Hi Rose

Well you have heard from several agents who have given you good advise, but again the true answer is, it all depends. You can not use average days on market, nor can you use any magic formula. Pricing, location, and the condition of your home will be the key to determining the amount of time it takes to sell your home. Not to mention if you have a luxury home and the buyer will need to obtain a jumbo loan, we have found the some banks are not willing to do jumbo loans at this time, so again, it all depends.

If you are upside down on your mortgage and are considering a short sale, again, it will depend upon the items discussed above that will dictate how long it takes to sell your home.

As Certified Luxury Marketing Home Specialists, we have the marketing tools and experience to get you results. Please visit our website at http://www.myhomeinscottsdale.com and check out our VIP Sellers Presentation.

We would be happy to show you how our marketing strategies get results. Have a great day!

The average is very misleading; neighborhood, condition, and of course price based on comparables drive timing. Fir accurate estimates a Realtor must assess the property, the neighborhood, the location relative to noise, views, etc...........Glad to offer expert opinion - just call

John Lynch. RE/MAX Fine Properties, Scottsdale, Phoenix and surrounds 480-236-9470

We focus on North Scottsdale and have analysis by community (trend charts, stats by type of sale, etc) as well as every home for sale by subdivision. For all of North Scottsdale (North of the 101 Freeway) here's the data for the past 6 months: Short Sales agerave 150 days on market; Lender Owned average 66 days on market; and resales average 150 days on market.

Hi Rose
It is so simple to figure that out. Will the property be listed at a 30 day price, a 60 day price, a 90 day price or even a two year price.
A good agent can tell you what the market is doing and where you need to be priced. Don't be surprised if it less than what you think. A few sellers are very shock by the sticker price these days.
Good luck, well it really doesn't have anything to do with luck, just price.

Rose,

It will depend on pricing in this market and move in ready!
If the home is clean staged and priced well you will do well!

Feel free to contact me for a consultation!

Lucinda Tkach
Windermere Central
602-799-6846

Hi Rose,

It depends on a number of factors including your price point and what kind of property you own. Right now the more expensive homes are taking longer than the least expensive homes, the town homes and condos are taking longer than the single family homes. That is the rule of thumb. What it really comes down to is how appropriately your home is priced. An inappropriately priced home will not sell. We see people chasing the market down rather than being priced right to sell right away. It is wiser to move your property right away than wait 200+ days because your home wasn't priced properly, and in the meantime the home prices have slid another 10-15%. Your pricing has to be in the active market, vs just on the market.

Proper marketing of your home helps obviously as price is just one of the 4 P's of marketing but they all have to work together to move your home. 85255 where our office is located, has seen the inventory drop from over 27 months to under 15 months since the beginning of 2009, so it is improving quickly! But that is an average and that can be deceiving as the less expensive homes are moving very quickly, and the very expensive homes are moving very slowly.

Prices drop until inventory reaches between 4-7 months supply. Homes priced between 300-400k in 85255 are moving very, very well. It slows a bit between 400-500k, and over 500- 1 million it slows considerably. It picks up again between 1-3 million and then slows again over 3 million.

If you have any questions feel free to call myself or my wife Carmen @ 480 889 7304 or 602 791 0536. We are located at Pinnacle Peak and Pima.

Marc Brodeur, BS, DC,
The Scottsdale Experts Real Estate Team
Keller Williams Integrity First
8525 E Pinnacle Peak Rd, Ste 100
Scottsdale, AZ 85255
marc@thescottsdaleexperts.com
carmen@thescottsdaleexperts.com

Hi Rose
In addition to understanding the averages it is imperative to know how to beat the averages as well. Many steps can be taken to prepare your property to show well and high levels of marketing will give maximum exposure to gain highest net in shortest time period.
We are located in North Scottsdale, let me know how we can help.
Laura Myers PLLC
Keller Williams Arizona Realty
9500 E Ironwood Square Dr
Scottsdale, 85258

Rose,

The average days on market for active properties in the 85255 zip code is 230. For the sales in the last 30 days the last month the average days on market is 208. There is currently 14 months supply of inventory meaning that if nothing else came on the market it would take 14 months at the current rate of sales to deplete the market. That's actually down from 17.4% last month. The active listings are down and the pending listings are up which is a good trend to start seeing. Other things you might be interested in...the sales price to list price is 91.8% and the listing success ratio is 37%.

Please feel free to call or email if there is anything else I can do to be of assistance!

With Your Success in Mind,

Shar Rundio
Keller Williams Integrity First Realty
480.560.7255
shar@speakingofphoenixrealestate.com