Listing price vs Selling price (Charlotte: sales, real estate, buying a home)

[sunshine73]

I'm interested to know how the selling prices in Charlotte compare to the original asking price. Are most setting their asking price reasonably and getting close to it or are buyers coming in with low offers and getting them accepted? Thanks

[bajanqueen]

I would like to know this too because I have a pending move to the area. But I believe across the country that sellers are still trying to get as much as they can get. I was one of them and ended up settling for a much lower price. The house is only worth as much as the buyer is willing to pay for it. I learned this from that show Real Estate Intervention on HGTV

[lovesMountains]

Originally Posted by sunshine73

I'm interested to know how the selling prices in Charlotte compare to the original asking price. Are most setting their asking price reasonably and getting close to it or are buyers coming in with low offers and getting them accepted? Thanks

One of our realtors could better answer your question, but what I'm just personally seeing is people are getting list if they are priced right and anywhere from 5 to 20% less when they are not.

Much also depends on what price level you are looking at.

[sunshine73]

I'm looking in the $250-$350 range. I know this is a big range but if we can get what we would like, then the lower the price the better. When I look at listings though, the houses that seem to fit what we like are mostly in the $290-$360 range.

[lumbollo]

Real estate is going to go down another 20% - 30% in this city before it stops. Buy more house and you will take more of a fall.

[lovesMountains]

Originally Posted by lumbollo

Real estate is going to go down another 20% - 30% in this city before it stops. Buy more house and you will take more of a fall.

That's a generalization, and not true of every home.

In addition, if they are buying a home to live in and plan to stay put at least 8-10 years they won't take a fall at all.

[lumbollo]

Originally Posted by lovesMountains

That's a generalization, and not true of every home......

Of course it is. We are not talking about specific properties in this topic.

[Alpha8207]

For what it's worth, the average list price for January 2010 was $229,214 with the average sold price of $200,592.(Per Charlotte Regional Realtor Association)

[jackie111]

People are still listing their homes here for what their neighbor sold for in 2006 or for what they feel they have invested in it, not what it might actually be worth today. Check out carolinahome.com and click on the Community Data tab, then select sales history data at the bottom. It will give you actual sale prices of homes in a particular neighborhood.

[lovesMountains]

Originally Posted by Alpha8207

For what it's worth, the average list price for January 2010 was $229,214 with the average sold price of $200,592.(Per Charlotte Regional Realtor Association)

Good info -