Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends for Sandpoint Idaho, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Rain Silverhawk This is a great topic and you have it easy for people to see the difference between list and sales price!
Are market is priced like a science especially in the lower end, say below $250k. There is not much if any price differential.
Sharon Parisi Thanks for dropping in. I think this simple graph helps potential sellers that look at the houses listed at such and such and think that is what they are worth. It is a great lead in at listing presentations to show sellers so they don't over price their properties. I tend to get listings that sell quickly because they are priced well and this REALLY helps.
Winston Heverly how interesting. I have worked in Idaho, Nevada and California and there was always a huge difference at least in that first listing period. I think I thought it is like that all over. Nice to see your area is different. I like to get them sold so try hard to get then within 5k of selling price. Thanks for taking the time to comment, I love learning about other areas.
Rain Silverhawk I think I'm going to add a graph like yours to my listing presentations. In the current Dallas market, the lines will be close together. A great third line would be the county appraiser's assessed value. Thank you for sharing this great idea!
Sharon Parisi I am so glad you found a use for it. hehe I should add a zillow zestimate line to mine. smile
Rain Silverhawk I think that would be a great idea. People tend to believe the once source that they read, instead of researching all angles. Your graph demonstrate the need to look at all resources.
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