Thursday, May 7, 2009

Florence Real Estate Reality!

As of this posting we have had 11 residential sales in the Florence area in the last 30 days. The average sale price was $205,000 with an av list price of those 11 sales being $218,000 and av DOM (days on market) of 174.

On the other side of the coin we have 450 residential properties listed at an average "asking" price of $280,000 and an average DOM of 300.

Even though we have seen a substantial bump in showing activity, one fact and reality remains. If your property is priced correctly, it will sell. The smoke and mirrors market created by "list at any price" real estate companies is over!

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