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Property Type is 'Residential' Mls Status is one of 'Active', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/19/2022 to 02/20/2022 Latitude, Longitude is within 0.25 mi of 485 Josephine St, Denver, CO 80206, USA Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' ListingActiveResidentialPropertiesID CityAddress Bds Bths Ttl Fin PSF Fin List PriceOrig PricePSF TtlAbv List PSF Abv DIM 452 University BLVD $1,299,0003 2,056 $63207/23/224Denver 2,0201,871 1,349,000$694 $6433439298 27 Count: 1 Averages: 2,056 $1,299,000$6322,020 $6431,871 High Low MedianList Price: $1,299,000$1,349,000$1,299,000$694$1,299,000 27 Closed Properties Listing ID CityAddress Bds Bths Ttl Fin Close PricePSF Fin List PriceOrig Price CP/OLPPSF TtlAbv Close PSF Abv DIM 2450 E 5th AVE #H $895,0003 1,914 $449 $860,000 96%06/21/223Denver 1,9141,584 895,000$543 $4495958895 9 456 University BLVD $1,095,0003 2,250 $487 $1,095,000 100%07/29/224Denver 2,2501,658 1,095,000$660 $4875411732 4 338 Clayton ST #6 $1,300,0003 2,350 $538 $1,265,000 97%06/29/224Denver 2,3502,350 1,300,000$538 $5388502732 21 2707 E 4th AVE $1,350,0003 2,448 $647 $1,584,000 117%06/30/224Denver 2,3701,734 1,350,000$913 $6681875422 2 Count: 4 103%Averages: 2,241 $1,160,000 $1,201,000$5302,221 $5361,832 High Low MedianClosed Price: $1,180,000$1,160,000$860,000$664$1,584,000 9 Report Totals $1,187,800$551 $557 $1,201,0002,1812,2041,839Count : 5 Averages: Close PriceList PriceOrig PricePSF FinPSF TtlPSF AbvSqft FinSqFt TtlSqFt Abv $1,197,800$ 670 103 % CP/OLP Generated on: 08/19/2022 CMA Page1-Line1of1REcolorado.com Presented By: Michael Jenkins All data deemed reliable but not guaranteed Copyright REcolorado © 2022. All rights reserved.
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
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.
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☐ ☐ The market never lies, but it can change its mind.
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.
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.
ASKING PRICE PERCENTAGE OF BUYERS +10%+15% Market Value -15%-10% 90%75%60%30%10%
☐ Fair market value attracts buyers, overpricing never does.
at Keller Williams Integrity and exciting to buyers and to their agents.
TIME
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. ON MARKET (IN WEEKS) 2 3 4 5 6
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
ACTIVITY 1
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