A useful look at where value is landing.
When I look at Bedford County, VA, I want to know whether value is lining up with the rest of the market. Last month, a typical estimated property value was $395,560 and a typical sold price was $399,900, which keeps the conversation grounded.
Last month, a typical estimated property value was $395,560 and a typical sold price was $399,900. That close match tells me the market still has a fairly tight grip on pricing expectations.
For Bedford County, VA, I would also note that the median list price was $435,000. That keeps me focused on whether the asking number is supported by the sold side before I make a recommendation.
Start with value and sold price. Keep the list number honest. I would also check the 31-day sale pace before deciding how quickly to move.
