Date post: | 06-Apr-2016 |
Category: |
Documents |
Upload: | rick-valcourt |
View: | 222 times |
Download: | 0 times |
Researched and prepared by
Rick Valcourt
Prepared exclusively for
Phil England
Prepared onNovember 06, 2014
Rick Valcourt Century 21 Prestige Real Estate
635 Branion Drivewww.MyCandleLake.comPrince Albert, SK [email protected]
Subject Property
2834 Dunn Drive
Prince Albert, SK
S6V2R9
November 06, 2014
Market Analysis ExplanationThis is an explanation and overview of this market analysis.
This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.
This market analysis is divided into two categories:
1. Comparable homes that are currently for sale2. Comparable homes that were recently sold
Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home.
Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.
This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
This section summarizes the comparable listings contained in this market analysis.
Summary of Comparable Listings
Address Sale Price SQFT Age DOMACTIVE Listings
S=List Date
3029 Erickson Cres $264,900 1977 07/22/2014 10712143308 Grey Owl Cres $274,900 1979 09/23/2014 448543103 Grey Owl Cres $279,900 1979 08/27/2014 7110363344 Dent Cres $309,900 1982 09/05/2014 6211801356 Musk Road $329,900 1978 10/27/2014 1010803111 Dunn Drive $339,000 1979 10/22/2014 1512881032 Wyllie Cres $339,900 1976 08/19/2014 791764
Averages: 1202 1979 55$305,486
Address Sale Price SQFT Age DOMCONDITIONAL SALE Listings
S=Off Market
831 Conroy Place $339,900 1979 01/10/2015 271954Averages: 1954 1979 27$339,900
Address Sale Price SQFT Age DOMSOLD Listings
S=Sold Date
1031 Wyllie Cres $253,000 1976 09/05/2013 3731126970 Sanderson Cres $260,000 1977 02/14/2014 14211361424 Lacroix Cres $260,000 1978 08/26/2014 8511961031 Woodman Cres $260,000 1977 07/02/2014 1313722894 Dunn Drive $265,000 1977 04/12/2014 17711441374 Lacroix Cres $265,000 1978 12/12/2013 3510003111 Dunn Drive $285,000 1979 08/09/2013 231288868 Conroy Place $289,900 1979 01/27/2014 3219603283 Grey Owl Cres $297,000 1979 11/04/2013 359112853 Wyllie Cres $300,000 1976 09/10/2013 391112
Averages: 1225 1978 95$273,490
$282,450$289,622
Median of Comparable Listings: Average of Comparable Listings:
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
This section summarizes the comparable sold listings in this market analysis.
Table Summary of Comparable Solds
Address List Price
SOLD ListingsSale Price
$ ChangeList Price to
Sold Price Sold Date DOM
% ChangeList Price toSold Price
1031 Wyllie Cres $259,900 $253,000 $-6,900 09/05/2013 373-2.65%
970 Sanderson Cres $269,900 $260,000 $-9,900 02/14/2014 142-3.67%
1424 Lacroix Cres $269,900 $260,000 $-9,900 08/26/2014 85-3.67%
1031 Woodman Cres $268,500 $260,000 $-8,500 07/02/2014 13-3.17%
2894 Dunn Drive $279,900 $265,000 $-14,900 04/12/2014 177-5.32%
1374 Lacroix Cres $269,900 $265,000 $-4,900 12/12/2013 35-1.82%
3111 Dunn Drive $289,900 $285,000 $-4,900 08/09/2013 23-1.69%
868 Conroy Place $299,900 $289,900 $-10,000 01/27/2014 32-3.33%
3283 Grey Owl Cres $308,900 $297,000 $-11,900 11/04/2013 35-3.85%
2853 Wyllie Cres $309,900 $300,000 $-9,900 09/10/2013 39-3.19%
AverageMedianMinimumMaximum
$282,660$274,900$259,900$309,900
$273,490$265,000$253,000$300,000
$-9,170$-9,900
$-4,900
95 37 13 373
-3.24%-3.26%
-1.69%-5.32%$-14,900
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
Summary of Comparable ListingsThis page summarizes the comparable listings contained in this market analysis.
