How I spot a stretch price before it costs you time
You are trying to decide if a listing is fairly priced or just ambitious. In The Waters, Moore, I use the current active asking level and the recent price-per-square-foot range as my early warning system.
Here is the constraint I plan around based on the previous thirty days the typical list price for active homes in The Waters, Moore was $345,000 recently, and recent price per square foot ranged from $173 for the new listing to $195 for pending homes over the last three months. Where people get this wrong is assuming every home near the top of the range is automatically worth it. Some metrics were not reported for this period. Since we do not have a typical sold price or the typical percent of asking buyers are paying, the safest move is to treat price-per-square-foot and current asking levels as screening tools, then confirm value through direct comparisons. Before you fall in love with a home, check whether its price per square foot makes sense relative to the $173 to $195 range shown in The Waters, Moore. Require a clear justification for any premium, such as condition, layout, or upgrades, before you write an offer. Keep your tour list tight so you spend your energy on homes that have a realistic chance of being the right fit at the right price.
About Audrey Baker Remax Lifestyle
Audrey Baker Remax Lifestyle is a licensed Real Estate Professional affiliated with REMAX Lifestyle, specializing in the The Waters market. With a focus on strategic marketing and deep local knowledge, Audrey Baker Remax Lifestyle provides clients with expert guidance in navigating complex real estate transactions. View full profile →