Not if you're trying to sell your home it's not.
In the past two months 71 homes have sold in the Tucson Foothills.
And those that sold in the first 30 days sold for 95.3% of list price, while those took 120 or more days to sell, sold for just 91.4% of list price.
Here's how it breaks down by days-on-market.
| 0 - 30 days | 31 - 60 days | 61 - 90 days | 91 - 120 days | 120+ days | |
| # homes Sold | 15 | 14 | 6 | 6 | 30 |
| % of total | 21% | 20% | 8% | 8% | 42% |
| Avg %SP/LP | 95.3 | 96.2 | 92.9 | 92.7 | 91.4 |
It's a pretty good bet that those sold in the first 30 -60 days were priced right to begin with, and sold from the original list price with no price reductions.
While those that took longer to sell very likely had one or more price reductions. And the %SP/LP figures are based on the latest list price, not the original. If it were based on the original list, the %'s would be even lower for those homes that took longer to sell.
So price it right, sell it fast, and make more money.
**Please note, these figures are for total or cumulative days on the market. So if a home was listed for 60 days, then withdrawn &
re-listed, and then sold in 10 days, it's counted as sold in
70 days, not 10 days.
see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
