A few things to think about... If the other unit you reference sold quickly, then whatever its list price was at the time that it drew the acceptable contract is worth reflecting on. The goal of pricing is to attract activity, and more importantly offers. If that isn't happening, price must be evaluated.
You are very wise to reflect on this and consider whether a pricing adjustment is in order to better position your home. The best pricing analysis is one that is done with the best and most comparable market data - which is available to Realtors. I'd suggest you turn to yours - or hire a good one. Do the analysis and then adjust your price quickly if need be to better position your home so that the next buyer is yours!
My suggestion - do it now - the longer a home stays on the market, the less it sells for, period. I'm finding that of the inventory sold, 80% is either new listings (not relists) or properties that have had recent price reductions. Put another way, if you do nothing, you have a 20% chance to sell.
I'd like to see you have better odds than that!
Price and exposure cure everything - get the price right and then be sure that the buying public sees it -- an aggressive agent with an aggressive internet strategy to promote homes will serve you well.
Best of luck,
Search and connect at http://www.feenick.com
Joan Prout, MBA
RE/MAX Villa REALTORS
Jersey City, NJ
When a property sells it becomes public record. Any realtor can look it up for you.
Pricing can be tricky as it depends on how the market is performing as well as what has sold. If you are planning on selling, my suggestion would be to contact a realtor for a CMA, a comparative market analysis. This will give you the information you need to price your property competitively. And a realtor can give you the insight you will need for your particular market.
Best of luck,
Coldwell Banker Hoboken