Market Statistics for Newtown Square Pa - an increas of 1.5% in sold price!

Year to date in 2009 as Trend-mls reports, in Newtown and Edgemont townships homes listed under one million – were listed at the average price of $392,841 and sold at $353,909–or received 89.8% of the asking price with average 90 days on the market.  2010 in the same period - average home has sold in 87 days with listing price 453,830 which have sold at 414,133 or 91.3% of asking price - an increase of 1.5% in "sold" price.  For a no obligation and a FREE full market report or statistics in your specific market area for a specific price range feel free to call or email me anytime. 

9 Common reasons sellers overprice their property…

Research shows that the sellers overprice their home for sale due to:




1. Lack of facts

2. Over their budget

3. Need to net more money than the property is worth

4. Greed

5. Want to leave room for bargaining

6. Sellers overpaid for property

7. Lack of motivation to sell

8. Testing the market

9. Bad advice

Capable Realtor with his or her knowledgeable and professional assistance will help avoid these pitfalls.

 

5 things that each Seller should know

To price a home accurately for the best financial results seller should ask their Realtor following questions:

1. Is this a “Seller’s Market”?

2. Is this a true “Buyers Market “ in this specific area?

3. Is the cost of financing rising, dropping or remaining stable?

4. What is the average selling time in days?

5. What is the average percent of list to sold price?

Market Review - Sellers

Current Market Review