However, our $/sqft slid more than 6% from this time last year. This could be partly due to more than 40% of the properties being sold off market, or not in the Multiple Listing Service. A couple of those were severely under typical market value. This lack of exposure to the general market can result in a seller leaving money on the table.
Of course, we don't know all of the factors - perhaps there were structural or other large issues that necessitated a discount, or one family member was selling to another at an intentionally lower price. But without this information, these kinds of sales can affect appraisals and neighborhood appreciation trends. If you'd like a free evaluation of your home, don't hesitate to reach out!
I would love to help you with your real estate journey.
Please contact me at 303-917-7143 or robbin@elevatedrealestate.com
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