Best of Luck,
Century 21 tenace
When realtors look at comparable home prices, we always review what has sold in the nearby area with similar features and criteria of the subject home. I took a quick look at this subdivision and there haven't been any recent closings in the last six months, so I expanded my search until I could locate sold properties with the same features, fits and finishes of this home. You can view the sold comps here (copy and paste into your browser):
All of these homes have 1 fewer bedroom and 1,000 square feet less than the subject property at 32013 N 19th. There were no sold comparables with 7 bedrooms and there is value in that. As far as the pricing is concerned, this homes seems to be on target. There might be other homes that are currently active on the MLS for sale but again, what has actually sold will be the real basis of determining a home's value in today's market. I hope this information has helped.
Should you need any further assistance or have any questions about specific properties, please feel free to contact me anytime.
Sonoran Foothills is one of the communities I actively track in North Phoenix. The median sales price over the past 3 months was around $109/sqft. This house is listed at $112.49/sqft, which is close to the median.
Another consideration is that the community has a mix of houses in the $200k price range and in the $400k+ price range. I mix them together in my tracking because that is h how my investment models work.
I just went back and took a quick look on the data in my system and if I consider only the $350k+ homes in the community, the median sales price goes up to $125k which is higher than the asking price for this home.
The most expensive home sold within the past 3 months was sold for $585k ($125.43/sqft).
Based on this quick and dirty analysis, the house does not seem grossly overpriced, considering its size, condition and location.
Having said that, looking at how much the current owner paid for the house and the time it has been on the market, I do feel there might be some room for negotiation.
I hope this helps.
Jose Dias, REALTOR | (623) 418-5700 | Jose@MyFirstHouseAZ.com | http://www.MyFirstHouseAZ.com
PS: You can check other houses in the 85085 and other areas at my website: http://www.myfirsthouseaz.com/index.php?filter=all&CheckedZips[
I checked out your question on the MLS and actually it's priced alittle high but that's normal. You can always come down on your price but you can never go up, I think is the theory here. There is another large home listed in the same subdivision however, it has 6112 sq.ft and is listed as a short sale at $81.81 per sq. ft. cost. Listing price is $500,000. The MLS # is 4710002 or 31730 N. 15th Glen. Realtor.com will give you all the info. If you and yours are interested in such a buy I'd be happy to show this home to you and put in a backup offer for you. Since it is a short sale there is already one offer that has been presented to the bank already. Sometimes people get tired of waiting and walk away and that's when your offer would become the active offer. Let me know if I can help.
could be an REO ( fannie mae and freddie mac have certain pricing policies and guidelines they stick to) or homeowner that feels like that is what the home is worth.
Its tough to say with out the address. One thing I can tell you is that list price is sort of an irrelevant number. Focus on comps and neighborhood trends.
hope that helps.
A seller can ask whatever price they wish for their home. Nothing prevents you and your agent from submitting an offer for what YOU think the property is worth. Keep in mind that this is not a year ago, two years ago or five years ago. One of my buyers just made a $140,000 offer on a $120,000 listing - that is the kind of market we are in.
If you are interested in touring the home, I would be happy to schedule a showing on this home and a tour of other homes in the subdivision so that you make some comparisons.