Market Data Report

Overall:

Market data pertains to map boundaries on above photo, which is also found on the card you received. Homes within this neighborhood are desirable, as they are affordable to the average wage earners in the Denver Metro area. We see that throughout 2006, these homes generally sold in fewer days on market than average Denver Metro home sales, sometimes much fewer days. The Southridge Recreation center, nearby shopping and proximity to luxury homes makes this a very desirable neighborhood and one of the best buys in Denver.

We see that price-wise these homes are "holding their own" with a small gain in average home prices over last year. This is occuring even though the Denver Metro area is experiencing price loss in some neighborhoods, usually as a result of foreclosures.

The Denver Metro real estate foreclosure problem is rooted in both risky loans and loans to risky borrowers and they affect sale prices and appraisal values, as these markedly lower prices are factored in. Unfortunately, even though foreclosures do not represent "real" market values, if they they are on the market in your neighborhood, they represent real purchase prices and these homes compete for sales just like any other home on the market.

This neighborhood does not have a large problem with foreclosures, but you should expect them to be a presence in the coming year as many Adjustable Rate Mortgages are expected to hit a maturation point, triggering an increase in mortgage payment cost, sometimes beyond the financial reach of the household. Interest rates in general are predicted to increase this year and this has a dampening effect on household prices.

This neighborhood is one of Highland's Ranch most desirable, because of location and price range and you should expect these homes to continue to sell well, especially in the first half of 2007. 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: $199,800? $305,000
Average Home Sale Price: $258,400
Days on Market Range: 2?223 days
Average Days on Market: 41 Days
Average Price per Square Foot: $154.70
Average Square Footage: 1670 square feet
Average Sale Price 2005: $256,733


Interpretation and Advice
If you are considering buying or selling in this neighborhood, this is the time to educate yourself about your neighborhood and home. Buyers do well here. 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 covers the latest data available to the Hawks Pointe subdivision where there are two price points, which appear to be performing differently in this market. You have a jump in Price Per Square Foot, which tells us that space here is at a premium and it does appear that it is the larger homes that appear to be selling more quickly. You can also seek the advisement of a professional if your home is smaller, to learn about the improvements that will bring space and value to your home, making it more salable. Without increasing space, you can consider valuating your home at last year's PSF prices for quicker sales. Again, this is information you need to go over with a professional.

Figures in the report you received by mail from me are for 2005, except for days on market, which are for 2006. Find below a much more complete look at the latest data, which tells you how the market is looking at your neighborhood, not your home.

The Data
Average Sale Price 2006: $254,400
Sale Price range 2006: $230,000 - 305,000
Price per Square Foot 2006: $157.89
Median Sale Price YTD 2006: $246,900