Hi MG,

Jump to the bottom for the short answer.

I frequently run statistics for Evergreen homes in terms of general overviews to provide people with averages and an idea of what the market conditions are-- but a closer analysis of specific property features, characteristics and specific active competition is required to give you a better idea of why a home sits on the market…

I believe a better approach to valuing a home is to consider the three P's of marketing real estate:
1.) Product -what the house is, what it isn't and how does it compete against specific competitors,
2.) Pricing- The importance of finding the "Sweet Spot" in which the home is priced below superior and/or equal competitors, above inferior competitors and at a compelling price to attract attention from Buyers who wouldn't otherwise look at your offering.
3.) Promotions-Is the good word of your homes offering broadcast out to as many marketing conduits as possible? Are you taking advantage of a hybrid mix of "old school" marketing tools AND the newest technologies to tell would-be-buyers of your home?

When marketing a home each of the "P's" effects the others for example you may be able to sell an inferior Product relative to the competition if the Pricing and Promotion is better than the competition. Of course, the Price can be higher if the home is better and Promotions are superior. Conversely, if the home (Product) is inferior or equivalent to the competition and the Price is average or high-no amount of Promotion is going to help-other than to bring Buyers into your neighborhood and sell the competition.

I'm familiar with the home on Stanley Park, I'm very familiar with the area (lived on Edelweiss) and I sold what is arguably the closest comparable sale to that home at 24781 S. Mountain Park. I'll be happy to talk with you about the home; how, as a Product it compares with the competition, accurately Pricing the home, and superior marketing Promotion strategies if you reach out to me-at BobMaiocco@KW.com or (720)273-4262.

As a straight shooter: the short answer is about -1% to +2% appreciation which, would be a ball park range of $321,750-331,500.

Hi MG:
From 2003/2004 to 2006/2007 your home should have appreciated about 3.5 - 5% per year depending on your neighborhood. Unfortunately, most Evergreen neighborhoods have also experienced at least a 5% drop in value annually from 2007 to 2009. The greatest impact is the dropping number of sales in the Evergreen area.

For example, from Jan - Dec, 2006 in South Evergreen there were 137 sold at a Median Price of $360,000
In North Evergreen during the same time period 222 homes sold at a Median Price of $520,000.

Year to Date for 2009 the numbers are dramatically different. South Evergreen Median Price with only 48 homes sold is $340,000. North Evergreen Media with only 57 homes sold year to date is only $470,000.

The difficulty for Sellers is to be competitive in this changing market. Buyers have similar problems with tougher pre-qualification standards.

If you need more information about the value of your home, give me a call or send an email.

Margaret Stapleton, Remax Alliance Evergreen
303-618-1925
margaret@MargaretStapleton.com

MG,

It really depends on the home and area your home is in specifically. If I had the address I could look into it further and give you property specific facts and a real up-to-date value of your home. If you are interested, you can email me your address rather than posting it on Trulia. KLanterman7905@yahoo.com. I am a realtor and sell homes in Evergreen frequently. I look forward to hearing from you :)

Kendra
(720) 434-6432