Last week I did a post called “Funny The Way It Is…” about our mixed-signal real estate market, and how unpredictable things are lately. Well over the past week, I’ve noticed another trend – things are flying off the market, even if they’re overpriced.
Take a look at these numbers:
March 1, 2011 – current
473 Arlington properties sold
185 sold in 14 days or less (39%!)
Average Sale Price of List Price: 99.48%
BUT………..
Range: 89.43% – 160.27%
Currently pending:
447 properties in Arlington are Under Contract
205 of them went under contract in 14 days or less ( 46%!)
Obviously what they ultimately sell for will be seen in the coming months, but I strongly encourage you to MAKE an offer if you like something you see, even if it’s below list price. If there are multiple offers, it’s a totally different ballgame, but if you’re the only one – GO FOR IT!