Start with closed prices, then let current asking prices show you the competitive range.
The first comparison that matters is not what a seller wants. It is what similar homes have recently achieved, and in Prince George County, VA that recent checkpoint is a typical closed price of $340,000 last month.
Over the previous 30 days, the typical sold price in Prince George County, VA was $340,000, while active homes carried a typical asking price of $344,990. A typical sale took 59 days and supply stood at 2 months. That gives buyers a clear place to start sorting the field. I would compare homes first against the recent closed level, then use the asking-price level to see how much room may exist between expectation and outcome. In Prince George County, VA, that approach keeps you from building your opinion around a sticker price alone. Start every comparison with recent closed pricing. Use active asking prices to judge present competition, not to define value by themselves. Cross weak fits off the list early.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the Prince George County market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
