Average Time to sell Luxury homes in Phoenix | November 2016
How long will it take to sell a luxury home in Phoenix? This is one of the top two questions that home owners in the Phoenix area will ask when considering the sale of the property. The other question really is how much is their property worth?
Knowing the average time to sell a property can truly help a home owner make their plans. Whatever reason one has to sell, I would like to provide this information, so one can plan accordingly.
Days on market (DOM), is one of the things that as a real estate agent I really like to keep track of. Days on market can give you plenty of information, including averages such as time on market to sell luxury properties. We can also see how long properties are taking on average to go under contract. These are all great numbers/statistics to help make your plans.
Quick Disclosure – All these numbers are based on information from the entire area. They are averages based on the most recent sales and properties under contract. It will give a great idea as to the averages, but keep in mind this information is based on an entire area. If you are truly looking at selling, request a realtor provide you current market analysis which focuses on your specific property.
223 Average days on market for active properties
174 Average days on market for properties under contract
186 Average days on market for properties sold in last month
It is a good idea to know your numbers, and the numbers above show some great information about the averages to sell in the area.
Why would average days on market for active properties/ under contract properties be more than average for the sale? Simple enough question. The properties that are selling, are likely priced correctly. Those properties that have been on the market longer are likely overpriced, and not gaining the interest needed by potential buyers. This is why pricing a home right, is incredibly important.
To find out how long it could take to sell your home and what the potential sales price would be, e-mail me your information:
Please include address you’re interested in pricing out. Thx