Leipers Fork Real Estate: October Sales Report

October in Leipers Fork. The leaves are changing. The weather is starting to get crisp. People are out and about enjoying our local Farmers Market, attending our annual Chili Fest, or just browsing through the antique shops, new antique book museum or the new candy shop. Yum!

For the period of October 1 - October 30, 2009, there were:

• 66 active listings ranging in price from $127,000 - $6,500,000;
  
• 2 contracts went pending ranging from $795,000 - $1,299,500;
  
• 2 homes closed ranging from $175,365 - $349,000.

Months Supply of Homes on Market = 33

As we head into the holidays, real estate sales tend to slow a bit. However, December also tends to bring in relocations.

However, with an almost 3 year supply of homes on the market, it should be obvious to sellers...

If you want to sell your home in Leipers Fork, you need to PRICE IT TO SELL. We are no longer in a market where you can hold firm to your (over-)pricing. We haven't been for a couple of years now. If you don't want to (or can't afford to) sell it for less than what you are asking, then you need to pull it off the market and wait until the market turns around. There, I said it. It is what it is.

I realize the above statement was HARSH. Really harsh. But, unfortunately, many sellers have the mistaken ideal that their home will sell for what they are asking despite all evidence pointing to the contrary. They think some silly buyer will come along and ignore market value and give them what they are asking. Even if they are lucky enough to find this buyer, the BANK that loans the money for the house isn't going to loan them more money than what the house is worth.

As a top Leipers Fork Realtor, I can only recommend prices to my prospective clients and back it up with all kinds of data. It's up to them to set the price. That being said, you won't see me with a lot of listings right now. Why? Simple, I won't take an over-priced listing. I'm in the business of SELLING homes, not LISTING them. It doesn't do anyone any good to have 30 homes listed that won't sell. It sets up unfulfillable expectations and leaves sellers devestated when those expectations are stomped on by reality.