Can you match the MLS area to the market data: 01/01/2012 - 12/31/2012 ?
Chicago, IL Markets:
Loop, Near North Side, Lincoln, Lake View, Uptown, Edgewater, and Rogers Park.
Attached Single Family Data;
22% sold and 78% Expired
24% sold and 76% Expired
27% sold and 73% Expired
41% sold and 59% Expired
45% sold and 55% Expired
34% sold and 66% Expired
30% sold and 70% Expired
It is assumed all of the above listings had a BPO and/or CMA
Total 19,339 units were listed for sale.
TotalÂ Â 7,216 units were sold listings.
Total 12,124 units were expired listings.
The MLS areas;
Had an average dollar saleÂ was $312,312, this was 95.43% of the final list price.
The average expired listing was $409,162, and or 31% above the average sale price.
Assume a commission of 5% X $312,312 = $15,616 X 7.216 units = $11,286,505 dollars for theÂ agents that priced their listing right.
Lost commission of 5% X $312,312 = $15,616 X 12,124 units = $18,932,838 dollars lost forÂ the
for the agents that did not price their listingsÂ right.
Realtor'sÂ get your pieces of the lost $18,942,838 with a Restricted GP Appraisal Report for the seller and or the buyer? Call or email me for details.
Jack Schlenk 773 685 8300, email@example.com
Review my resume on my blog