When you figure Sale Price/List Price, do you use the original list price or the list price at the time the offer was received? Is this metric valuable to consumers or just an ambiguous industry stat?

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John Novak, Henderson, Las Vegas and Summerlin Real Estate (Keller Williams Realty The Marketplace)

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Rainmaker
630,351

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

Usually, the most recent list price.

Feb 27, 2018 08:14 PM

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Praful Thakkar

Burlington, MA

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

In my presentation I like to separate the data.

My goal is to show the initial listed price to demonstrate that the seller first impulse is to overprice by x%.(my data shows 30%) (and as if magical, it IS the number they had in mind)

I then show the list price prior to offer and calculate the discount.

All this serves to advise the seller that exceeding the value bracket will result in absolute silence from the market and ends with "What's wrong with this house, it been on the market 85 days?"

Mar 06, 2015 01:01 AM

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John Novak

Las Vegas, NV

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

I price them right from the beginning, however when determining the price I do go through the history of the pricing on all of the comps with my sellers.

Nov 29, 2019 10:09 PM

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Rainer
279,978

Dipti Thakkar

LAER Realty Partners - Andover, MA

On a team with Praful Thakkar

SP/LP should be the most recent sale price.

Jul 14, 2018 09:25 PM

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Rainmaker
4,322,995

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

It should be with the final list price, John.

Mar 04, 2018 06:43 PM

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Rainmaker
3,075,301

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Kathleen nailed this one!

Jul 08, 2017 04:46 AM

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Rainmaker
634,582

Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

Sale to last list price, and I don't think it's a valuable consumer metric. However I use sale to original list price during listing presentations to show sellers the mistake in overpricing.

Mar 06, 2015 09:02 AM

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Rainmaker
1,276,946

Sam Shueh

(408) 425-1601 - San Jose, CA

mba, cdpe, reopro, pe

SOLD vs last listing price. In our area rarely sellers drop price.

Mar 06, 2015 12:30 AM

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Rainmaker
4,434,277

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I like to show them both prices. Sometimes if the price has already been reduced sellers may not be willing to reduce much.

Mar 05, 2015 09:24 PM

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In my presentation I like to separate the data.

My goal is to show the initial listed price to demonstrate that the seller first impulse is to overprice by x%.(my data shows 30%) (and as if magical, it IS the number they had in mind)

I then show the list price prior to offer and calculate the discount.

All this serves to advise the seller that exceeding the value bracket will result in absolute silence from the market and ends with "What's wrong with this house, it been on the market 85 days?"
I price them right from the beginning, however when determining the price I do go through the history of the pricing on all of the comps with my sellers.
Sale to last list price, and I don't think it's a valuable consumer metric. However I use sale to original list price during listing presentations to show sellers the mistake in overpricing.
SOLD vs last listing price. In our area rarely sellers drop price.
I like to show them both prices. Sometimes if the price has already been reduced sellers may not be willing to reduce much.