Broomfield Homes Sales Analysis for 2008
My year end analysis of Broomfield homes is complete. I ran residential homes that sold in the past year and current active homes for sale. Here is how Broomfield homes for sale performed. It is important to know two facts before pricing a home to sell; how many months are homes on the market before they are sold and how many homes have sold per month, on average. The breakdown performed was also by price and subdivision.
The Broomfield home activity based on the price point of the neighborhoods is as follows: Homes under $250,000 did sell in less than 2.9 months. What caught my eye are the price points under $300,000 which sold in less than 3.2 months, homes between $301,000 to $350,000 were taking 5.6 months to sell and considered a balanced market, then $350,000 to $400,000 Broomfield homes sold in 4.6 months.
If the seller's home is listed for just over $300,000 and an offer would be accepted for $300,000 or less, would it be helpful to the seller to have this information, in hopes the home would sell 2.4 months sooner? Remember, Broomfield Homes for Sale that are priced $301,000 to $350,000 are in nearly equal supply and demand or what is known as a balanced market.
Furthermore, the supply and demand for homes priced from $401,000 to $600,000 is balanced. However, it may take over 13 months for Broomfield homes for sale priced over $600,000 to sell.
As your Broomfield Real Estate Professional, it is my suggestion to consider pricing the home at $300,000 if the house is listed at $310,000. Comparing the net, original list to sales price differential at 94.18 versus the net, list to sales price differential at 97.12 the seller may not only save time, reduce stress, but save money in the long run.
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