Springboro Market Update

By
Real Estate Agent with Century 21 Elite Performance

For months now the Springboro market has been either the top Dayton market or runner up.  It's been single handedly boosting revenue outselling other Dayton communities in volume 10's of millions per month.  But if you look at the list price to sales price ratios they lie.  Yes... that's right.  THEY LIE! Take for example; in the past six months there were 32 homes which sold that were listed between $400K and $600K.  Out of those 32 homes 14 of them sold for more than $50,000.00 less than the original list price and my of them were $70K, $80K, $90K and in one case the individual purchase their home one year ago for $429,000.00 listed it this year for $452,000.00 and SOLD IT FOR $350,000.00! 

But if you look at the SP/LP numbers they're only from the last price reduction to the final sales price.  So... we have to do our homework for our buyers and our seller and show them the reality of what we're dealing with along with those comps in order for them to make an informed decision. 

Let me know what you think about these numbers!  I'd be curious to know.  I think they're amazing.

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Tags:
market
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price reduction
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Rainmaker
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Michelle Rottach
RE/MAX Elite Homes - Bettendorf, IA
Scott County Iowa Real Estate

In this market it is all about pricing the home correctly. I show the sellers and buyers a history report on the sold properties. At what price did it generate interest from buyers and how many days did it take to sell AFTER it was priced correctly.

I love your graphic - it made me smile. It sums up how we all feel about the current market.

Mar 13, 2008 06:10 PM #1
Rainer
14,444
Jon Higgins
Century 21 Elite Performance - Springboro, OH
ABR
Sometimes I feel just like that graphic!  Thanks for the response to the blog!  Right back atcha!
Apr 05, 2008 04:33 PM #2
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Rainer
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Jon Higgins

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