Posted on September 23, 2011 - 08:06 AM
by Cathy Miles
just ask cathy...
As you head out into the real estate market this weekend to take advantage of the
great buyer's market we are currently in, you might want to take a step back and get a good overview
of the current Burlington single family home market. Right now we have 125 single family homes
for sale with an additional 36 that are currently pending. In the last 6 months we have had 121
home sales with the median listing price of $159,988 and a median sale price of $155,300. Take
note of those last two numbers and you'll see that there is about a $5,000 spread between the market asking price and the final sales numbers. If you compare this spread to the Florence market you'll notice that there is less spread in the Burlington market. Know this short $5,000 spread exists in this market to help you with your purchase negotiation, which means that if you try a larger spread, you just might miss out on your desired property to the next bidder!
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