How Pricing Your Home in Today's Market Could Save You Money and Time!
$400,000 - $500,000
7.1.08 – 12.31.08
If you live in the Lake Country area of Waukesha County in Wisconsin, you may be interested to know how overpricing your home could cost you thousands of dollars. The statistics below show single family homes sales during the last 6 months of 2008 in the $400,000 - $500,000 price range. (Not your price range? Contact me at stomlinson@shorewest.com or 262.470.2000.)
Click on Graph Below for Full Size
In this instance the difference between selling in 60 days or less and one that takes more than 9 months is almost 5%. With an average original list price in this price range of $487,045 this equates to a $24,532 loss.
Even comparing some simple numbers for those homes that sold in less than 60 days to those that sold in more than 60 days we find some striking comparisons. Homes that sold in less than 60 days averaged a sales price of $447,093 in an average of 37 days. Home that sold in more than 60 days averaged a sales price of $439,635 in a little more than 188 days. One average sellers waited an extra 5 months to receive almost $8000 less.
Posted By:
Sharon Tomlinson
