Statistical information can be so misleading! Recently the Real Estate Board put out sales figures for the first quarter of this year. They suggested the following; sales were up over last year, and prices were marginally lower. However, the reality is that last year was the second fewest sales in 40 years...it would take nothing to defeat that lofty total! Prices were marginally lower. But you have to look deeper. The average price for March alone was $3.556m, down about 3%. However, If you take out the top 6 sales for the month, the average price was $2.860m. So what is it, a market drop of 3%, or a drop of 23%? I listed a home for $4.195m based on a recent sale for $4.600m which was inferior to ours. 5 months later, my home sold for $3.690m. Try and tell that client that the market has only dropped 3%!
It is imperative that you get properly informed and get "Sound Advice". This time in the market cycle requires a professional with knowledge. There is "No Substitute for ExperienceI"...Please call me today and get the results you deserve...the price is the same!
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