Market Analysis - Gina & Kara - 053023

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Specifically Crafted for Your Home

market analysis and marketing strategy

With over 4 decades of combined real estate background, Gina and Kara are a dynamic mother-daughter team who offer a unique real estate experience, blending exceptional concierge-level service with intimate market knowledge.

Distinguished by honesty, integrity, and expertise at connecting buyers and sellers to achieve their real estate goals, Gina and Kara successfully navigate a wide spectrum of complex transactions, accomplishing the best results for every client, regardless of market and price point.

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CURRENT MARKET REVIEW

Cinco de Mayo had a minimal impact on market activity. Our average daily active count rose another 1.0% with 4,164 total listings for sale, 1,326 of which were new listings. New listings increased week over week by 12.2% but compared to one year ago new listings are down -17.3% keeping inventory choices tight in 2023. Pending transactions were up from last week by 1.5% with 1,163 listings going under contract.

*Counties Surveyed: Douglas, Arapahoe, Adams, Denver, Broomfield, Elbert, and Je erson

MAY 3RD - 9TH, 2023

15,087 total showings

-1.4% Week Over Week

4,164 active units

1.0% Week Over Week

706 closed units

-32.3% Week Over Week

0.8 SUPPLY IN MONTHS

-0.5% Week Over Week

1,163 pending units

1.5% Week Over Week

6 MEDIAN DOM

-14 3% Week Over Week

Active Listings

COMPARABLE MARKET ANALYSIS

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ACTIVE LISTINGS

4100 East Quincy Avenue

Address List Date Orig. List Price Current List Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt % of Orig. List 1 Random Rd 2/15/23 $3,500,000 $3,650,000 8/7 8194 445 1.75 1946 45 104% 4900 S El Camino Dr 2/9/23 $3,750,000 $3,750,000 6/6 4918 763 2.26 1984 64 100% 1 Carriage Brook Rd 1/12/23 $4,750,000 $4,750,000 5/6 4842 981 1.86 2023 117 100% 4545 S Monroe Ln 3/1/23 $7,800,000 $6,900,000 5/4 3675 1878 5.48 1959 72 88% Average $4,950,000 $4,762,500 5407 1017 2.84 75 98% Land Address List Date Orig. List Price Current List Price Lot Size Days On Mkt % of Orig. List 4650 S Denice Dr 9/3/21 $2,495,000 $2,475,000 1.03 48 99% 1600 E Quincy Ave 2/22/23 $4,100,000 $4,100,000 2.22 76 100% 4970 S Fairfax St Also Sold 3/2/23 $4,750,000 $4,750,000 4.14 68 100% 10 Sunset Dr 3/2/23 $6,250,000 $6,250,000 4.48 68 100% Average $4,398,750 $4,393,750 2.97 65 100%

Pending Listings

COMPARABLE MARKET ANALYSIS

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4100 East Quincy Avenue

PENDING LISTINGS
Address List Date Orig. List Price Current List Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt 2 Sedgwick Dr 5/4/23 $4,500,000 $4,500,000 4/7 5674 793 1.0 1977 6 1328 E Layton Ave 5/15/22 $5,850,000 $5,350,000 7/12 8697 615 .94 1986 226 Average $5,175,000 $4,925,000 7186 704 .97 116

Sold Listings

COMPARABLE MARKET ANALYSIS

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SOLDS

4100 East Quincy Avenue

Address List Date Orig. List Price Date Sold Sales Price BR/BA SqFt PSF Lot Size Year Built Days On Mkt % of Orig. List 4401 S Vine Wy* 7/23/22 $4,200,000 2/9/23 $3,233,500 5/6 5074 637 2.26 1977 120 77% 6 Tamarac Ln 10/12/22 $3,475,000 11/19/22 $3,275,000 6/4 2153 1521 2.86 1970 28 94% 1 Tamarac Ln No Bsmt 1/5/23 $3,325,000 1/5/23 $3,325,000 2/4 3513 946 2.47 1959 0 100% 3777 S Dahlia St 4/13/23 $3,275,000 5/11/23 $3,750,000 6/7 5555 675 1.07 1972 2 115% 3 Tamarac Ln* 4/22/22 $4,395,000 1/31/23 $3,900,000 7/5 5997 650 2.67 1977 92 89% 1620 E Layton Dr 7/8/22 $5,725,000 2/8/23 $5,538,000 4/7 8896 623 2.58 1980 204 97% 4 South Ln 7/14/22 $6,500,000 12/20/22 $5,750,000 6/8 7141 805 .83 2004 137 88% Average $4,413,571 $4,110,214 5476 837 2.11 83 94% *My listing Land Address List Date Orig. List Price Date Sold Sales Price Lot Size Days On Mkt % of Orig. List 4857 S Albion St 5/12/22 $3,300,000 3/9/23 $2,695,000 1.67 219 82% 4970 S Fairfax St Currently Active 6/8/22 $4,250,000 10/5/22 $3,525,000 4.14 90 83% 15 Cherry Hills Dr 2/1/23 $3,950,000 2/10/23 $4,750,000 2.38 3 120% Average $3,833,333 $3,656,667 2.73 104 95%
MARKETING STRATEGY 16

TOURS, SHOWINGS

Kentwood offices tour the property.

Your property will also be toured by Luxury Home Tour Colorado , an exclusive group of local brokers who showcase luxury listings.

Showings will be scheduled and recorded, and you will receive frequent communication including feedback and market updates.

CONTRACT NEGOTIATIONS, CLOSING

Gina and Kara will present you with all Offers, advise you on price and terms, and expertly negotiate on your behalf.

Once the property is pending, you will be continually updated with Contract deadlines and requirements, in order to progress towards a successful Closing.

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Selling with Gina and Kara

Broker bio’s and processes

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Gina has a proven track record and consistently ranks in the top 5 agents in Metro Denver and has been the number one agent at Kentwood Real Estate for the last 10 years, with over $1 billion in sales over the last two decades.

Gina has represented some of Denver’s most discriminating buyers and sellers and has sold some of the finest properties in the Metro area. She is results oriented with a high level of service, a persistent work ethic and a relentless commitment to her clients. She has an intimate knowledge of the real estate market and negotiates on behalf of her client’s and their best interests.

honored
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as number one
As Counselor, Advisor, Negotiator, and Savvy Real Estate Broker, Gina will ensure that your buying or selling process is smooth sailing from start to finish. GINA LORENZEN gina@kentwood.com 303.570.2042 21

Kara offers exceptional service for a wide range of properties, with over a decade of experience in both Denver and Chicago. Before her family moved back to Denver last year, Kara was recognized as one of Chicago’s Fastest Growing Agents of 2022 with over $10 million in sales production.

As a Denver native, Kara comes from a successful, multi-vertical real estate family and holds an in-depth knowledge of the Denver market. Kara prides herself on her honesty, loyalty and confidentiality, which sets her relationships with her clients above all else.

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dedicated and knowledgable
With a Calm Demeanor and Rational Approach, Kara ensures her clients feel supported throughout the transaction and beyond. kara couzens kara kcouzens@kentwood.com 303.518.4258 23
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