GOVERNORS RANCH
RE/MAX PROFESSIONALS 8500 West Bowles Avenue, #100 Littleton, CO 80123
SPRING 2022 REAL ESTATE MARKET REPORT
Each Office Independently Owned and Operated.
The Alan Smith Team
www.GovernorsRanchLifestyle.com
REALTOR®, CRS, GRI, CDPE, CLHMS
Direct: 303.932.3306 Cell: 303.503.2526 Alan@AlanJSmith.com www.GovernorsRanchLifestyle.com TheAlanSmithTeam.com Connect with us on:
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022
THE REAL ESTATE MARKET BY THE NUMBERS Understanding Real Estate Statistics Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.
HOME VALUES AND MARKET TRENDS
MARKET SPEED
Average Sold Price is the average (mean) sold
Average Days on Market (DOM) is calculated
price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.
by averaging the time-on-market for all sold homes within a specific boundary and timeframe. This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.
MONITORING THE CURRENT OFFERINGS The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.
BUYER DEMAND AND VALUE DIRECTION Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.
The Alan Smith Team Moving Van! PRESENTED BY
Valued Governors Ranch Homeowner,
If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call us today for a free consultation.
THE ALAN SMITH TEAM PREPARED ESPECIALLY FOR
VALUED GOVERNORS RANCH HOMEOWNER
Dear Valued Governors Ranch Homeowner, Receive the most accurate assessment of your home's value, provided to you as a complimentary service by The Alan Smith Team, your Governors Ranch real estate specialists. You will not be contacted with any other solicitation.
The Alan Smith Team REALTOR®, CRS, GRI, CDPE, CLHMS
Direct: 303.932.3306 Cell: 303.503.2526 Alan@AlanJSmith.com www.GovernorsRanchLifestyle.com TheAlanSmithTeam.com
VISIT WWW.GOVERNORSRANCHLIFESTYLE.COM
Connect with us on:
TRUST ALAN’S EXPERIENCE! A TOP PRODUCER – A TRUE PROFESSIONAL SINCE 1983!
CURRENT GOVERNORS RANCH ACTIVITY
Active
Pending
If you want to know what your home would sell for in today’s market, contact us today at 303.932.3306.
Sold
GOVERNORS RANCH REAL ESTATE MARKET REPORT
There are 0 homes currently for sale and 4 homes currently pending. Your Governors Ranch home is in demand. If you are curious to know what your home is worth, call us today at 303.932.3306.
GOVERNORS RANCH HOMES SOLD RECENTLY
© 2022 Google
GOVERNORS RANCH AT A GLANCE
13
Homes Recently Sold
$798,323 Average Sold Price
11
Average Days On Market (Solds)
This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data.
Status
Address
Bedrooms
Bathrooms
Est. Sq. Ft.
List Price
Sold Price
Sold Date
Sold
5102 S Cody Court
4
3
2,467
$689,900
$721,000
05/13/22
Sold
8775 W Prentice Avenue
4
3
2,495
$700,000
$803,200
05/12/22
Sold
5301 S Cody Street
3
3
1,704
$579,000
$632,000
05/10/22
Sold
5277 S Cody Street
3
4
1,986
$749,000
$825,000
05/06/22
Sold
8536 W Prentice Avenue
4
5
2,805
$699,999
$790,000
04/29/22
Sold
5766 S Garland Way
4
3
2,567
$750,000
$850,000
04/22/22
Sold
8875 W Dorado Court
3
3
2,461
$725,000
$860,000
04/05/22
Sold
5128 S Dudley Street
3
4
1,916
$700,000
$780,000
04/04/22
Sold
9194 W Progress Avenue
4
3
2,220
$685,000
$750,000
04/01/22
Sold
5530 S Jellison Street
5
4
2,408
$750,000
$830,000
04/01/22
Sold
8997 W Brandt Drive
4
4
2,763
$870,000
$985,000
03/22/22
Sold
5295 S Cody Street
2
2
1,474
$610,000
$601,000
03/18/22
Sold
5382 S Holland Street
5
4
2,470
$860,000
$951,000
03/11/22
Alan Smith, The Alan Smith Team, and RE/MAX Professionals are not in any way affiliated with Governors Ranch Home Owners Association, nor is this in any way an official advertisement or publication of Governors Ranch. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the REColorado between March 11th, 2021 and May 17th, 2022. Listings and sales may not be those of RE/MAX Professionals. The REColorado does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.