November 06, 2014
Address Price SQFT Age DOMACTIVE Listings
S=
List Date
3029 Erickson Cres $264,900 1977 07/22/2014 10712143308 Grey Owl Cres $274,900 1979 09/23/2014 448543103 Grey Owl Cres $279,900 1979 08/27/2014 7110363344 Dent Cres $309,900 1982 09/05/2014 6211801356 Musk Road $329,900 1978 10/27/2014 1010803111 Dunn Drive $339,000 1979 10/22/2014 1512881032 Wyllie Cres $339,900 1976 08/19/2014 791764
Averages: 1202 1979 55$305,486
Address Price SQFT Age DOMCONDITIONAL SALE Listings
S=
Off Market
831 Conroy Place $339,900 1979 01/10/2015 271954Averages: 1954 1979 27$339,900
Address Price SQFT Age DOMSOLD Listings
S=
Sold Date
1031 Wyllie Cres $253,000 1976 09/05/2013 3731126970 Sanderson Cres $260,000 1977 02/14/2014 14211361424 Lacroix Cres $260,000 1978 08/26/2014 8511961031 Woodman Cres $260,000 1977 07/02/2014 1313722894 Dunn Drive $265,000 1977 04/12/2014 17711441374 Lacroix Cres $265,000 1978 12/12/2013 3510003111 Dunn Drive $285,000 1979 08/09/2013 231288868 Conroy Place $289,900 1979 01/27/2014 3219603283 Grey Owl Cres $297,000 1979 11/04/2013 359112853 Wyllie Cres $300,000 1976 09/10/2013 391112
Averages: 1225 1978 95$273,490
$282,450$289,622
Median of Comparable Listings: Average of Comparable Listings:
On Average, the 'Sold' status comparable listings sold in 95.40 days for $273,490
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
Table Summary of Comparable SoldsThis page summarizes the comparable sold listings in this market analysis.
November 06, 2014
Address List Price
SOLD ListingsSale Price
$ ChangeList Price to Sold Price Sold Date DOM
% ChangeList Price toSold Price
Wyllie Cres $259,900 $253,000 $-6,900 09/05/2013 373-2.65Sanderson Cres $269,900 $260,000 $-9,900 02/14/2014 142-3.67Lacroix Cres $269,900 $260,000 $-9,900 08/26/2014 85-3.67Woodman Cres $268,500 $260,000 $-8,500 07/02/2014 13-3.17Dunn Drive $279,900 $265,000 $-14,900 04/12/2014 177-5.32Lacroix Cres $269,900 $265,000 $-4,900 12/12/2013 35-1.82Dunn Drive $289,900 $285,000 $-4,900 08/09/2013 23-1.69Conroy Place $299,900 $289,900 $-10,000 01/27/2014 32-3.33Grey Owl Cres $308,900 $297,000 $-11,900 11/04/2013 35-3.85Wyllie Cres $309,900 $300,000 $-9,900 09/10/2013 39-3.19
AverageMedianMinimumMaximum
$282,660$274,900$259,900$309,900
$273,490$265,000$253,000$300,000
$-9,170$-9,900
$-4,900
95 37 13 373
-3.24-3.26
-1.69-5.32$-14,900
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
Minimums and MaximumsThis page summarizes key fields of the listings in this analysis.
November 06, 2014
Priced between $259,900 and $339,900
3 to 5 Bedrooms
Built between 1976 to 1982
854 to 1,960 Square Feet
The listings in this analysis can be summarized as follows:
2 to 4 Bathrooms
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
List Price and Sale PriceThis graph illustrates the list price, along with sale price in Sold listings.
