For instance, In Pelham, this year the list to sale ratio is 94.3%. The "original" list to sale is lower due to price reductions. In 2008 the list to sale ratio was 96.7%. Year to year the list price to sales price ratio differs anywhere from 3-4% in Westchester County.

Hello,
I do price evaluations for many outside sources, such as REO asset managers, and banks, as well as home buyers and sellers, so I do have some experience with the difference. The List Pirce is as it is/was listed at the time it "sold", which is probably different than the original list price. For instance, if a home originailly was listed for $500,000 then eventually was reduced to a list price of $430,000 when an accepted offer came in and a sale was made....the "List" would actually be $430,000 (at time of accepted offer/contracts) but the "original" list price would remain where the price started, being $500,000. The eventialy "sale" price of say $420,000, would remian the same. If you were calculating ratios you would use each ot these numbers to see a true picture of this particular home and the reality of the list prices vs the eventual sale price.

I hope I was helpful..

Feel free to contact me if you ahve other questions.
My Best,
Lisa Brodsky
currierandlazier.com/lbrodsky
845-401-1448


http://www.HudsonValleyNeighbors.com