Coral Gables Ultimate Residences....Ultimate Service

MELISSA BASSETT, PA

Coral Gables For Sale vs. Sold Report

  CORAL GABLES SINGLE FAMILY ONLY - ALL PRICE RANGES

What Does For Sale vs. Sold Report Do?

It helps determine the trend of market supply and demand using fifteen months of information.

It helps determine whether the current market is a seller or buyer market.

It helps determine the minimum length of the listing period.

It helps identify which price range the majority of the properties are in, within a given area.

It helps focus on where the buyer's activities are and the market condition in those areas.

How to Use For Sale vs. Sold Report?

Use with Average Price Per Sqft Report to set competitive listing price.

Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.

A download trend of listing inventory and an upward trend of the number of homes sold indicates the seller is in a better negotiating position.

An upward trend of listing inventory and a downward trend of the number of homes sold indicates the buyer is in a better negotiating position.

You Should Know

The homes sold figures are derived from recorded transactions.

Current monthly sold figures might be adjusted upward on the next month's report. This is to account for any closed transactions that are reported late.