I recently researched a wealth of information about Tuscany South in Aurora, CO for a Seller client of mine who I have known for several years.  I really wanted to pinpoint why this Seller has had so much difficulty selling their beautiful perfectly maintained home that we feel has been priced very well.

 

So I started by analyzing and graphing the data from all of Aurora South.  Now Aurora South is huge.  It's in Arapaho County and adjacent to the Denver areas's second largest core of office space, the Denver Tech Center.  It's a major feeder area for the hundred of thousands of professionals who want a short commute while also having excellent schools-- namely Cherry Creek, arguable the best school district in Colorado. So, I was pretty sure that mapping the entire sold results for the city was going to be fruitless however, I was pleased to see a few easily recognizable trends:

Aurora South Colorado Market Statistics

It's easy to recognize the seasonal dip in sales that begins in August and starts ramping up again in March.  I was pleasantly surprised to see that the overall performance this year has been relatively steady with no material decrease in sales volume, price or even number of expireds.

 

Well that's all fine and dandy but not much help to my Seller in Tuscany South who is absolutely going to take a large loss after buying at the very peak in pricing back in 2005.  So I have now graphed the Tuscany South results and here's the bad news:

 

 

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Bob Maiocco

Evergreen, CO

More about me…

Keller Williams DTC

Address: 6300 South Syracuse Way, Greenwood Village, CO, 80111

Office Phone: (303) 771-7500

Cell Phone: (720) 273-4262

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Here's where I share about the day to day experiences I have in real estate. And also where I discuss the various opportunities that are in my local market of Douglas County and Jefferson County, Colorado


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