There are 97 homes under $180,000 on the market for you to choose from today.
Do you want to know how many under $180,000 or less have sold in the past six months? That would be since November 2007: There are 86.
So, since 86 in that price range have sold since November 2007, and there are 97 homes available now as opposed to 83-85 homes on the average being available for sale through the winter, that means that there are more and more homes for sale, giving Buyers a little bit of a competitive edge, wouldn't you say?
For Sellers, this means that you need to be sure to price your homes competitively. If your home had a market value of $230,000 five months ago, it's possible that the value is about $200,000 at today's market value now. Or if the market value of your home on the lake was $425,00 six months ago, it's possible that it's around $370,000 at today's market value.
Here's a look at the market of waterfront homes (lake mostly, some creek), October til now:
Active Homes: 40
Low Price: $259,000
Average Price: $489,994
High Price: $699,000
Average DOM (Days on Market): 127
SOLD Homes: 6 (SIX)
Low Price: $276,000
Average Price: $455,000
High Price: $589,000
Average DOM (Days on Market): 137
Price your home competitively so it will sell, not sit on the market, waiting to be sold.
For help in selling your home and helping you price it competitively, call me at 509-431-5804.
Connie Suehiro, Realtor
Gary Mann Real Estate
Moses Lake, WA 98837
509-431-5804
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1 comment:
Hi Connie,
I often get asked by sellers what the average days on market is. I always tell them I don't talk days on market because the statistics get skewed by people who overprice their homes. If a home is priced right it will sell, if it isn't, it won't!
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