Home Buyers Misconception's
Posted by Marc Rasmussen on Thursday, January 7th, 2010 at 1:26pm.
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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