We’ve had quite a winter! The weather has felt more like Oregon (where Rob is from) than Las Vegas lately, but the spring selling season is almost here — and hopefully the sunshine will stick around. With 353 guard-gated homes available in February, inventory remained roughly unchanged from January, while closed sales were down 23% month over month at 48. However, there’s still hope for the spring sales season; pending sales were up 30% with 92 guard-gated homes under contract at the end of the month. Typically, spring is when sales activity picks up and inventory starts to climb.
96% of the homes that closed in February sold within 90 days of being priced correctly. The total Days on Market ranged from 0-289 days, with 72% of sellers reducing their list price prior to selling. Two sales took longer than 90 days to sell after their last price change. One of them took 93 days, so it basically fits the pattern. 10778 Rivendell shows 115 days in the data, but it actually sold in 62 days and went into contract for 27 days before the sale fell through. It took 53 days for the home to sell the second time.
Pricing a home correctly is important, but it’s just part of getting a home sold. Marketing your home to the highest number of qualified buyers is where the Rob Jensen Company excels. This is how our sellers get the best price in the shortest amount of time possible. If you’re reading this, you probably enjoy it and probably get a lot of other mail as well. However, this mailer is just the tip of the iceberg when it comes to our marketing campaigns. The majority of our marketing is done online, which enables us to not only reach buyers in California but also target buyers nationally and globally. If you’d like to know what we can do for you, please give us a call.
*Two of the closed sales in March were sold off the Multiple Listing Service, which means we only have price history and Days on Market data for 46 of the 48 closed sales.