Monday, May 18, 2009

THE REALITY OF SELLING A SINGLE FAMILY HOME IN EAGLE AND EAGLE RANCH.

I think it is clear after months of struggling home sale numbers in the Eagle and Eagle Ranch markets, that if you truly need to sell your single family home quickly, and at this point quickly can be defined as within three to four months, that your square footage price is going to absolutely begin with the number one, and not anything higher. This of course is my personal opinion, however, this is based on the facts that the average days on market in this market is currently 245 days. There have been three properties closed in this same market since the beginning of the year, this is out of 180 listed properties. This is quite the reality check for sellers and property owners at this point. I have had many listing appointments during the last couple of months and when potential sellers hear it's gonna take a list price somewhere between $150-$175 sqft. well, the reaction is never very positive, but this is what it will take to even get your single family property shown at this time. The outlook for sellers does not appear to look like it's going to change for quite some time either. However, if you are a buyer, and can find properties which are in a situation where they must be sold, this is a great time to shop for bargains.