Good question, the current market would be 90% to 94 % of asking price in our current market. If I can be of help with your real estate needs, I can be reached at email@example.com or 941-916-2561.
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Gulf Coast Realty Network
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Cape Coral, FL 33904
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Perhaps the questions should include:
What things besides price can I negotiate to get a really good deal?
What incentives can I offer the buyer/seller so my offer gets accepted?
What type of loan gives me the best chances of having the offer accepted/the closing happen?
If you're looking only at waterfront properties (which most people asking about our zip code ARE), we have some statistics that may be of interest to you, including selling to list price ratios. Visit http://www.KRolland.info and let us know if that's where your interests are.
Otherwise, the 386 sales in our zip code that closed during the last 12 months ranged from a 1924 1,800 sq ft wood-frame home (on three lots) listed at $39,900 that sold for $25,000 (63%) to a 2003 5,000+ sq ft riverfront home listed at $1,575,000 that sold for $1,200,000 (76%). 321 (83%) of those 386 however, closed at 90% (or better) of list price; 55 (14%) closed at 100% (or better) of list price.
While I agree with some previous writers' opinions that at a zip code level that ratio is almost meaningless, this was an interesting exercise, Thank you.
Tammy Hayes, Realtor
RE/MAX Palm Realty
This is as helpful as knowing the average car sells for 20,000, 90% below sticker.
Which is to say, the information, while interesting, is not helpful when you come to buying a home.
First a Zip is NOT homogeneous. I can show you Zips with average cost being 150,000- I can show you 10,000,000 homes, and 20,000 homes.
In some area homes are selling for more than listing!!!!! Price wars have broken out.
A homes value CAN NOT be determined by knowning "Average" % off listing price in a Zip code. Using it would NOT lead to a good outcome.