tub
Details
Pending date: 9/3/22
4 Beds 3.00 Baths
Elementary: Pine Ridge
Fencing: Full
Full baths: 2.0 3/4 Baths: 1.0
Laundry Features: In Unit Levels: Two
Main Level Bathrooms: 2
List Price: $625,000
Year Built 2015 Days on market: 80
Common Walls: No Common Walls
Fireplaces Total: 1
Furnished: Unfurnished Heating: Forced Air
Patio And Porch: Deck
Interior Features: High Ceilings, Kitchen Island, Open Floorplan, Pantry, Primary Suite, Spa/Hot Tub, Wet Bar
Living Area Total: 2854
Association Yn: true
Construction Materials: Wood Siding
Orig list price: $700,000
Parking Features: Concrete Parking Total: 2
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Sump Pump, Washer, Wine Cooler
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 7
Off-market date: 9/3/22
$625,000
PENDING 9/3/22
Association Fee Frequency: Monthly
Assoc Fee: $65 Taxes: $4,852
Basement: Finished, Full, Sump Pump
6464 S Harvest Street Aurora, CO 80016 MLS #2218442
Updated: Sep 3, 2022 5:09 AM
Building Area Source: Public Records
Lot Features: Landscaped, Sprinklers In Front, Sprinklers In Rear
School District: Cherry Creek 5
Main Level Bedrooms: 2
Prop Type: Single Family Residence County: Arapahoe Subdivision: Wheatlands
Association Name: Wheatlands Metropolitan Association Phone: 303-351-5411
Fireplace Features: Gas, Living Room
Garages: 2
High: Cherokee Trail Middle: Infinity
Flooring: Carpet, Tile, Wood
Listing Terms: Cash, Conventional, FHA, Jumbo, VA Loan
Welcome home to this beautiful neighborhood -- you'll find a bedroom with full bath as you enter the front door -- laundry is on the first floor for easy access! The gourmet kitchen will bring smiles to your home chef and the patio is welcoming for BBQ's or outside meals. This home is operated with Solar Panels that will keep your electric bill low -- they will need to be transferred to you -- 2 car attached garage with epoxy flooring to keep your vehicles clean and out of the sun/snowBasement is meant to be used for a movie night (mounted TV is staying), yoga, exercise room and with the additional bedrooms for your friends or family sleepovers -- wet bar is a great set up with an attached wine cooler. It does need some TLC and it's an open canvas for your ideas!! What more can you ask for? Close to Lowe's, Southlands Mall, E470, DIA -- 1 owner and well cared for - Let's make a deal!!
Senior Community Yn: false Sewer: Public Sewer Structure Type: House
Road Responsibility: Public Maintained Road
Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected Virtual Tour: View Water Source: Public Zoning: RES
Tax Year: 2021
Remarks
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 8
Roof: Architectural Shingles Security Features: Carbon Monoxide Detector(s)
Road Frontage Type: Public Road
Pets Allowed: Cats OK, Dogs OK
Road Surface Type: Paved
Tax Legal Description: LOT 17 BLK 1 WHEATLANDS SUB 12TH FLG
6464 S Harvest Street Aurora, CO 80016 MLS #2218442 $625,000 4 Beds 3.00 Baths 2,854 Sq. Ft. ($219 / sqft) PENDING 9/3/22 Year Built 2015 Days on market: 80 Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 9
Direction Faces: East
Foundation Details: Slab Heating: Forced Air
Pending date: 8/9/22
List date: 6/2/22
Laundry Features: Laundry Closet
Association Yn: true
Assoc Fee: $65
High: Cherokee Trail Middle: Infinity
4 Beds 3.00 Baths
Year Built 2016 Days on market: 68
Association Phone: 720-274-5759
Below Grade Unfinished Area: 124.0
Association Name: Wheatlands Metropolitan District
Electric: 110V
Association Fee Includes: Recycling, Trash
Prop Type: Single Family Residence
6301 S Ider Street Aurora, CO 80016 MLS #1699421
Lot Size (sqft): 5,881
Garages: 2
Construction Materials: Frame
Orig list price: $685,000
List Price: $635,000
Details
Basement: Finished, Sump Pump
Style: Traditional Full baths: 3.0
Elementary: Pine Ridge
Off-market date: 8/9/22
Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Self Cleaning Oven, Sump Pump, Washer
Updated: Aug 10, 2022 5:24 AM
Association Amenities: Clubhouse, Park, Playground, Pool, Trail(s)
Building Area Source: Public Records
