Market Conditions in Estero>Question Details

Jerry, Home Buyer in Philadelphia, PA

What is the percentage difference on asking to actual selling price on Condos in Estero,FL?

Asked by Jerry, Philadelphia, PA Sat Jul 14, 2007

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Jesse McGreevy 239-898-5329’s answer
Jerry......We have one coming on the market. Are you still in the market?

It has been almost five years since your post. lol......I have been patiently waiting!

jessemcgreevy@gmail.com
239-898-5329
http://www.Bonita-Estero-RealEstate.com
0 votes Thank Flag Link Thu Mar 8, 2012
Estero Closed sale Condo data for the past 90 days:

Condos sold on an Average at 94% of their current Asking price.

The Average Price per square foot is $115.00

This data was acquired from Rapattoni MLS and Sunshine MLS

Stay Warm Jerry,
Have a wonderful Holiday
Caroline Sheehy
239-707-0317
CarolinesEmailaddress@yahoo.com
0 votes Thank Flag Link Thu Dec 9, 2010
The percentage between the real price and the asking price is the condition of the home.Do you need to spend a fortune fixing up or replacing costly components .
Many buyers need to understand the understated value of a well cared for home.
If you are handy and can fix most things the price should be equal to your cost and time.
Savings are not measured by only the price you pay. Many times is what you save. In most cases you get what you pay for. Always less if it needs work.
Compare and see. Choose wisely. The only one being fooled by a bad deal is you.
0 votes Thank Flag Link Wed Jun 30, 2010
Jerry, The difference between asking price depends highly on the days on the market or DOM. I still believe that each property on the market is a separate deal because of the seller's personal situation, but as far as the last 120 days from 0-30 DOM the average % of listing vs selling price was 81%, from 31-60 days it went up to about 88% and finally ( no record from 61-90 days on the market) for 91 days to 120 days on the Market the selling price was about 93% of the asking price. Keep in mind that most sellers do readjust their prices after a couple of months so that is one of the reasons the selling % price goes up as it stays longer on the market. That does not mean that if you offered lets say 88% of the asking price for a home on the market for over 50 days that you will have an acceptance but you get the picture.In brief I would say around 7-9%.Again it depends if the sellers were objective and had their home listed or put on the market at the right market value. If you have any more questions please let me know.


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0 votes Thank Flag Link Fri Jul 20, 2007
Hopefully, a Realtor with access to your local MLS will run those stats and respond. If not, contact a local Realtor and ask them to do that.

Moreover, the comment I wanted to make is that those stats, depending on the MLS, may only tell you the ratio of sale/list calculating with the ask price at the time it went under contract. Knowing if there were interim price adjustments made might be relevant to you, depending upon your purpose and need. The MLSs I work within don't perform a calculation using the original ask price, but I have calculate this data manually for sellers and buyers upon request. We are in markets that have had many price adjustments, so grasping the interim data (price changes, and relists) has been relevant.

I don't know if it has value in your situation, but thought I would pass this on for consideration.

Good luck.
Web Reference: http://PeninsulaFirst.com
0 votes Thank Flag Link Sat Jul 14, 2007
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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