0.0K
100.0K
200.0K
300.0K
400.0K
500.0K
600.0K
700.0K
1031
Woodman
CRES
1031
Wyll
ie CRES
1032
Wyll
ie CRES
1356
Musk
ROAD
1374
Lacro
ix CRES
1424
Lacro
ix CRES
2853
Wyll
ie CRES
2894
Dunn D
RIVE
3029
Ericks
on CRES
3103
Grey
Owl C
RES
3111
Dunn D
RIVE
3283
Grey
Owl C
RES
3308
Grey
Owl C
RES
3344
Den
t CRES
831 C
onroy P
LACE
868 C
onroy P
LACE
970 S
anders
on CRES
Sum of List PriceSum of Sale Price
Address
Pric
e
Price Graph
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
Number of Days On MarketThis graph illustrates the number of days on market for the listings in this analysis.
0
50
100
150
200
250
300
350
400
1031
Woodman
CRES
1031
Wyll
ie CRES
1032
Wyll
ie CRES
1356
Musk
ROAD
1374
Lacro
ix CRES
1424
Lacro
ix CRES
2853
Wyll
ie CRES
2894
Dunn D
RIVE
3029
Ericks
on CRES
3103
Grey
Owl C
RES
3111
Dunn D
RIVE
3283
Grey
Owl C
RES
3308
Grey
Owl C
RES
3344
Den
t CRES
831 C
onroy P
LACE
868 C
onroy P
LACE
970 S
anders
on CRES
13
373
7910 35
85
39
177
10771
38 35 4462 27
32
142
Address
Days On Market
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
ACTIVE Listing Details
November 06, 2014
3029 Erickson Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
321,214
1977
ACTIVE07/22/2014P1 Prince Albert$264,90007/22/2014107
Basement has 2 pc bath in utility room. Garage inside measurement is 18.11 x 21.5. Deck off dining room, central air conditioning, central vac.
3308 Grey Owl Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
32854
1979
ACTIVE09/23/2014P1 Prince Albert$274,90009/23/201444
Well priced home in Carlton Park, an excellent area of Prince Albert, near green space, walking trails & schools. this 4 level split features 3 bedrooms & a den, 2 bathrooms, central air conditioning, central vacuum, a single detached garage & a private fenced back yard with plenty of mature trees. Many renovations done through-out & newer appliances are included. This home shows well.
**renters in place - 24 hours notice please**
3103 Grey Owl Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
321,036
1979
ACTIVE08/27/2014P1 Prince Albert$279,90008/27/201471
Great Carlton Park raised bi-level with walkout basement. This 1036sq/ft, 3 bedroom, 2 bathroom home features many upgrades such as both bathrooms, flooring, trim, paint, shingles, water heater & newer treated deck. Double attached garage with direct access & large fully fenced lot. Great property, great location, great price. Don't miss out on this one!!
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
ACTIVE Listing Details
November 06, 2014
3344 Dent Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
421,180
1982
ACTIVE09/05/2014P1 Prince Albert$309,90009/05/201462
Renovated & upgraded bi-level on beautifully landscaped corner lot. Located in quiet Carlton Park area, close to a family friendly park, Rotary Trail & walking paths. The tiled front foyer welcomes you to this tastefully decorated, move-in ready home. Spacious living room features stunning dark Quebec maple hardwood floors & cozy wood burning fireplace with modern tile surround. Lots of space for entertaining with both a formal dining room & spacious eat-in oak kitchen with pantry. Large three season sunroom with small bbq deck right off kitchen and overlooking the immaculate backyard. Master bedroom features a full ensuite bath. Two additional bedrooms & full bath on the main. Upgraded flooring throughout the main. Fully finished basement features lots of natural light, nice sized rec room, oversized bedroom, den, laundry room/storage, workshop with cool room & a hobby room with roughed-in plumbing for easy conversion to an a 3 or 4 piece bath. Tons of storage throughout home, ample storage under sunroom & storage shed outside. Private fenced yard with mature landscaping. Double concrete drive, room for a garage. All appliances included. Steam washer & steam dryer. Energy $100
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
ACTIVE Listing Details
November 06, 2014
1356 Musk Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
321,080
1978
ACTIVE10/27/2014P1 Prince Albert$329,90010/27/201410
Awesome family home situated on a nice quiet street in Carlton Park. Boasting a dream kitchen with Dark maple cabinetry, quartz counters and professional grade stainless appliances. Dining room features patio doors to the yard and a wall of cabinets to fulfill all of your storage needs. Both kitchen and living room have an abundance of natural light. On the second level you will find 3 bedrooms, the master featuring a 2 pc path and walk-in closet. Also on the 2nd level the main bath has been updated and features newer tile floors. The third level features a large family room area with a large stone encased wood burning fireplace. The lower level has plenty of storage, laundry room, rec room area and is roughed in for an additional bath. In addition to these great features, the home has had recent updates in and out, as well as newer PVC windows and doors, gutters etc. A large concrete drive offers plenty of parking and leads to a 24x24 detached garage, which is insulated and has a newer 7x16 door. Don't miss this one!
