This search was narrowed to a specific set of Properties. Property Type is 'Residential' Mls Status is one of 'Active', 'Coming Soon', 'Pending' Mls Status is 'Closed' Status Contractual Search Date is 08/30/2022 to 03/03/2022 Mls Status is 'Withdrawn' Status Contractual Search Date is 08/30/2022 to 03/03/2022 Property Sub Type is 'Single Family Residence' Beds Total is 2 Baths Total Integer is 2+ Originating System Name is one of 'REcolorado', 'ROCC', 'SSBR', 'IRES*' Latitude, Longitude is around 39.79, -104.77 ListingActiveResidentialPropertiesID CityAddress Bds Bths Ttl Fin PSF Fin List PriceOrig PricePSF TtlAbv List PSF Abv DIM 5207 Andes WAY $437,0002 1,171 $37308/18/223Denver 1,1711,171 437,000$373 $3732094288 12 Count: 1 Averages: 1,171 $437,000$3731,171 $3731,171 High Low MedianList Price: $437,000 $437,000$437,000$373$437,000 12 Pending Properties Listing ID CityAddress Bds Bths Ttl Fin PSF Fin List PriceOrig PricePSF TtlAbv Pending PSF Abv DIM 5256 Andes ST $452,0002 1,175 $38508/16/223Denver 1,1751,175 521,000$385 $3855567310 129 5128 Andes WAY $484,9002 1,460 $33208/19/223Denver 1,4601,460 484,900$332 $3325480301 8 Count: 2 Averages: 1,318 $468,450$3581,318 $3581,318 High Low MedianList Price: $468,450 $502,950$452,000$358$484,900 69 Closed Properties Listing ID CityAddress Bds Bths Ttl Fin Close PricePSF Fin List PriceOrig Price CP/OLPPSF TtlAbv Close PSF Abv DIM 18726 E 51st PL $449,9002 1,524 $295 $449,900 86%08/26/223Denver 1,5241,524 524,900$295 $2952363597 19 5153 Andes WAY $455,0002 1,407 $334 $470,000 103%05/02/222Denver 1,4071,407 455,000$334 $3345290592 4 Count: 2 95%Averages: 1,466 $452,450 $459,950$3151,466 $3151,466 High Low MedianClosed Price: $459,950 $489,950$449,900$315$470,000 12 Report Totals $455,760$344 $344 $459,9501,3471,3471,347Count : 5 Averages: Close PriceList PriceOrig PricePSF FinPSF TtlPSF AbvSqft FinSqFt TtlSqFt Abv $484,560$ 344 95 % CP/OLP Generated on: 08/30/2022 CMA Page1-Line1of1REcolorado.com Presented By: Lily Lopez All data deemed reliable but not guaranteed Copyright REcolorado © 2022. All rights reserved.
Intelligent Pricing and Timing
Comparative Market Analysis 5195 Andes Street, Denver, Colorado 80249 Lily Lopez The Bar tic Group at Keller Williams Integrity Cell: 303-808-0650 42
• Fair market value attracts buyers, overpricing never does.
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 biggest are location and condition. Generally, fair market value can be estimated by considering the comparables - other similar homes that have sold or are currently for sale in the same area.
• The Mrst two weeks of marketing are crucial.
Sellers often view their homes as special, which tempts them to put a higher price on it, 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.
• The market never lies, but it can change its mind.
Pricing a home for sale is as much ar t as science, but there are a few truisms that never change.
Intelligent Pricing and Timing
Intelligent pricing isn't about getting the most for your home - it's about getting your home sold quickly at fair market
With a sign in the yard, full description and photos in the local Multiple Listing Ser vice, 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 Nurr y of attention and interest in the Mrst 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 either improve the home's condition or lower the price.
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.
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.
Comparvalue.ative Market Analysis 5195 Andes Street, Denver, Colorado 80249 Lily Lopez The Bar tic Group at Keller Williams Integrity Cell: 303-808-0650 43
Your best chance of selling your home is in the Mrst two weeks of marketing. Your home is fresh and exciting to buyers and to their agents.
