WELCOME BURLINGTON BUYERS AND SELLERS!
Let's take a look at how the September single family home inventory is stacking up for the Burlington KY area. Today, 9.11.2012, we currently have 105 homes for sale in Burlington with the average median list price of $147,950. The average days on market expectation for these homes before they sell is now at 82 days, so sellers take note. We also should point out that there are currently 39 Burlington sales pending right now, with an average sale price of $159,000 and an average days on market of 86.
The true litmus test for predicting marketing analytics is found in Burlington homes that have sold in the last 6 months. These are the homes that the appraisers are looking for as new comparatives to rank new appraisals in the market. So if we take a look at the solds for the area, we find that 133 Burlington homes were sold within the last 6 months with an median list price of $123,900 and a median sale price of $118,000. That means the spread between asking and final sales price is 4.8%...something to note if you are buying or selling in Burlington these days! So if we consider the current median list price of $147,950, we find that can translate into a spread as much as $7,100.
If you are a seller, your best plan is to price your home right and you will stay competitive with the other sellers in this area. If you are buying in this area, then consider your offer carefully and be aware of the current elasticity in the market. Just remember that there are plenty of buyers out there as the market inventory is slowly getting less and less, so your offers will need to be your highest and best. Many times we even have buyers over bidding on popular properties. Best to consult with your favorite agent to obtain comps on the area to help you with your best offer.
Would you like to see what homes are available today? Just check below for the most current listings. For any of your real estate questions, just ask Cathy today. Happy Home Hunting!!
Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions.
★NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
★CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®
I specialize in empowering buyers and sellers to make sound decisions in all their real estate transactions
in Northern KY and in Cincinnati, OH. With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible real estate market!
just ask cathy...513.673.7726 firstname.lastname@example.org
Helping to educate buyers & sellers to make sound real estate decisions.
KY & OH Realtor® / EXIT Realty / www.mileshometeam.com (KY) / www.just-ask-cathy.com (OH)