3111 Dunn Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
531,288
1979
ACTIVE10/22/2014P1 Prince Albert$339,00010/22/201415
Completely finished bungalow home in a beautiful mature neighbourhood of Carlton Park near by schools, community centre and parks. Private yard with beautiful trees and large crab apple tree. 2 backyard entrances. Room to park boat on right side of the home. Spacious driveway, can park up to 6 vehicles plus 2 in attached garage. Home has wood fireplace and beautiful sky light ceilings. Spacious master bedroom with walk in closet and Jacuzzi tub. Built in water sprinkler system. Basement furniture included! Average power $160 and Energy $120. Dog kennel does not stay.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
ACTIVE Listing Details
November 06, 2014
1032 Wyllie Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
531,764
1976
ACTIVE08/19/2014P1 Prince Albert$339,90008/19/201479
Ideal for a growing family, this 1764 sq ft two-storey home in desirable Carlton Park neighbourhood is within walking distance to parks, elementary schools and a high school. Bus stop right outside the front door! This home defines immaculate and has been completely upgraded with new flooring, paint, doors, furnace and more. New kitchen features a granite sink, ample storage and opens onto the large dining room with built in cabinetry. The front living room includes large windows providing natural light, and the rear living rooms provides a spot to relax by the fireplace. 4 bedrooms and a full bath complete the second floor. Fully finished basement with a rec room, bedroom with computer desk, bathroom and lots of storage space. Maintenance free exterior with newer siding, windows, doors, soffits, eaves, fascia and shingles. Attached garage with direct entry. Park like back yard surrounds you with lush grass, lilacs, apple trees, and a pond. Entertain on the large deck with a hot tub and gazebo. This is a rare find with two many features to list.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
SOLD Listing Details
November 06, 2014
1031 Wyllie Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
321,126$253,0001976
SOLD08/28/2012P1 Prince Albert$259,90008/28/2012373
Ideal family home in quiet Carlton Park neighbourhood. Spacious living area. Combined kitchen and dining with tons of cupboard space. Two plus one bedrooms, one and a half baths. Cozy sitting area downstairs. Garden door to deck overlooking private completely fenced yard with covered patio and storage shed. Direct entry to 22' by 24' wired garage. New furnace in October, 2011. Shingles 3-4 years old. East side of fence will be replaced 2013.
