Happy Monday Everyone,
We hope your week has had a strong start to it. We are going to take some time each week going forward and start analyzing some statistics with you. This week, we decided to start with List Price vs Sales Price. In 2017, the average list price per the Marco Island Multiple Listing Service is $621,233. The average sales price is $578,656 which means that the list/sell ratio is 93.1%. How does this measure up to recent years?
2013: 92.6%
2014: 94.0%
2015: 94.1%
2016: 93.0%
So what does this mean? To us, it shows that when sellers list their properties at a price to sell, then buyers are willing to pay near full price for their new property.
Looking for more information? Contact us today.
