11701 Albion Street-test

at Keller Williams Integrity

This week the median list price for Thornton, CO is $562,500 with the market action index hovering around 54. This is an increase over last month's market action index of 52 Inventory has decreased to 62

Marke t Act ion I n d e x

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

Re al-Time Marke t Profile

Median List Price $562,500 Median Price of New Listings $569,000

Per Square Foot $239 Average Days on Market 60

Median Days on Market 35

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb

Marke t Segme n ts

Price Decreased 56% Price Increased 2% Relisted 10% Inventory 62 Median Rent $2,535 Market Action 54

Strong Seller's Market

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

Me d ian 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.

Segme n ts

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 Pe r 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.

tory

7-Day Average 90-Day Average

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.

7-Day Average 90-Day Average

Marke t Act ion I n d e x

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller ’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb. 7-Day Average 90-Day Average

Marke t Act ion Segme n ts

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.

Me d ian Days on Marke t (DO M)

The properties have been on the market for an average of 52 days. Half of the listings have come newly on the market in the past 34 or so days. Watch the 90-day DOM trend for signals of a changing market.

7-Day Average 90-Day Average

Segme n ts

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles. Top 90-Day

Comparative Market Analysis

OWNER INFORMATION

Owner Name Joy John D Mailing ZIP 4 1650 Mailing Address 4230 Knox Ct Mailing Carrier Route C033 Mailing City & State Denver, CO Owner Occupied No Mailing Zip 80211

LOCATION INFORMATION

Property Zip 80211 Topography Flat/Level Property Zip4 3240 Neighborhood Code Highland 0234 Property Carrier Route C018 Neighborhood Name (OnBoard) Highland School District Denver County 1 Traffic Local Elementary School Edison Township 03S Middle School Strive Sunnyside Range 68W High School North Section 29 Subdivision Raes Re Sub Quarter NE Zoning U TU B Block 28 Census Tract 4 03 Lot 8

TAX INFORMATION

PIN

042

ASSESSMENT & TAX

Assessment Year 2022 Preliminary 2021 2020 2019

Market Value Land $321,700 $321,700 $321,700 $306,400

Market Value Improved $124,200 $124,200 $123,600 $131,100

Market Value Total $445,900 $445,900 $445,300 $437,500

Assessed Value Land $22,360 $23,000 $21,910 $21,910 Assessed Value Improved $8,630 $8,880 $9,370 $9,370 Assessed Value Total $30,990 $31,880 $31,280 $31,280 YOY Assessed Change (%) 2 79% 1 92% 0% YOY Assessed Change ($) $890 $600 $0

Feature Type Size/Qty

Opn Prch Frm 64

SELL

Sharyl Document Number 71834 71833 90430 90425 109988

Document Type Warranty Deed Quit Claim Deed Quit Claim Deed Warranty Deed Warranty Deed Title Company Land Title Corp Land Title Corp Security Title Co Security Title Co

Sale Date 03/01/1990 09/13/1989 11/23/1987 Sale Price $23,900 $17,623 Nominal Buyer Strang James W & Sharyl Phh Asset Management Adm Of Veterans Affrs Buyer Strang Sharyl Seller Phh Asset Management Adm Of Veterans Affrs Fleet National Bk Document Number 22824 86189

Mortgage Amount $10,000 $54,950 $32,000

Mortgage Lender Gmac Mtg Sage Cap Corp

Borrower Quintana Seferino R Quintana Seferino R Strang James W

Borrower Quintana Julia M Strang Sharyl

Mortgage Type Conventional Private Party Lender Conventional Mortgage Purpose Refi Resale Resale

Mortgage Int Rate Type Mortgage Term Mortgage Term Title Company

Updated: Nov 29, 2022 1:45 AM List Price: $469,900 Orig list price: $499,000 Taxes: $2,418

School District: Adams 12 5 Star Schl High: Mountain Range Middle: Shadow Ridge Elementary: Cherry Drive

Road Surface Type: Paved Roof: Composition

Senior Community Yn: false Sewer: Public Sewer Structure Type: House

Tax Legal Description: SUB:BRIAR RIDGE FILING 1 BLK:1 LOT:3

Tax Year: 2021

Water Source: Public

Remarks

PRICE REVISED! 3 bedroom ranch with full basement, 2 car garage. Superior end-of-the cul-de-sac location. Shor t walk to the Carpenter Rec Center, parks, trails, amphitheater, ball Melds. Major retail, medical, restaurants nearby. Good-from-thestreet look, ranch style with full unMnished basement, ready for your expansion ideas and Mnish. Huge, fenced back yard with 6 wood privacy fence. Recent major improvements include NEW gas forced air furnace, NEW roof, NEW gutters, downspouts, NEW exterior paint, NEW interior paint, rehabbed bath. Looks great inside and out. Excellent oppor tunity to own in a great neighborhood and a home with room to grow

PENDING 11/19/22

Details

Prop Type: Single Family Residence

County: Adams Subdivision: Briar Ridge

Full baths: 2.0

Half baths: 1.0

Features

Appliances: Dishwasher, Disposal, Dr yer, Microwave, Oven, Washer

Association Yn: false Basement: Finished Carpor t Spaces: 2

Construction Materials: Frame

Cooling: Central Air

Lot Size (sqft): 7,980

List date: 10/20/22

Pending date: 11/19/22 Off-market date: 11/19/22

Updated: Nov 19, 2022 6:22 AM

List Price: $499,999

Orig list price: $499,999 Taxes: $2,495

School District: Adams 12 5 Star Schl

High: Mountain Range

Exterior Features: Private Yard

Heating: Forced Air Levels: One

Listing Terms: Cash, Conventional, FH A, VA Loan

Living Area Total: 2080

Main Level Bathrooms: 2

Main Level Bedrooms: 3

Parking Features: Concrete Parking Total: 2 Patio And Porch: Patio Roof: Composition