1031 Woodman Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
421,372$260,0001977
SOLD06/19/2014P1 Prince Albert$268,50006/19/201413
Spacious 3+1 bedroom bungalow on huge pie shaped lot backing onto park. Very well maintained home with large rooms & loads of windows off living/dining room overlooking back yard & park. Large kitchen/eating area with patio doors to deck. New furnace (EEF) in 2009 and water heater new in 2007. Developed basement with huge rec. room & games room. Great family home. Average Energy is $90.00/mth
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
SOLD Listing Details
November 06, 2014
970 Sanderson Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
431,136$260,0001977
SOLD09/25/2013P1 Prince Albert$269,90009/25/2013142
Well maintained bungalow in Carlton Park. Spacious open kitchen and dining room with oak cabinets, built in dishwasher, lots of windows and light, 3+1 bedrooms and 2 full bath plus ensuite- 2 pce bath. New windows throughout, central air, EFFurnace 2005, air exchanger, new siding, insulation, windows, doors in 2006. Double detached garage wired and insulated, underground sprinklers front, covered deck, raised bed/fenced yard. close to schools, great neighborhood. power 107. energy 65
1424 Lacroix Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
531,196$260,0001978
SOLD06/02/2014P1 Prince Albert$269,90006/02/201485
Large 1192 sq/ft, 3+2 bedroom bungalow with single attached garage on pie-shaped lot in nice Carlton Park area of PA. This home features 3 bathrooms, large eat-in dining area, fully developed basement, upgraded high efficiency furnace, central air & more. This is a great family home in a super area. Priced to sell bring offers.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
SOLD Listing Details
November 06, 2014
1374 Lacroix Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
421,000$265,0001978
SOLD11/07/2013P1 Prince Albert$269,90011/07/201335
Well kept 4 level split in desirable Carlton Park location. 1000 square feet on top two floors, built in 1978. Large corner pie shaped lot nearly a quarter acre in size. Beautiful, fully fenced back yard with underground sprinklers and ground level deck. Interior is in great shape. Main floor includes a new kitchen with stainless steel appliances that opens onto the dining room and living room. Second level includes three bedrooms and a 4 pc bathroom. Third lower level includes a rec room, bathroom and bedroom. And fourth level is complete with a rec room and utility room. Newer paint and flooring throughout home, new furnace, water heater, air conditioner and front living room window. All bathrooms have been renovated. This is a move in ready home that will sell quick!
2894 Dunn Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
321,144$265,0001977
SOLD10/17/2013P1 Prince Albert$279,90010/17/2013177
A great family home in a super area! Many upgrades include: new PVC windows, furnace replace 2012, Van EE air exchanger, new eaves & soffits, new oak kitchen & new garage door. Very detailed landscaping with mature trees & garden area. Fully fenced with patio doors leading to deck & backing onto park. Average energy $71. Power $122.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
SOLD Listing Details
November 06, 2014
3111 Dunn Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
431,288$285,0001979
SOLD07/17/2013P1 Prince Albert$289,90007/17/201323
Very clean! 3+2 bedroom bungalow in Carlton Park neighborhood. Upgrades include windows, doors, paint, hot water tank, air conditioning, bathroom, some flooring. Large living room with wood burning fireplace, good sized kitchen & dining room with patio doors opening to a covered deck. Skylights through-out main floor. Basement has been updated new flooring, bathroom & paint. Yard is beautifully landscaped with a sheltered patio area separate from deck. Across the street from park. Great family home/
868 Conroy Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
441,960$289,9001979
SOLD12/26/2013P1 Prince Albert$299,90012/26/201332
Beautiful home in great area. This home is perfectly set up for a growing family. 3 bedrooms up and 1 down. 2 living spaces on main floor and huge recreation room in basement. Double attached garage has been recently redone and upstairs master bedroom features a huge en-suite and walk-in closet. Home located on corner of quiet cul-de-sac.
3283 Grey Owl Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
32911$297,0001979
SOLD09/30/2013P1 Prince Albert$308,90009/30/201335
Gorgeous updates to this Carlton Park home. Show home condition... this lovely split level home has 3 bedrooms and 2 bathrooms with a single attached garage, double driveway with RV parking in back yard. Living room, family room and a bonus games or storage area in the lowest level. Kitchen and bathrooms renovated beautifully and new flooring throughout. Appliances are negotiable. Avg Energy $68. Immediate possession available.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
SOLD Listing Details
November 06, 2014
2853 Wyllie Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
431,112$300,0001976
SOLD08/02/2013P1 Prince Albert$309,90008/02/201339
Beautifully maintained home on a quiet crescent in Carlton Park. This 4 bedroom, 3 bath home has the master baedroom and bathroom located on the main floor along with a mainfloor laundry. the yard has been beautifully done and boasts a large deck area. The home backs onto a large green space and is close to several schools.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
This page details the comparable listings contained in this market analysis.
