Selling your home can be frustrating in a slow market, especially if you do not have the information to know what expectations are realistic.

 

There is a lot of discussion in the news about the real estate market, nationally and about Seattle, but these reports do not have much impact on us.  Why? 

 

Ø      By the time the news reports on the real estate market, it is old news.  This is a fast paced business, and stats that are 2 months old are not meaningful.  (This is why we have gone to a blog format for real estate news rather than snail mail). 

 

Ø      Real Estate is the most LOCAL business on earth!

 

The Anacortes real estate market is what is important to Anacortes home buyers and sellers.  We have a wide variety of properties on Fidalgo Island from Victorian homes in Old Town, to view homes in Skyline, to fabulous Waterfront Estates.

 

Generally speaking, home that are more expensive take longer to sell because there are fewer buyers.  However, the real factor is not price but VALUE.  The best value AS PRECEIVED BY THE BUYER is what will sell first.

 

How do you make your home the best value?  Price it right.  In this slow market you have to price under the competition slightly if you are to be a better value.  Or if you are priced the same but your Shelter Bay home is superior is terms of condition of the home, floor plan, age of the home, curb appeal, staging, etc.  Then your home will be perceived by most to be a better value.

 

You might find the following chart interesting: (DOM- Days on Market)

 

Sold
Selling Price Range	Quantity	Average DOM
$140,000 thru $159,999	2	184
$180,000 thru $199,999	4	92
$200,000 thru $249,999	32	106
$250,000 thru $299,999	28	139
$300,000 thru $349,999	29	115
$350,000 thru $399,999	28	120
$400,000 thru $449,999	26	144
$450,000 thru $499,999	11	122
$500,000 thru $549,999	10	148
$550,000 thru $599,999	8	87
$600,000 thru $649,999	4	212
$650,000 thru $699,999	8	124
$700,000 thru $749,999	3	210
$750,000 thru $799,999	3	218
$800,000 thru $849,999	2	144
$850,000 thru $899,999	1	4
$900,000 thru $949,999	1	253
$950,000 thru $999,999	1	87
$1,000,000 thru $1,249,999	3	59
$1,250,000 thru $1,499,999	1	218
$1,500,000 thru $1,749,999	1	243
$1,750,000 thru $1,999,999	1	292
	207	129

Please look for more posts on www.AnacortesRealEstateBlog.com for information on Skagit County real estate, specifically information on Anacortes Real Estate, La Conner Real Estate and Guemes Island Real Estate. If you would like a market evaluation, please click here or call any one of the agents listed below.  If you would like help searching for a home, please email or call.  We can also help find a lender with a loan that is right for you!

 

Jean Groesbeck  (360) 941-3734

Linda Harris  (360) 202-8888

Jessica Nortaro  (360) 202-1441

 

©Jean Groesbeck 2008 All Rights Reserved.  All posts on this blog may be time sensitive.  The above information has been compiled from the NWMLS.