April 08, 2009 at 11:40 AM
Lake Country Single Family Homes Sales
$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
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April 03, 2009 at 02:08 PM · Posted under Sharon Tomlinson
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 $200,000 - $300,000 price range. (Not your price range? Contact me at stomlinson@shorewest.com or 262.470.2000.) The stats show that sellers who priced their homes competitively and sold it in less than 60 days received on average almost $20,000 more than sellers who overpriced their home and sold in more than 60 days.
Lake Country Single Family Homes Sales
$200,000 - $300,000
7.1.08 - 12.31.08
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 over 8%. With an average sales price in this price range at $246,332 this equates to a $19,707 loss.
Even comparing some simple numbers for those homes that sold in less than 60 days to those that sold in 60 or more days we find some striking comparisons. Homes that sold in less than 60 days averaged a sales price of $248,223 in an average of 20 days. Home that sold in 60 or more days averages a sales price of $245,110 in a little more than 145 days. One average sellers waited an extra 4 months to receive over $3000 less.
When pricing your home make sure that you are comparing apples to apples and comparing original list prices to sale prices when considering where to price your home.
Posted By:
Sharon Tomlinson
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