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Answers (8)
Best Answer
- Pacita Dimacali
- Contributions:1254
If you'll tell me what kind of property, and the configuration, square footage if possible, I can send you a chart showing the trends.
For example, this chart shows that in 3Q10, for detached single family homes, the average days on market is 34 days before an offer is accepted. But that's for ALL of Oakland.
For example, this chart shows that in 3Q10, for detached single family homes, the average days on market is 34 days before an offer is accepted. But that's for ALL of Oakland.
- Antoine Pirson, "aepirson"
- Contributions:94
Price is only ONE of the elements that determine the sales process. There is also, the condition, the location, the econimic and functional situation, and the terms of the sale.
As you can see, even in the same zipcode, that could be a very different outcome.
You need to work with an agent to get that information in detail for it to make sense.
You can always contact me.
Antoine
As you can see, even in the same zipcode, that could be a very different outcome.
You need to work with an agent to get that information in detail for it to make sense.
You can always contact me.
Antoine
- Simon Mills, "Mills Realty"
- Contributions:1858
There are many other factors that determine the time it takes to get an acceptable offer, but if you home is exposed to the market property and you don't have an offer within the first 14-days then most likely you are overpriced.
- Pacita Dimacali
- Contributions:1254
For the macro-view, I used zip code 94619 for minimum 2 bedroom, 1 bath, detached family home, between 900-1300 sq ft of living space. It's not easy to read, but here are the details:
3Q 2010 - days on market (DOM) is around 40 days. it trended upwards since the beginning of the year when the home buyer tax credits were still offered.
.
There are other charts you may want to know about (I can email these directly to you so that you can get clearer details if you want).
For 3Q 2010, using the same criteria for the search, the median for sale is $254K, and the median sold is $310K. Actually, this is quite surprising, given that Redwood Heights is a desirable area. For the purposes of this view, I can only go by zip code. If you need a more in-depth analysis, it will take a different approach (like a Comparable Market Analysis - CMA).
In 3Q 2010, there were 15 properties sold, of which 60% were bank-owned that directly competed with regular sales.
As the others have said, a lot of it will depend not only on the price but also the condition, curb appeal, amenities --- and if it's a regular sale versus a short sale or foreclosure.
- L.L.A.
- Contributions:7
Hello Pacita,
The area is the Thomas Brothers Grid 650f4 area in Redwood Heights? A 2 bedroom 2 bath home with approximately 1129 sq ft. I would appreciate an average DOM for this area. Thank you for your time.
Thank you
The area is the Thomas Brothers Grid 650f4 area in Redwood Heights? A 2 bedroom 2 bath home with approximately 1129 sq ft. I would appreciate an average DOM for this area. Thank you for your time.
Thank you
- L.L.A.
- Contributions:7
The area is the Thomas Brothers Grid 650f4 area in Redwood Heights?
- Andrew Quezada, "andrewq88"
- Contributions:1
The graph below is an excellent resource. The key is getting market exposure for your property. The amount of marketing effort is put into the property can greatly influence the time it will take to get an offer. A great tool that has been effective for my team is to notify the neighbors on the entire street of the sale.
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Price is only one element of the draw to buy your home. But, how do you know your home is priced right? What is the condition of your home as compared to your competition on the market? What is happening in your market/neighborhood, relative to your specific home? Have you updated your kitchen & bathrooms? These are just part of the issues to consider. I suggest you talk to some Realtors, unless you already have one, to obtain their local input.
If priced correctly, what would be an average number of days to get an offer for sale of property?
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