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Market Selling Performance
Don't be fooled by lower commission rates, the initial savings will cost you in the long run.
Real Estate One Family of Companies
|
Property Type |
# of bedrooms |
# sold |
Avg LP of sold |
Avg SP of sold |
SP:LP Ratio |
|
Residential & |
All |
1786 |
244,346 |
241,669 |
99 |
|
Condominium |
2 or less |
323 |
152,117 |
156,262 |
103 |
|
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3 |
923 |
210,944 |
207,408 |
98 |
|
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4 |
504 |
343,625 |
339,781 |
99 |
|
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5 or more |
36 |
538,345 |
512,780 |
95 |
Entire MLS
|
Property Type |
# of bedrooms |
# sold |
Avg. LP of sold |
Avg SP of sold |
SP:LP Ratio |
|
Residential & |
All |
13109 |
238,504 |
232,142 |
97 |
|
Condominium |
2 or less |
2543 |
148,388 |
145,060 |
98 |
|
|
3 |
6848 |
210,569 |
205,608 |
98 |
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4 |
3437 |
341,287 |
331,836 |
97 |
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5 or more |
291 |
461,228 |
432,075 |
94 |
Example:
|
Our Family of Companies |
Entire MLS average |
|
List Price |
$200,000 |
List Price |
$200,000 |
|
SP:LP % |
99% |
SP:LP % |
97% |
|
Sale Price |
$198,000 |
Sale Price |
$194,000 |
|
6% Fee |
$11,880 |
5% Fee |
$9,700 |
|
Net Price |
$186,120 |
Net Price |
$184,300 |
Data from Realcomp II 5/1/2003 to 5/1/2004
It’s not a commission,
It’s an investment.
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