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What is the average length of time a home is on the market in zipcode 89145

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May 19 2012 - Charleston Heights
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Answers (3)

Remember, these Days On Market I'm providing you spans from the time the property is listed to the time it closes escrow, including time processing contingencies.

The Median non-short sale home's Days On Market in 89145 is 36 days.

The Median short sale home's Days On Market in 89145 is 75 days. 
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May 21 2012
When a property is priced right it will get an offer within days...however if it's a short sale, the process to close may be lengthy.

I have access to every brokers listing and have the most up to date market reports and comps.
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May 21 2012
Hello User,

With regard to zip code 89145, the average is a bit skewed because a few of the homes that were over 200 days, but there are currently 161 single family homes that are in escrow.  Half of that 161 were on the market less than 26 days before they went under contract.  There are currently 56 homes on the market, half of which have been on the market 32 days or less.  The results are price sensitive.  For instance, there is a home in that zip that is listed at $8,495,000 that has been on the market more than 1288 days.  Obviously that home is over priced.

The real question should be, How long is a home on the market, if it is priced right?  And the answer to that question is, if a home is priced correctly, it is gone within hours of hitting the market.  Our inventories are so low that we are seeing multiple offers within hours of a property hitting the market, and the final price is usually higher than list.  This answer doesn't just apply to 89145, but to the entire valley.  are you asking as a Buyer, or Seller?

Hope this helps.  Best of luck and thanks for reading.
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May 19 2012
 
Related Questions
What is the average length of time a home is on the market in zipcode 89145
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Latest answer by Mark Fleysher, MBA
May 21 2012 | 3 answers
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