Comments on: Vancouver Real Estate: Where Priced Right Really is Half Sold http://www.clarkcountyhomeblog.com/real-estate/vancouver-real-estate-where-priced-right-really-is-half-sold A look at life, home and real estate in and around Clark County Sat, 31 Jan 2009 03:42:58 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mitch Canton http://www.clarkcountyhomeblog.com/real-estate/vancouver-real-estate-where-priced-right-really-is-half-sold/comment-page-1#comment-30 Mitch Canton Tue, 30 Dec 2008 02:07:19 +0000 http://homesights.wordpress.com/?p=403#comment-30 Hi Kimberley, Thanks for your question. I had sent you an email separately, but I also wanted to mention some primary points here in the comments. Also, I was so intrigued by the numbers that came out of my analysis that I will be expanding on this question in an upcoming blog post. First, subjectively speaking, its likely more important to price it right in the higher price range, as there are fewer buyers in that price range. The data analysis bears that out and I'll go into detail in the upcoming post. But as a appetizer, an initial data review also shows that its true, as sellers in the 400K+ price range with a minor price adjustment sold AS QUICKLY as those in the 200-400K range; but those in the 400K+ range that had to make larger (>6%) adjustments took over 78% LONGER to actually sell than those making the same (>6%) adjustment in the 200-400K range. Thanks again for your question. Hi Kimberley,

Thanks for your question. I had sent you an email separately, but I also wanted to mention some primary points here in the comments.

Also, I was so intrigued by the numbers that came out of my analysis that I will be expanding on this question in an upcoming blog post.

First, subjectively speaking, its likely more important to price it right in the higher price range, as there are fewer buyers in that price range. The data analysis bears that out and I’ll go into detail in the upcoming post.

But as a appetizer, an initial data review also shows that its true, as sellers in the 400K+ price range with a minor price adjustment sold AS QUICKLY as those in the 200-400K range; but those in the 400K+ range that had to make larger (>6%) adjustments took over 78% LONGER to actually sell than those making the same (>6%) adjustment in the 200-400K range.

Thanks again for your question.

]]> By: Kimberley http://www.clarkcountyhomeblog.com/real-estate/vancouver-real-estate-where-priced-right-really-is-half-sold/comment-page-1#comment-29 Kimberley Sat, 27 Dec 2008 04:08:09 +0000 http://homesights.wordpress.com/?p=403#comment-29 Hi, your data re: home pricing was especially intriguing in this market. Can you tell from your data if it holds across all price ranges? In other words, is a well priced home in the $400k range as likely to sell reasonably quickly as a well priced home in the $250k range? Hi, your data re: home pricing was especially intriguing in this market. Can you tell from your data if it holds across all price ranges? In other words, is a well priced home in the $400k range as likely to sell reasonably quickly as a well priced home in the $250k range?

]]>