New Homes
Arizona Valley Market Blog
Arizona Valley Market Conditions

 

At valley market blog, we strive to bring you the most current information on the valley's market conditions. We also post special events such as model home furnature sales and their locations so check back often!

 

At any time you can chat live with me, or leave me a message:


click here for the mobile version
Sales price vs List Price
Wednesday, February 25, 2009

image
image

I could attempt to do a pretty graph, but the truth is... I have no idea how to do it, and I would like to narrow the numbers down a bit more.

After all, there are 1000's of home sold every month.

Whats the best way to get an answer as far as the sales price vs list price!

What I decided to do was to choose a control group. I chose the cities of Phoenix & Scottsdale. I chose homes that have closed in the past month!!!
Just for giggles, I chose homes listed from $200,000-210,000

By using these parameters, there were 25 homes to compare!

The LARGEST discount of the 25 homes sold was listed at $208,000 and sold for $133,000. A nearly 33% discount!
On the flip side, there is also a home listed at $209,900 and sold at $215,900. Multiple bid scenario obviously!

What was the average of the list price vs. sold price for a foreclosure? Great question! 97%

The average sales price was 97% of the list price!

Please note that this is an average. If you would like specific dates or specific cities, please ask. I enjoy breaking the numbers down.

Brian Petersheim
800.207.6919
Posted by Brian on 12:48 AM • (0) Comments • (0) Trackbacks • Permalink • Email This Post
Page 3 of 11 pages « First  <  1 2 3 4 5 >  Last »