In my last post I pulled some data from my MLS concerning the Dyersburg real estate market and did a market report for the period from Jan 1, 2008-Feb 12, 2008. One of the last things I reported was on the "solds" sales price to list price ratio.
In that report, I pulled out the "solds" that were foreclosures and just looked at the "normal solds". I was very surprised at the results. We had a couple of the properties sell at list price and a couple sell way under list price so those balance each other out. However, the average sales price to list price ratio(for entire group) came out to 93.5%.
In my opinion that is indeed pretty good. A few days ago, I wrote another post about my activities one Saturday. At the end of the post I mentioned showing two Dyersburg Tn area homes to this family and I thought they would pick the Heathridge home. However, just last night we negotiated a deal on the "Farms" home.
I mention this to you to also take us back to the sales price to list price ratio. This home is selling for exactly 93.5% of list price! Now what are the odds of that unless it is truly in line with the rest of our market today?
Copyright © 2008 By Mike Frazier, All Rights Reserved. *93.5% average sales to list price ratio-Is that good?*
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