I actually go back a bit further than 6 months - looking at comparables from 12 months ago, 6 months ago and also properties currently under contract, the analysis determines the trend, and then applies that market trend to a carefully selected group of active comparable properties to produce a recommended range. This will guide your evaluation, bidding and negotiation. It is important to stress that the analysis produced by an agent is not a appraisal.
An offer based on the facts of the market is far more likely to succeed than one that is pulled from the sky. The analysis will immediately expose is a home is overpriced. It will also highlight properties that are good values. Bottom line, trust the anlysis. It is worth its weight in gold.
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Obviously your question ws to Trulia stats.They acculumate stats on a general basis and do not take into account the differences location (even the minute differences WITHIN a community) that can effect home values let alpne any improvements made to a particular home.
The best information on closed stats is to use a Realtor who has access to the MLS and typically can go back a minimum of 5 years (if necessary)to get at least the trends. As far as getting RECENT sales prices, an agent usually gos back no more than 6 monthts to do a market analysis. Again a Realtor, is your best bet. We are very well versed in doing these analyses and compensating for differences in properties to gvie you a much better view of the market and particularly the approximate value of a particular home.
However, to find some recent past CLOSED properties and those that are on the market now can be obtained via a product called "Market Snap Shot". you have to sign in and answer a few questions like: How many bedrooms/baths, apx square feet and of course the zip code or address.
To view that kind of information go to: http://www.RealEstateInOceanCounty.info
Once on the site you can choose between the Monmouth County or Ocean County MLS information.
Hope this helps. Remember it is .info NOT .com
Marc J. Williams
A REALTOR since the 60's
When an agent lists a house, we used comparable sales to help price the home. It doesn't mean that the seller will agree with the number agents provide, but it is what all agents use to argue purchase price. Therefore, it is in the sellers' best interest to go with those figures.
You can also go to my website and order a market snapshot. It will give you closed sale information for the area you are interested in, and will update you monthly at no fee, no obligation.