Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In the Town of Cary, for the 30 days ending today, the average sales price/last listing price was 0.963.
For the thirty days ending 8/17, the average sales price/last listing price was 0.962.
In my neck of the woods, Radnor Township (suburb of Phila.) single family homes in August sold for 93% of the listed price, 80% for condos. Which changed from July's report of 89% and 90% respectively. Real estate is local and always changing.
For those agent who have replied, are you measuring the sales prices vs. original list price or the sales price vs. the "final" list price. There is a big difference. Are you factoring in seller concessions?
In the Town of Cary, for the 30 days ending today, the average sales price/last listing price was 0.963.
For the thirty days ending 8/17, the average sales price/last listing price was 0.962.
Quote:
Originally Posted by WhoFanMe
For those agent who have replied, are you measuring the sales prices vs. original list price or the sales price vs. the "final" list price. There is a big difference. Are you factoring in seller concessions?
Not factoring concessions. It would be too much work to manually pull them.
And, the property has to appraise based on market value for the full sales price, including concessions, so I don't worry much about concessions and market value.
And neither qualification of the ratio was requested by the OP, FWIW.
Mine was sales price compared to last listing price, which is the only value tracked for this statistic by the source I used. I agree, comparing to original list price could be significantly different depending on the overall number and magnitude of price reductions. However, the buyers are only dealing with the last listed price when making their offers.
For those agent who have replied, are you measuring the sales prices vs. original list price or the sales price vs. the "final" list price. There is a big difference. Are you factoring in seller concessions?
No not original. That isn't what the OP was asking from my perspective. They wanted to know if they see a list price, on average, how far down can they negotiate.
My MLS doesn't track seller concessions so I have no way of pulling that.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
