Comments on: How Far Below Asking Price Can I Offer if a Listing is New to Market? http://blog.wethmangroup.com/2010/03/06/how-far-below-asking-price-can-i-offer-if-a-listing-is-new-to-market/ Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market Thu, 20 Jan 2011 14:24:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Katie Wethmanhttp://blog.wethmangroup.com/2010/03/06/how-far-below-asking-price-can-i-offer-if-a-listing-is-new-to-market/comment-page-1/#comment-522 Katie Wethman Sat, 14 Aug 2010 20:53:06 +0000 http://blog.wethmangroup.com/?p=718#comment-522 Great question, Spider. I ran stats for properties that sold in July 2010. For properties on the market between 30 and 60 days, they sold for 97% of the current list (that is, the list price at the time of the offer), and 94% of original list price. (So in other words, most sellers had a price drop somewhere in that time frame, and that price drop was enough of a draw to get an offer.)For properties on the market more than 60 days, the stats are 100% of last list, and 94% of original list. Great question, Spider. I ran stats for properties that sold in July 2010. For properties on the market between 30 and 60 days, they sold for 97% of the current list (that is, the list price at the time of the offer), and 94% of original list price. (So in other words, most sellers had a price drop somewhere in that time frame, and that price drop was enough of a draw to get an offer.)

For properties on the market more than 60 days, the stats are 100% of last list, and 94% of original list.

]]> By: Spiderhttp://blog.wethmangroup.com/2010/03/06/how-far-below-asking-price-can-i-offer-if-a-listing-is-new-to-market/comment-page-1/#comment-520 Spider Thu, 12 Aug 2010 19:57:21 +0000 http://blog.wethmangroup.com/?p=718#comment-520 This was interesting, but what is the (sales price / list price) ratio for properties that sold after, say, 20-60 days on the market? What about for properties that sold after 60-120 days? This was interesting, but what is the (sales price / list price) ratio for properties that sold after, say, 20-60 days on the market? What about for properties that sold after 60-120 days?

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