Yesterday our colleague and good friend Dru Bloomfield wrote a terrific post comparing sales prices with list prices, and what can happen to sellers employing various pricing strategies.
A couple of highlights:
- “On September 25 the percentage for all areas & types within the ARMLS database hit 97.01%, exceeding 97% for the first time since September 4, 2006. This is a very positive sign. The number has been rising rapidly since hitting a low of 93.82% on February 5, 2009. The highest reading was 99.54% reached on June 5, 2005.”
- “Savvy sellers know they can get a lot of attention with what may seem like an aggressive price.”
- From first-hand experience, a high-priced home listed $100,000 below the neighborhood comps and received multiple offers within the first week!
I couldn’t have written this post any better, so I’m encouraging you to click over and read the whole article on Dru’s site.
Your thinking, “yeah, what she said” Realtor,
Chris Butterworth
Chris Butterworth is: Realtor. Analyst. Husband. Father. Writer. Amateur Photographer. Triathlete. Soccer Dad. Big fan of technology, efficiency, and the Arizona Wildcats.
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