PENDING 8/9/22
County: Arapahoe Subdivision: Wheatlands
Association Fee Frequency: Monthly
Taxes: $4,834
Exterior Features: Private Yard, Rain Gutters
2,854 Sq. Ft. ($222 / sqft)
Fencing: Full
Cooling: Central Air
$635,000
Fireplace Features: Family Room
Features
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Radon Mitigation System, Smart Thermostat, Smoke Free, Walk-In Closet(s)
School District: Cherry Creek 5
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 10
Fireplaces Total: 1 Flooring: Laminate
Property Condition: Updated/Remodeled Road Frontage Type: Public Road
Senior Community Yn: false Sewer: Public Sewer
Tax Year: 2021 Water Source: Public Window Features: Double Pane Windows, Window Coverings
Structure Type: House Tax Legal Description: LOT 30 BLK 2 WHEATLANDS SUB 12TH FLG
Remarks
Spectacular Ranch home in the highly desired Wheatlands neighborhood. All the gorgeous finishes, with stainless appliances and granite counters in the kitchen. Your living room ready for your rest and relaxation, or spacious enough for some entertaining. Perfect for some quality time with family or friends. The master suite with your 5 piece bath is your spot for some tranquility, self care, and sound sleep. If you would like some more room, retreat into your sanctuary down in the finished basement which nearly doubles your space. The basement provides 2 spacious bedrooms and a bathroom, as well as a huge gaming/family room. Enjoy the spectacular Colorado sunsets from your back patio, as you bask in the sun overlooking the adjoining open space. Located on a Cul-de-sac, close to shopping, Cherry Creek 5 school district, and much more. Schedule your showing today
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 11
Patio And Porch: Patio Pets Allowed: Cats OK, Dogs OK
Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition
Levels: One Listing Terms: Cash, Conventional, FHA, VA Loan Living Area Total: 2854 Lot Features: Cul-De-Sac, Open Space, Sprinklers In Front, Sprinklers In Rear Main Level Bathrooms: 2 Main Level Bedrooms: 2
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Video Doorbell
Parking Features: Concrete, Finished, Insulated, Lighted Parking Total: 2
6301 S Ider Street Aurora, CO 80016 MLS #1699421 $635,000 4 Beds 3.00 Baths 2,854 Sq. Ft. ($222 / sqft) PENDING 8/9/22 Year Built 2016 Days on market: 68 Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 12
Association Yn: true Basement: Full, Walk-Out Access
Laundry Features: In Unit Levels: One
Listing Terms: Cash, Conventional, FHA, VA Loan
2,138 Sq. Ft. ($257 / sqft)
List date: 7/29/22
Style: Traditional Full baths: 2.0
Features
Fireplaces Total: 1
Middle: Infinity Elementary: Pine Ridge
Off-market date: 8/3/22
Taxes: $4,036
Heating: Active Solar, Forced Air
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)
Lot Features: Landscaped, Level, Open Space, Sprinklers In Front, Sprinklers In Rear
Year Built 2006 Days on market: 5
Details
Prop Type: Single Family Residence County: Arapahoe Subdivision: Wheatlands
Association Amenities: Clubhouse, Pool Association Fee Frequency: Monthly
3/4 Baths: 1.0
Fencing: Full Fireplace Features: Gas, Gas Log, Living Room
Orig list price: $549,000
Below Grade Unfinished Area: 482.0
3 Beds 3.00 Baths
Association Fee Includes: Maintenance Grounds, Trash Association Name: Wheatlands Metro Districts Association Phone: 303-459-4919
Sold date: 8/31/22
Assoc Fee: $65
Common Walls: No Common Walls
Building Area Source: Public Records
Lot Size (sqft): 5,271 Garages: 2
Updated: Sep 1, 2022 7:13 AM
Concessions: No Construction Materials: Frame, Rock, Wood Siding Cooling: Central Air Electric: 110V, 220 Volts
Flooring: Carpet, Tile Foundation Details: Slab
Main Level Bathrooms: 2 Main Level Bedrooms: 2 Parking Total: 2
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 13
Exterior Features: Balcony, Private Yard
School District: Cherry Creek 5
Living Area Total: 2138
24733 E Hoover Place Aurora, CO 80016 MLS #4575317
CLOSED 8/31/22
List Price: $549,000
High: Cherokee Trail
$549,000
