Home sales for November 2011 in the Fort Smith Real Estate Market were relatively stable. There were 59 residential homes that sold. The average home listed price was $170,061. The average home sold price was $160,863 coming in with an average of 93.42% of listed price. The average days on the market were 177 days.
What the heck does all that mean? Realistically speaking.
Sellers need to be very realistic when pricing their home, and patience is key here. With more homes on the market. Your home has to be more competitively priced, and more appealing than the homes you are competing against.
Buyers of the other hand, have record low interest rates and are doing 1 of 3 things.
- Twiddling their thumbs and waiting.
- Looking at every house on the market.
- Making super low ball offers that make it nearly impossible two work out an agreement.
Analysis of November 2011 Sales
| Beds | Baths | List Price | Sq Ft | LPper SF | SalePrice | SPper SF | SP / LP | DOM | |
|---|---|---|---|---|---|---|---|---|---|
| High | 6 | 3 | $895,000 | 6,102 | $146.67 | $810,000 | $136.19 | 102.9% | 638 |
| Low | 2 | 1 | $12,300 | 1,104 | $9.18 | $10,500 | $4.47 | 35.6% | 2 |
| Average | 3 | 2 | $170,061 | 2,116 | $74.13 | $160,863 | $70.49 | 93.42% | 177 |
| Median | 3 | 2 | $145,000 | 1,884 | $73.51 | $137,000 | $71.43 | 96.2% | 114 |
Days on Market Breakdown
Price Range Breakdown
If you would like additional information about your specific neighborhood, feel free to call me at 479-414-1894 or email me at Ray@RayNellum.com
I'm a real estate agent in Fort Smith, AR. I Tweet. I Blog. I Facebook (not so much, lol). I love Google+. My wife and my kids are my blessing. Yes, my wife is beautiful and smarter than me! :-) For additional information, feel free to call and/or text me at 479-414-1894 or email me at Ray@RayNellum.com I'd love to hear from you!
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