Boise Home Sellers Should Know: Buyers are Shopping on Price
Buyers aren’t looking at the bells and whistles of a home as much as they are considering Price. The numbers prove it!
“How Much is My Boise Home Worth?”
Pricing a Boise home right is generally the determining factor of whether or not the home will actually sell. Boise short sales and foreclosures are holding prices down. As a Boise home seller, you have to consider them your competition. Boise Home Buyers are searching online and they will compare your home to the short sales and bank sales around your property. These short sales tend to be considerably lower per square foot.
An accurate Boise Real Estate Market Analysis will factor in all competition. I offer free market analysis to Boise home sellers to help you price your home to the current market conditions.
The market proves this to be true. Lets consider a snapshot of all single family homes sold in the past 3 months in all of Boise in the $200,000 to $300,000 price range, which are zero to 5 years old.
Boise Homes Sold in the Past 3 Months:
Total Sold: 101 Boise single family homes
Average List Price: $239,719
Average Sold Price: $235,785
Average Sold price per square foot: $114.00
Average Days on Market: 93 days
Boise Homes Pending in the Past 3 Months:
Total Pending: 48 Boise single family homes
Average List Price: $240,138
Average price per square foot: $118.00
Average Days on Market: 87 days
Contrast That With the Homes Still on the Market as of 4/29/08:
Total Boise Homes Available: 268 Boise single family homes
Average List Price: $255,755
Average price per square foot: $127.00
Case In Point:
Some of the current listings are due for price reductions. If you will note, the properties that actually sold are significantly less per square foot that what is currently listed. Buyers are shopping on price. After your home makes it into their price range, that is when you compete with the upgrades and unique features in your home.
Tags: , Boise Foreclosures, Boise home buyers, Boise Home Sellers, Boise homes, Boise Real Estate Market Analysis, Boise Short Sales, How Much is My Boise Home Worth, Pricing Your Boise Home