Homes are still selling quickly. As of May 3, There were 3,614 sales (combined condo & Single Family). 2020 homes sold at or over list price. That is 56% selling at or over list price. In a less hot market, 95% of list price is a very good return. Last week, the ratio was 101%. The average money over list was $10,552. The highest last week was $415,000.
Did you know that as good as this all sounds, there are still 15% of the homes that are not selling? These are the homes that are over priced, very badly located or just not attractive to buyers. If the price is adjusted for the issues with the home, any home will sell, so it comes down to price. Be careful when you price your home initially. An overpriced home often ends up selling for less that if it is properly priced to start with. By the time the price is adjusted, buyers think that there is a problem with the home and will not even consider you home. A well price home will bring you maximum dollar. <script src="http://www.google-analytics.com/urchin.js" type="text/javascript">
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