Market Data Report

Overall:

This market data is for detached single family homes sold in the Indigo Hills neighborhoods shown in the map area. Homes in this neighborhood sold strong in 2006.

Speaking to the desirability of this area, homes in these neighborhoods sold in fewer than average Denver Metro days on market and value are holding steady, though the pace of both of these numbers has slowed very slightly. The more expensive homes in this area, not included specifically in this report, have also become desirable when compared with new luxury builds nearby.

The strength of this neighborhood lie in it's amenities, including the pool and clubhouse, in highly-rated schools nearby, fantastic parks and recreation opportunities, and the relative affordability of homes here. One does not have to earn much more than the Denver Metro average wage in order purchase a home in this area. Also, being located near much more expensive properties increases the value of homes here.

Last, the trend in Denver Metro real estate of high foreclosures, rooted in risky loans and lending to risky borrowers and impacting home sale prices and appraisal values is not a big problem here. However, stay tuned and expect to see this trend pop up in the area as Adjustable Rate Mortgages hit a maturation point, triggering an increase in mortgage payment cost, sometimes beyond the financial reach of the household. Last, predicted interest rate increases may occur and have a downward effect on home prices.

2007, particularly in the first half will be a great time to buy and sell here and this neighborhood is expected to remain strong: it will remain an affordable, excellent location and will continue to be one of the Denver Metro area's best places to live. Find below a complete look at the latest data, which tells you how the market is looking at your neighborhood, not your home.

The Data
Home Sale Price Range: $218,000 - 435,000
Average Home Sale Price: $307,291
Days on Market Range: 0 - 221 days
Average Days on Market: 52 Days
Average Price per Square Foot: $147.38
Average Square Footage: 2085 square feet

Interpretation and Advice
We see that your neighborhood is holding it's own right now. If you are considering buying or selling in this neighborhood, this is a great time to do so. I can find the best value for your purchase in this neighborhood or I can let you know how to prepare your home for market so it sells quickly for top dollar. Some things to remember if you are considering selling and purchasing a home in the coming year is to:

1. Make no major purchases. No trips to the furniture store, no new cars, etc. Check with a loan person NOW about your credit record and ask about what you can do now to pump up your score. You want to get the best rate possible when you buy your new home.

I prefer working with a knowledgeable, trustworthy lender with years in the business like Ron Brown at Nationwide Lending Group. Call him at (303) 989-8500.

2. If your home has a lot of fancy wallpaper, colorful paint and "decorator" touches, start working on making your home more neutral, one room at a time, so it does not become a big job when you put the house on the market. Creamy neutral tones sell homes.

3. Do bigger projects like sanding and painting the exterior, refinishing the deck, making maintenance-oriented repairs so this does not become a big job when you are ready to put the house on the market.

4. Pay attention to your yard. Get rid of weeds and overgrown bushes, bald patches in the lawn, plant nice flowers.

5. Get in the habit of getting rid of clutter. Get rid of things that just take up space (making your home look smaller), un-stuff overstuffed closets, get rid of storage, find a place for everything you use and get rid of the items you do not use. Visit model homes if you are not sure of what will look like clutter to a potential buyer when s/he visits your home. (TAKE your BROKER with you to the model home!!)

Call me at (720) 275-3926 if you want a professional inspection and market analysis of your home, at no cost to you. I am keeping a close eye on homes in your neighborhood and it would be my pleasure to make your sale a complete success.

Your Personal Real Estate Information Source,

Marie de Espinosa

Integrity, Insight, Results!

Archived Market Data Report 7/2006

Overall:

This report is relevant just to your neighborhood, Indigo Hill, and there are three different price points located here. Overall, homes here are selling faster than the Denver metro area averages (111 days on market) and your homes are appreciating at a higher rate than the rest of the market.

Your neighborhood data shows that the lesser-expensive homes are selling faster than the more expensive end of your market. Because of this, it appears that fewer sales could take place this year, compared with last year. It's also affecting PSF values. Contact me monthly for updates to this figure or look for the Market Report I will make available to you in September.

Days on Market 2006: 60
Days on Market range 2006 solds: 4 - 205 days
Sale Price range 2006: $260,000 - 460,000
Price per Square Foot 2006: $141.03