About Me

My photo
One of the most important things to success in todays real estate market is to make sure the price is right. Getting it right the first time can save time and money. This is why I like to look at and analyze the data on sales. Knowing what has been selling, at what price, and how long its been on the market gives me a special insight into the market in Middleton Hills. With this blog I hope to share some of that insight in a way that's easy to understand. Please share your thoughts and comments and always feel free to contact me with any questions.

Tuesday, April 3, 2012

March Home Sales

Address
First
Price
Last
Price
Sold
Price
SP/FP
SP/LP
Cum.
Days on
Market
# Days
From Last
Price Change
Until Offer
3315 Prairie Glade Rd
519,000
475,000
475,000
92%
100%
139
1
3302 Prairie Glade Rd
574,900
489,500
499,000
87%
102%
170
10
Average Total
$546,950
$482,250
$487,000
89%
101%
155
6


I mentioned these two properties in my post last month.  Each of them spent 4-5 months on the market, but look at the far right column.  After getting the price right both sold immediately…and for AT LEAST 100% of the new asking price!  Again, pricing is key.  When homes are priced correctly buyers will see the value and make a good offer.  As demonstrated with 3302 Prairie Glade a properly priced home may even stir up competition and increase the value. 

No comments:

Post a Comment