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2 story 2 car garage home 3000+ sq feet. 450k+ price range. Its been on for just over a month
Initial it received 2 offers in its first 5 days. We accepted 1 of the 2 and it went contingent for 2 days. The buyers backed out and we had to placed it back on the market at that point the 2nd buyer had found another home. Since then its been a bit slow showing. All the feedback provided for showings have been positive.
Without straight out providing the listing its 8-9 years old. In very good condition in good neighborhood
Priced at roughly $145-146 per square foot. We lowered the price once already as both us and our agent agreed it was listed a bit high.
Considering lowering again but our price per square foot seems to be about average with other homes in the area.
What do you guys think?
PS: Appreciate the help!
What is the actual price compared to the homes sold recently in your area with similar number of beds/baths, square footage and features?
That's probably a bigger factor than cost per square foot. I have never bought a house by the square foot.
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I started looking for a house since late March, and I mainly used Redfin. Redfin has a "like" function and it will send you update of a house if there is any update, such as status changing to contingent, pending, etc.
I do have a feeling that for those houses I "liked" in similar communities and in similar price range (and mainly in 27519), I received less update from Redfin since mid-June. My realtor feels it is normal as he believes that April to June is the hottest time.
Anyway, I am just done with my house hunting, woohoo!
If I'm looking at the right listing, I'm guessing sloped yard and proximity to a busy road may be turning some buyers off. If I'm not looking at the right listing, then I have no idea lol
I don't think your looking at my house. I am not near a busy street
What is the actual price compared to the homes sold recently in your area with similar number of beds/baths, square footage and features?
That's probably a bigger factor than cost per square foot. I have never bought a house by the square foot.
Yes another house in my neighborhood went for $459 back in May. The house was same floor plan only difference was that it had 3 full baths vs my 2.5. But then again it may be a hotter time as someone had mentioned.
I have noticed a slowdown as well in 27513 (Cary). We live in Northwoods with lots of single family houses (3-4br 1800-2300 sqft) in the supposed hard to find 220-280 price range. Several months ago houses were lasting 2 -4 weeks on market and now they seem to take over a month -several approaching 2months. Even in super hot Holly Springs, where they really seem to sell like hot cakes cuz they are relatively newer, larger and "cheaper" (darn the commute I guess) I've noticed on Zillow houses seem to be taking longer to sell; more 30 days and 45 days on market instead of nothing but 7 days and 15 days. Of course, this is just my observation as I have no real proof. Really a slow down is probably more normal/healthy.
I have noticed a slowdown as well in 27513 (Cary). We live in Northwoods with lots of single family houses (3-4br 1800-2300 sqft) in the supposed hard to find 220-280 price range. Several months ago houses were lasting 2 -4 weeks on market and now they seem to take over a month -several approaching 2months. Even in super hot Holly Springs, where they really seem to sell like hot cakes cuz they are relatively newer, larger and "cheaper" (darn the commute I guess) I've noticed on Zillow houses seem to be taking longer to sell; more 30 days and 45 days on market instead of nothing but 7 days and 15 days. Of course, this is just my observation as I have no real proof. Really a slow down is probably more normal/healthy.
Actually, nice homes in Northwoods seems to be moving pretty quickly.
The foreclosure on McWaine will tilt the DOM figures, along with the place on N Harrison, as will any houses where your headlights hit the roof right before you free fall down the driveway.
But, the other stuff Closed over the last 3 months and Contingent/Pending on MLS shows DOM at 7,1,1, and 3.
Yes another house in my neighborhood went for $459 back in May. The house was same floor plan only difference was that it had 3 full baths vs my 2.5. But then again it may be a hotter time as someone had mentioned.
Sounds like, all other factors being equal.
__________________
When in doubt, check it out: FAQ
I have noticed a slowdown as well in 27513 (Cary). We live in Northwoods with lots of single family houses (3-4br 1800-2300 sqft) in the supposed hard to find 220-280 price range. Several months ago houses were lasting 2 -4 weeks on market and now they seem to take over a month -several approaching 2months. Even in super hot Holly Springs, where they really seem to sell like hot cakes cuz they are relatively newer, larger and "cheaper" (darn the commute I guess) I've noticed on Zillow houses seem to be taking longer to sell; more 30 days and 45 days on market instead of nothing but 7 days and 15 days. Of course, this is just my observation as I have no real proof. Really a slow down is probably more normal/healthy.
Zillow/Trulia doesn't have a feed from the MLS so using it to gauge sales wont be accurate.
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