www.SoldByDebe.com Offered at $495,000 4914 Kuykendall Road Offered at $479,900 218 Sardis Lane Offered at $485,000 4920 Kuykendall Road Let’s talk The Maxwell House Group Listings and More July 2 0 1 0 Search Charlotte Homes for Sale Active Listings-The Maxwell House Group www.SoldByDebe.com Charlotte Compliments of Debe Maxwell, Realtor®/Broker, CRS Cell: 704.491.3310 Email: [email protected]Offered at $2,149,000 2027 Sharon Lane Offered at $930,000 4800 Carmel Park Drive Offered at $649,000 315 Arlington Ave #2004 Offered at $550,000 305 Hickory Bark Court Offered at $555,000 3420 Maryhurst Lane Under Contract Under Contract
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www.SoldByDebe.com
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Let’s talk The Maxwell House Group Listings and More
July 2 0 1 0
Search Charlotte Homes for Sale Active Listings-The Maxwell House Group www.SoldByDebe.com
Charlotte
Compliments of Debe Maxwell, Realtor®/Broker, CRS Cell: 704.491.3310
Many of the older homes have been revitalized and are simply spectacular. Myers Park Charlotte NC is within walking distance to Freedom Park (which has some of the best lit public tennis courts in the area), Queens University, fine dining, upscale shopping and is only about 3 miles from Uptown Charlotte NC . Homes in Myers Park Charlotte NC have retained their value over the years and historically shown steady but, not over-inflated appreciation. A Myers Park address remains one of the most sought-after in the city! Search for homes for sale in Myers Park. Living in Myers Park Charlotte NC is pure luxury. For listings in the Myers Park or other areas,
Page 8 Let’s Talk Charlotte - Helen Adams Realty Debe Maxwell, CRS
Volume 1, Issue 5
Determine Your Home’s Value Based on Supply and Demand
Absorption rate pricing is a method used to calculate the value of
your home based on the principles of supply and demand.
Today, Appraisers are required to use Absorption Rate Pricing to
determine your home’s worth, so it is important to understand
how the process works.
There are only a certain number of homes that will sell in any
market in any given period of time.
If 12 homes sold in the last 12 months in a given market, that
means that the market will absorb 1 house per month on average.
If there are 10 homes currently on the market, there is a 10 month
supply.
A 6 month supply is considered a balanced market.
Less than 6 months supply is considered a sellers market.
More than a 6 months supply is considered a buyers market.
To calculate Absorption rate, your Realtor® / Appraiser will:
1. Conduct a search for homes sold in the past 12, 6 and 3
months, which are similar to your home in: location, condition,
size, features, amenities and price. From these numbers, they
will calculate the average sales per month (DEMAND).
2. Then, they will conduct a search for all ACTIVE listings of homes
on the market for sale which are similar to your home in:
location, condition, size, features, amenities and price.
3. To calculate the monthly SUPPLY of homes on the market, you
divide the total number of ACTIVE listings (which are similar to
your home) by the average home sales per month.
4. The next step it to rank your home versus the competition in
the categories of: location, condition, size, features and
amenities. This analysis will help determine the best asking
price.
5. Based on the positioning of your home versus the competition
and monthly supply on the market, your Realtor® will be able to
calculate the odds of selling your home in 30, 60 or 90 days.
Debe Maxwell, Realtor®/Broker, CRS
Helen Adams Realty
2301 Randolph Road, Charlotte, NC 28207
704.491.3310 / www.SoldByDebe.com
Search Charlotte Neighborhoods
Charlotte NC Relocation— Search Charlotte Homes for Sale
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