Home Buyers Misconception's
Posted by Marc Rasmussen on Thursday, January 7th, 2010 at 2:26pm.
I talk to home buyers on a daily basis and it seems that all of them are under the impression that you can get 25%-50% off of the list price of a home. Single family homes in the Sarasota area are selling on average for 94% of list price. Condos, on average, are selling for 92% of list price.
Here are 10 random sales that occured within the last 2 weeks:
| Asking Price | Sales Price | Sales Price/Asking Price |
| $1,975,000 | $1,800,000 | 91% |
| $1,899,000 | $1,750,000 | 92% |
| $799,000 | $710,000 | 89% |
| $499,000 | $475,000 | 95% |
| $449,000 | $396,000 | 88% |
| $399,900 | $360,000 | 91% |
| $295,000 | $265,000 | 90% |
| $260,000 | $240,000 | 92% |
| $215,000 | $199,000 | 93% |
| $159,000 | $150,000 | 94% |
8 out of the 10 transactions were within 10% of the asking price. This is still a buyers market but don't expect to get much more than 10% of the list price. Give me a call at 941.812.6272 if I can help you buy or sell in the Sarasota area.
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Marc, I couldn't agree with you more! I'm a reator in the Port Charlotte market and am seeing the same here. It seems tat already deeply discounted property values is not enough, everybody wants more then get disappointed when their offers are rejected. Particularly when dealing with foreclosure homes.
Posted on Thursday, July 29th, 2010 at 10:47am.