An aggressively priced home will seller faster than an overpriced home. In this market if you want to sell quickly, you must be below what other homes are selling for in your area. If you choose to overprice your home, there is a very good chance you will be holding on to that property for a long long time.
I just ran a Comparative Market Analysis and here are the numbers for a 3 bedroom single family detached, in Sun City West.
There are 99 Listings that are ACTIVE. And the average home size per square foot is 2,356. Average list price is $360,897. Active Days ON Market (ADOM) is 162. Current Days On Market (CDOM) is 191. (Average List Price / Average Sq Ft) : (360897 / 2356) = $ 153.18 per square foot.
There are 9 homes Pending a sale. Average Pending homes size 2,385. The average Pending home price is $328,694. Active Days On Market (ADOM) is 77. Current Days On Market (CDOM) is 123. ( Average List Price / Average Sq Ft ) : ( 328694 / 2385 ) = $ 137.82 per square foot
There have been 56 Listings that have SOLD May 2007. Average size of home sold is 2,405 square feet. Average listing price of homes sold is $343,169. Actual price on average of homes sold is $330,328. Active Days On Market (ADOM) is 149. Current Days On Market (CDOM) is 173. ( Average Sale Price / Average Sq Ft ) : ( 330328 / 2405 ) = $ 137.35 per square foot.
My advice would be that if you home matches this search criteria that you Price your home by the average SOLD per square foot price.
If this does not feel free to give me a call and I would be happy to run Comparative Market Analysis especially for you home.
PRO-formance Realty Concepts
My Website: http://ulisesromo.point2agents.com/
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