What Could It Hurt To Overprice Your Columbine West Home?
Over the years, many of my Sellers have wanted to price their home for sale above what I would deem their "Fair Market Value". As a Professional, it is always my advice to price your home correctly from the start, instead of "testing the market" at a higher price and then, after few showings and no offers, having to lower the price to a more realistic amount.
In 2019, Columbine West Real Estate offered a compelling argument for pricing correctly from the start.
Last year, Littleton Real Estate sales provided Sellers with an average of 97.8% of their Original List Price. Columbine West Real Estate sales averaged 98.9%. These are averages for all sales of Single Family Residences in Littleton and Columbine West.
With the Average Days On Market being 6 Days in Columbine West in 2019, you can say we have a pretty healthy real estate market! But what happens if you "Overprice"??
There were 24 homes sold in Columbine West in 2019 that took 18+ Days to sell. That's not so bad if you're not in a hurry. And the highest price homes typically take longer to sell, even in this market. However, there are issues that can come up in the mind of Buyers, ranging from "What's wrong with it" to recognition that the Listing is overpriced and that the Seller might not be realistic when negotiating.
These Columbine West homes that took triple (or more) the time to sell ended up cutting their prices in the end. The average reduction was 3% (- $12K+) when the sales finally went through.
Although it's still a "Seller's Market", it's best to price your home correctly from the beginning. Currently, there are 0 homes for sale in Columbine West. Columbine West Real Estate normally has 8 home sales per month. If you're thinking of Selling, now is the time to beat the Spring competition and get Top Dollar for your house!
For a Complimentary Market Analysis of your home's value, contact Realtor® John Basila at (303)589-9034 or email John at columbinerealtor@gmail.com
John Basila has been a Resident of Columbine West since 2001, and has the experience and marketing savvy it takes to sell your house for Top Dollar in today's market.
