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Nancy Sammons
Colorado Dream Properties
12900 Stroh Ranch Place, Suite 125
Parker, CO 80134
Phone: (303)956-5292
Email: nsammons5292@gmail.com
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The Timbers Market Updates

August Market Report for The Timbers

Posted on August 16, 2019 - 05:56 AM by Nancy Sammons

The Timbers Market Updates

August 2019

Market Status: Stable

There are 24 active listings from $1,595,000-$740,000.

There are 6 homes under contract from $1,395,000- $699,000

6 homes sold $1,249,000-$865,000.

Average Days on the Market for the homes sold is 23 and for active homes, 54.

We have 4 months of inventory, which makes it a stable market.

Median comparable sales price rose from $995,000- $1,162,500.

Stats credit: from the Denver MLS

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Setting the Price

The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.

Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:

  • houses in your price range and area that were sold within the last half-year
  • asking and selling prices of houses
  • current inventory of houses on the market
  • features of each house on the market

From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.

Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.

Always be realistic. Understand and set your price to reflect the current market situation.

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