Awhile back Brian Block wrote a great post A Guaranteed Way to Lose $54,528 When You Sell Your Home. What Brian showed in that post is how overpricing your home will cost you money and guarantees that you will get less than if you had priced it competitively from the start. The post contains a great analysis of why this happens and I won’t try to improve upon it here. I will, however, provide you with the latest data from the Lake Country area located in Waukesha County in Wisconsin. Here is an example for the $300,000 - $400,000 price (3 comments)
2008 Single Family Home Activity 25 New Listings Average List Price $241,224 18 Homes Sold Average Sales Price $228,889 6 Currently Active Listings Average List Price $275,450 Months of Inventory Currently Available in Hartridge 4.0
2008 Two Family Home Activity 7 New Listings Average List Price $265,484 1 Home Sold Sales Price $239,500 3 Currently Active Listings Average List Price $254,900 Months of Inventory Currently Available in Hartridge 36.14
2008 Condominium Activity 9 New Listings Average List Price $139,322 5 Homes Sold (1 comments)