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.
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