Others Listing Details
November 06, 2014
831 Conroy Bedrooms:Bathrooms:Sqft:SP:Built:
Status:List Date:Area:LP:Listed:DOM:
441,954
1979
CONDITIONAL SALE10/10/2014P1 Prince Albert$339,90010/10/201427
Super 1954 sq. ft. storey and a half on a quiet cul-de-sac in Carlton Park. Large irregular shaped lot. Main floor family room with wood burning fireplace and patio doors to a large deck. Living room and dining room have vaulted ceilings. Main floor laundry and half bath. Large master bedroom with his and hers walk in closets and a 4 piece ensuite! Basement developed with a large rec room, bedroom and bathroom. A very well cared for home with lots of pleasing features! New dishwasher and kitchen flooring. New water heater. Existing surveyors certificate available. Average energy is $62 per month, Power $150 per month.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
The Importance of PricingThis chart highlights the importance of pricing correctly at market value.
This graph illustrates the importance of pricing correctly. The centerline represents market value. As you move above this market value, you attract much smaller percentage of prospective buyers, greatly reducing your chances of a sale. Conversely, as you move below market value, you attract a much larger percentage of potential buyers.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
Activity vs. TimingThis chart highlights the importance of pricing correctly at market value.
This chart illustrates the level of excitement and interest in a new listing over time. It
also demonstrates the importance of pricing correctly. When a property is first listed,
it generates a very high level of interest from prospective buyers, which reduces
dramatically over time. It is important to be priced correctly from the beginning,
during the peak of this curve.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
The Effect of Over PricingThis chart highlights the importance of pricing correctly at market value.
This is the average percentage difference between the Selling and Asking Price by the length of time the home was on the market.
- Put your best foot forward immediately- Establish a competitive asking price- Keep your home in top showing condition- Offer favorable financing terms
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
Setting the PriceThis chart highlights the importance of pricing correctly at market value.
When setting a price for your property, the listing
level must strike a balance between the seller’s need
to achieve the best-possible return and the buyer’s
need to get good value. With many years of
experience, a professional Real Estate Agent can help
you set a price that will accomplish both objectives.
Establishing market value
The market value of your property is determined in
exactly the same way as any other commodity – what
a buyer is willing to pay for it in today’s market.
Despite the price you paid originally, or the value of
any improvements you may have made, the value is
determined by market forces.
Look at the competition
Buyers look at about a dozen properties on average
before making an offer on a property. As a result, they
have a good overview of the market and will compare
your property against the competition. If it’s not in
line with similar properties that are available, buyers
won’t consider it good value for money.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
November 06, 2014
The Pitfalls of OverpricingThis chart highlights the importance of pricing correctly at market value.
Overpricing your house in
the belief that you can
reduce the price back later
is a strategy that can
backfire badly. For
example, by the time you
reduce your price, you may
miss out on a surge of
interest in properties like
yours. Also, if prices are
lowered, buyers may
wonder if there’s
something wrong with the
property that kept other
buyers away. So to keep
from selling your property
at below market value and
from wasting valuable
time, don’t fall into the
overpricing trap.
Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444
��������������� ������������������������������������������������
������������������������
����������������������������� !�����������������"#$%������&��'�!�����(�)�����������������"���*
!����+!����+#,"-*",-"./$���� +��� � +#,"-*",-"./$0��+0��+#,"-1"#-,,, �����+����� +������������2����3���4�)����+4�)����+���3������������3���
5���)���3���6����6����-������-!�����-
(�)���-(���-
�����������7������6 �#**.#� ,/1�*
�������3���6�������
��������3���6���5���6'���8
��9#,",� *,/:���9��';��������'�;��);���5���;���
����3����3���6�6,6 $,"1$"",*�"�/$,1 /.6�����
<��������������������5��
��������������������
��������������5����3
=���������������������'������������
���)������34��������������������
��������������������������5�����������
����������������������5�����5��
�������������)��������������)�����3
&�����������������5�, #���������5
�'����������)��������������)��
5���������������8=����������
������������������������������
�'��5������3
=�����)���5)����������������������
��5��������������������������������3
=�����55��������������������������-
�������������������3=��������5���
��)�������3(��<��'�)����)����
�������5��������)���������5��������
����<���)���������������������
�������5������������������3
>���7�����4���?�'��@� ��������
�������������� ��� �������������������
�������������� ��� ������ ����� ��������������������������������������������
��������������������������� �� ����
��������������� � ��������������������� �����
�����������
�
�
�
=����)�����)�5��������������������'�������������5������
��������������A�)������������'������30�����������<A'�
������������������5���������������'�)���������������
��������������������)��������������<����������������
����������'���B�������������������������5�����5������)�����
'����55����'���3
<��)����)���!�����(�������)���'����������������������������5����������������
������������������������������������������'���������������)3=������'�������������
��'����������������������)���������������������������������)������������'��$,�5
���)������������������������������������������=������C�����>������D������������
����3
=��������������������'������������������������������������������<)�������
�����5�����������������������������)����������55�������������������������������
�����'��3
>���7�����(�'��������'��������
������������� ��������
<��������������������
��)���������������������
��������)�����������?����
(��������������������
�����'����'��������)����
������B������������
E���3>���F����3���G�����
�����������-����������
�����������������������
<�5����������������5�������
5���������������)�����3
�����������������������
?����������<��������������
����������������'��H�������
������I���������@�����
>����������?�<��������
���������������������
������-�����5�������������
������!�����F�����C�����
=��������D�����3<�����<��'�
���������'��$,��������
�����������������������
�������������)����������3
�������������
<������������-B������
�������������������
����������������5����������
�����������������)�������
������'������5�������)�����
�������5�������������
)�����3<�5����/$J�5����-
)�����'�����������������
�������������5�������5�
��������'���������� 3
>���7�����@���0����C�����
�
�����������
4���A����)�����84������A�������K������������������������������)����������������
���������������������'����������������)����������������������������������
�����������B������)���������3
����������
<�������������������5B��������������������������������������������������)����
��������������������������������3
�������������
%�����������5��������3=���A������������K����A�����������������5��������������)����
��L����������3����������5������������5���������)����������������<����'��������
��5���������������)��3?������������������������������������5�����������������
������������B�������)�����������������������������333�����������������������������5���
���)��������5�����3
��������������
?�����������������)��������������3=���A������5���A�������������<���)����������
������������5���������������������������������������3>������'������'������
�����������������������������������'����������������������������3
����������
����������������������@������������������������������'������������������������
5������������������������������������������'���5���5��������������������������
�������3
����<�5����������(������%�����
=����A�)������������������-5����������������������������
��B����������������������������������������������
��������'��5������-������)����3?������������)�������������
�������������������A�)����������������������������)�����-
���-��������5�����������������������������������������3
������������������������������)��)�������
���������������5���������������'��������
'�������3=������������<������������'�
��M����5������)�����������������5��
��������5���������������55����3(�����
��<��'���������������������������������
)�������������������������������)�����3
����5���������5���������������������������������
)���������������������������������<
����������������5�����������������������
�������������������'�����������)����
�������������'�������5����������3
����)��������)�����������)������������
����5�����������������������������������
�������5���������������������������
�������������B������)�����3=������������
<���)����������������������)���������
������������������)�����3
����'���������'�����������������������������<
���������������������������55����'�����
�����)����������'��������'����)�������
���������)������������)��3<�������
����������'���������������������
�������������������3<��'������������
<��������5��������������������
��'�����3
=�����%�����������F���%�����