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What's My Buckingham Park Home Worth? August 2016
What's My Buckingham Park Home Worth? August 2016
Properties active on the market: 1 Single-family properties closed in August: 3 Average sales price: $326,733 Average list price: $336,567 Sales price to list price ratio: 97.1% Average days on the market: 39 Buckingham Park: absorption rate: .3 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market). While Buckingham Park is experiencing an extreme seller's market, the list price to sales price ratio is low when compared to recent months. The average days on the market were good but August's sales activity provides an excellent example of why sellers should carefully consider the agent they use to market their home. 
Of the three homes that sold in August, only one agent used professional photography to market the home. That particular home was under contract in 2 days and sold for $5,100 over asking price.
Another seller used a flat fee brokerage. These agencies charge a flat fee to list a property rather than a percentage of the sales price. That agent didn't use professional photography. That home did sell the first day but for $30,000 UNDER list ... more

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