Yes, I think it is properly priced, to answer haha’s comment on yesterday’s post. The market will tell me whether I am right or not. Make an offer and we will find out! A little history for those who haven’t been reading previous posts. Tuesday, I wrote The Tale of Two Fliers which compared the previous listing flier to our flier. The house was on the market 183 days with an initial listing price of $824,950. We listed it on Tuesday for $699,000.
I just ran a new CMA on the property (Comparative Market Analysis). Basic search criteria: $600k-$900k, under 4000SQFT, with in a .5 mile radius of 8549 NW Ryan Forest Park as the elementary school, and active, bumpable, pending and sold since 1/1/08. The whole report can be viewed here. As a PDF, the interactive map and picture scrolling won’t work, sorry.
8549 NW Ryan is priced at an average of $200/SQFT (the second lowest of the actives and just a little higher than the overall average of $193. It is 2000 construction versus an average of 1997 for the actives and 1996 for the overall average.
Take days on market with a grain of salt. The report shows us as being on the market three days but it was listed for 183 previously. I have not looked at the history of the others. The DOMs reported are for the current RMLS numbers. See yesterday’s post regarding refreshing RMLS numbers. A change in agents requires a new RMLS number.