Danielle, Other/Just Looking in Los Angeles, CA

I'm wondering what the average days on market (Average DOM) for homes in Atwater Village, CA is. I believe the turnaround is super fast, right?

Asked by Danielle, Los Angeles, CA Wed Jun 11, 2014

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As with any location, the more accurately it's priced, the quicker it will sell.

These days, homes that are priced at or above market value are starting to sit a little longer, versus last year at this time, when everything was receiving multiple offers.

The best advice is not to overprice it. Price it a little below where the comps tell you it should be, and hopefully you'll receive multiple offers and end up above where you had expected.
0 votes Thank Flag Link Mon Jun 30, 2014
Hello Danielle,

You may receive offers in 24 hours to 5 days if the home in priced right from the beginning. If the home is overpriced it will sit on the market for a while before someone makes an offer.

These are averages:
List Price.......DOM to Close escrow.....Selling Price
$601,000.................45..............................$606,500

I hope this helps!

Von
0 votes Thank Flag Link Wed Jun 11, 2014
I just ran the comps for the past year and the average for single family detached homes is 51 days $652,569. If you would like a pdf of the stats, feel free to reach out to me at todd@toddjoneshomes.com
Flag Tue Jun 17, 2014
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