Road Frontage Type: Public Road
Sewer: Public Sewer Structure Type: House Tax Legal Description: LOT 10 BLK 5 WHEATLANDS SUB 1ST FLG
Tax Year: 2021 Utilities: Cable Available, Electricity Available Water Source: Public
Senior Community Yn: false
Road Responsibility: Public Maintained Road
Patio And Porch: Covered, Patio
Road Surface Type: Paved Roof: Composition
Remarks
Wow it wont last long, lowest price in the subdivision. Priced to sell fast!! Gorgeous 3 bed 3 bath Ranch style home with a newly finished walk out basement, located in the prestigious Wheatland's subdivision and Cherry Creek School district. Features and amenities include: living room with a cozy gas fireplace and vaulted ceilings, home office, 2 master bedrooms one on the main floor and one in the basement. Perfect set up if you have a renter who would like their own space and own separate entrance, new engineered hardwood floors in the living, dining, and kitchen, all stainless steel appliances stay including gas stove, refrigerator, microwave, dishwasher, washer and drier,; home security system is owned and new owner just will need to sign up for service monthly, new solar panels are owned and come with the home, basement includes nice sized movie theatre room, large master guest room and walk in closet and a 3rd bathroom .*Location* Location* Location* Wheatland's subdivision is conveniently located behind Southlands shopping center with plenty of restaurants and retail shops, close to DIA, easy access to 470. Wheatland's subdivision is a pool community which includes a pool, Clubhouse, parks and trails, & a fitness center.* Seller will give a carpet allowance of 4,000 for the upstairs hall basement stairs, and Bedrooms.
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 14
Security Features: Security System
24733 E Hoover Place Aurora, CO 80016 MLS #4575317 $549,000 3 Beds 3.00 Baths 2,138 Sq. Ft. ($257 / sqft) CLOSED 8/31/22 Year Built 2006 Days on market: 5 Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 15
AVERAGE $549,000 HIGH $549,000
AVG PRICE / SQFT
$625,000
AVG PRICE / SQFT
S 1 Sold Listings
Comparable Property Statistics
P 2 Pending Listings
AVERAGE $630,000 HIGH $635,000
LOWEST $549,000
$221 AVG DOM 74
$257 AVG DOM 5 Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 16
LOWEST
Analysis
DOM $ PER
ADDRESS
ORIG LIST PRICE PRICE % OF ORIG LIST PRICE SQFT
Days on market
SOLD
Averages 100.0%
Homes sold for an average of 100.0% of their list price.
Sold Property Analysis
24733 E Hoover Place $549,000 $549,000 100.00% 5 $257 Averages $549,000 $549,000 100.00% 5 $257
5
It took an average of 5 days for a home to sell.
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 17
Averages 2,138 $549,000 $257
6464 S Harvest Street 4 3.00 2,854 $625,000 $219 6301 S Ider Street 4 3.00 2,854 $635,000 $222 Averages 2,854 $630,000 $221
P PENDING LISTINGS
Comparative Market Analysis 6375 South Harvest Street, Aurora, Colorado 80016 Maria Contreras Cell: 9703550789 18
S SOLD LISTINGS
24733 E Hoover Place
8/31/22 3 3.00 2,138 $549,000 $257
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT
ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT
Summary of Comparable Properties
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.
Integrity
at Keller Williams
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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.
PRICINGINTELLIGENT&TIMING
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.
ASKING PRICE PERCENTAGE OF BUYERS
☐
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.
+10%+15% Market Value -15%-10% 90%75%60%30%10%
☐
4 5 6
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.
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.
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.
TIME ON MARKET (IN WEEKS) 3
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Intelligent pricing isn’t about getting the most for your home – it’s about getting your home sold quickly at fair market value.
ACTIVITY 1 2
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