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

Senior Community Yn: false Sewer: Public Sewer

Middle: Shadow Ridge Elementary: Cherry Drive

Structure Type: House

Tax Legal Description: SUB:BRIAR RIDGE FILING 2 BLK:2 LOT:5

Tax Year: 2021

Vir tual Tour: View Water Source: Public

Remarks

Brand new carpet in the basement & on the stairs being installed on 11/15/22!! Nestled in the Briar Ridge subdivision, this 5-bedroom, 2.5-bathroom home is ready to host all of your holiday par ties with family & friends. The main Noor features a spacious living room/dining area, 3 bedrooms (each bedroom has a USB charging outlet), 1.5 bathrooms with laundr y, newly Mnished hardwood Noors, kitchen with granite counter tops & gas stove. The French doors off the dining room lead you out to your gorgeous, spacious & private backyard, perfect for summer BBQ's. The back patio area is pre-wired & anxiously awaiting your hot tub. The garden area is ready for springtime planting. The basement has 2 additional bedrooms, a large living area for more enter taining, a full bathroom (some recent updates) & an unMnished storage/2nd laundr y room. The entire home has been freshly painted & is just waiting for you to add your personal touches. An oversized 2 car garage will keep your cars free from the snow that's heading our way soon. It has a door leading into the home, one leading to the backyard and an oversized door that opens up to accommodate your backyard par ties. Your new home is within walking distance to Briar Ridge Park, Cherr y Park, Nott Lake & Cherr y Drive Elementar y School. You will also be close to public transpor tation, light rail, Thornton Recreation Center & tons shopping within a 5-minute drive. Bonus: No HOA.

Details

Prop Type: Single Family Residence

County: Adams Subdivision: Woodglen

Style: Traditional Full baths: 1.0

Features

Appliances: Dishwasher, Disposal, Dr yer, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer

Association Yn: false Building Area Source: Public Records

Common Walls: No Common Walls

Concessions: No

Construction Materials: Brick, Frame, Vinyl Siding

Cooling: Central Air

3/4 Baths: 1.0

Lot Size (sqft): 10,820

Garages: 2

List date: 7/21/22

Sold date: 9/22/22

Year Built 1972 Days on market: 29

Off-market date: 8/19/22

Updated: Sep 28, 2022 3:58 AM

List Price: $459,000

Orig list price: $520,000 Taxes: $2,868

Direction Faces: Nor thwest Distance To Bus Numeric: 8 Distance To Bus Units: Minutes

Electric: 220 Volts

Exterior Features: Private Yard

Fencing: Full Flooring: Carpet, Laminate

Foundation Details: Slab

Furnished: Unfurnished

Heating: Forced Air, Natural Gas

Interior Features: Eat-in Kitchen, Entrance Foyer, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)

Levels: Bi-Level

Listing Terms: Cash, Conventional, FH A, VA Loan

Living Area Total: 1650

Lot Features: Level

Parking Features: Concrete

School District: Adams 12 5 Star Schl

High: Mountain Range Middle: Century Elementary: Woodglen

Parking Total: 2

Patio And Porch: Covered, Deck

Proper ty Condition: Updated/Remodeled

Roof: Composition

Senior Community Yn: false Sewer: Public Sewer

Structure Type: House

Tax Legal Description: SUB:WOODGLEN FILING NO 1 BLK:6 LOT:4

Tax Year: 2021

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

Water Source: Public Window Features: Double Pane Windows, Window Coverings

Remarks

Come look at this spacious home that is priced to sell. Looking at the pictures you will see a remodeled kitchen with an open concept into the living room. Most homes in the neighborhood are three bedrooms this home has 4, giving you an extra space for guests or a home oOce, Living here you would have one of the larger lots in the community, great if you have pets or if you enjoy your outside time. Many of the appliances are newer including the water heater and the seller will also be providing a $5000 credit that you can use towards buying down your rate or a new AC! Don't miss out on this fantastic home with unlimited possibilities!

LOWEST

LOWEST

Averages 96.7%

Homes sold for an average of 96.7% of their list price.

Analysis

ADDRESS

Days on market

It took an average of 29 days for a home to sell.

11720 GarMeld Street $520,000 $444,000 85.38% 29 $269

Averages $520,000 $444,000 85.38% 29 $269

Summar y of Comparable Proper ties

A ACTIVE LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

4045 E 118th Avenue 3 1.00 1,040 $469,900 $452 Averages 1,040 $469,900 $452

P PENDING LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

11625 Bellaire Way 5 3.00 2,080 $499,999 $240 Averages 2,080 $499,999 $240

S SOLD LISTINGS

ADDRESS SOLD DATE BEDS BATHS SQFT PRICE $/SQ.FT

11720 GarMeld Street 9/22/22 4 2.00 1,650 $444,000 $269 Averages 1,650 $444,000 $269

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 frst 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.

ACTIVITY

1 2 3 4 5 6

TIME ON MARKET (IN WEEKS)

Your best chance of selling your home is in the frst 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 furry of attention and interest in the frst 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.