Closed out this sale at $31,000 more than the neighbors. And is the top sale Per SqFt of last 10 years.
Closed at $31,000 more than neighbor
Below you will see a list of the top sales of the year per sq foot in this community as of November 2018. The property I listed got the highest price per square foot. Additionally, the neighbor’s house with an equally equipped floor plan (#beds, #baths, Square Footage, etc) listed at the same time closed for $31,000 less. Notice one sale is higher but closed at $28 per Square foot less.
Highest price per square foot in 10 years, 2008 to 2018
Below you will see all sales from May 2nd 2008 to November 2nd, 2018. At the top of the list is the subject property. It got over $10 more per square foot, 8% more than any seller has got in that community in the past 10 years.
Tour this residence
My clients remodelled this home. They bought it off the Multiple Listing Service with me and updated it. You can see the updates they performed and watch a tour video of the property below:
https://keystoaz.com/green-valley-desert-meadows-vivir-remodel/
The unfortunate truth
Top grossing sales raise the value of all the homes in the community. The appraisers use these to lock the market rates. Conversely it only takes one low sale to lock the market into lower prices.
Right after we got our contract the neighbor listed their home for sale. This home is a similarly equipped floor plan in great shape (same number bedrooms, bathroom, square footage, etc). Unfortunately, the neigbhor did not speak with me. This was a huge mistake. Their agent listed the home for $31,000 less than our contract price. The home quickly sold and dropped the value of the entire neighborhood.
Agents are conditioned to get low price listings. The lower these listings are the more they can boast about short time on market. Additionally, the faster they get paid. That’s why price reductions are common advice in amongst agents and their clients. I’m confident this community will not recover from the neighbor’s sale for at least another 6 months.
Top earning clients demand intelligent agents
My clients have come to appreciate the attention to detail and outside the box thinking I bring to the table. We have had great success drawing on skills I acquired from other industries, market leaders, and real life transactions over the past decade.
I want your business too. My clients here took several months to prepare this property for sale. The more time you have the better. Give me a call. It doesn’t matter if you are thinking about moving now or in 2 years. I will show you how to get the market working for you today.