Homes in the 'executive market' price range

Return to article list

A recent cover story in the Burlington Free Press (September 6, 2015) detailed the first half of the 2015 real estate market from the perspective of local real estate agents. There were several interesting points made. One of which is that Realtors 'lump together homes in the $400,000 to $900,000 range and call it the executive market.' 

 

We thought it would be interesting to compare what the realtors are saying about this segment of the market with what Picket Fence has seen in the first half of 2015. The realtors stated that 'The range of that (executive market) is 18 to 20 months worth of inventory.'  So the time to expect to sell a home in the $400,000 to $900,000 price range with realtors is 18 - 20 months.

 

In the first half of 2015 forty-five homes over $400,000 sold through Picket Fence Preview. The range of sales prices was $400,000 to $1,275,000...average was $495,822. Each seller received an average of 98.13% of their asking price. The average time on the market was 40.46 days (range 3 days to 240 days).  So, with realtors expect to wait 18 - 20 months...540 to 600 days to sell vs. 40 days with Picket Fence. For such a 'job well done' you'll reward your agent with almost $30,000 in commissions (the Picket Fence sellers mentioned above saved an average of almost $30,000 each in commissions).

 

Einstein defined insanity as persisting with the same strategy while expecting a different result. Those of you listed with agents can either persist with your strategy and hope, or you can benefit from the experience of others and sell through Picket Fence. Your reward will not only be huge amounts of time saved, you'll also save a small fortune of precious after-tax, in your bank account money.