A refigured Real Estate Fun Fact from Kyle Rovinsky:
In 75230 zip (North Dallas) for all transactions 4 bedroom+ on lots .3 acre+, (total of 229 transactions), houses on the market 30 days or less sold for an average of 98% sale price to list price. Houses on the market 45 days or longer sold for an average of 87.5% sale price to list price.
The average sale price for these 229 homes was $907,000. 10.5% costs an average of $95,235 per transaction for mispricing a home.
Ouch. Thoughts? PS: Details on this southern stunner forthcoming.