It Certainly is a Wild Time for Holland Real Estate.  Wild for both buyers and sellers right now!  6/15/08-7/15/08 Let’s look at the stats for Holland Homes on the Northside and Southside.

·         New homes for sale

147

Avg Asking Price 192k

Avg Days on Market 16

·         Homes Pending Sales

57

Avg Asking Price 129k

Avg Days on Market 96

·         Sold Homes

55

Avg Selling Price 159k

Avg Days on Market 103

·         Homes removed from market

29

Avg Asking Price 148k

Avg Days on Market 157

·         Homes with tough luck (it takes luck with other agencies) - Expired

77

Avg Asking Price 294k

Avg Days on Market 214

Time to analyze this data…If you’re asking 15% more than recent sales expecting to see buyer’s lob up an offer, picture yourself as a buyer…Would you do that?  Or would you find homes in your price range and negotiate with those?  As you see the average unlucky owner is asking double what homes are selling for, and 50% more than what new homes on the market are being listed at.  It’s not a science, price always matters, it always has…So you're home is not worth what you paid for it?   Big Deal! Neither is your car, your cell phone, your tv, your clothes, your groceries in your fridge.  Step up to the plate and drop the price, sell it, and move on!

Someone told me yesterday that prices matter more now than they did years ago.  Really?  This is America, Price has always been #1, opinions of home values are a distant 2^nd.  PRICE it RIGHT!

Someone else told me Monday after staying at the same unsold price for over 1yr, that they are selling only to make money so they need not drop the price…Everybody has to sell to make money!  Otherwise every home would be $1. PRICE it RIGHT!

Take the time to review your CMA, accept the wisdom of those around you who said "we dropped the price and it sold"  and PRICE it RIGHT the first time, you'll earn thousands in the end!