When setting up a listing presentation for potential sellers, one of the important pieces is a look at how today’s average home prices compare to average home prices for the last few years.
Many of the sellers with whom I’ve interacted lately in Maple Valley bought their homes in the last five or six years. Comparing what they paid for the home then with what average prices look like now is one step in determining listing price.
Notice that prices in October of 2010 are below prices for October since 2004! (yikes!) … But looking over the last few months, prices actually seem to be pretty close to prices in 2004. However, it’s important to know that prices are local. What’s happening in your neighborhood may be somewhat different.
Working with a qualified real estate broker will help you determine the market value of your home. Please don’t hesitate to contact me whenever you must make decisions regarding the value of your home.