The most important factor in selling your home for its maximum potential sales price is pricing it correctly to begin with, when it first goes on the market. This is a statistical fact. The most showings for your home will occur in the first 2-3 weeks of your listing (also a statistical fact).
For this month’s discussion, I have chosen to have us look at the impact of home prices on “days on market” (time from MLS listing to close) and I have customized the Cromford Report data to show all of Scottsdale home sales onto 2 charts, bifurcated by price range.
Condos are truly a hybrid animal in Real Estate ownership. You don’t own the property your home sits on, but you do own the actual building that makes up your unit and as such, receive title, fee simple (to the inside walls, at least:).
The contract ratio can be an accurate indicator of the market’s health and understanding it can give you a clearer picture on when to buy.