Pricing a Property is Serious Business


 

Strategic pricing is the key to selling your home at an attractive price in an acceptable amount of time. While many brokers will gladly list your home, the reality is if it is not properly priced your home may sit on the market month after month and actually help sell competing properties.

 

At Ebby Halliday, our Associates take pricing your property very seriously. Your Ebby Associate will utilize Multiple Listing Service data to create a Competitive Market Analysis that estimates a market-value range for your home based on the recent action of buyers and sellers in your neighborhood. A few of the factors your Ebby Associate will consider when estimating your property’s market value:

 

* Successfully sold homes – Lists the selling price of recently purchased homes comparable to yours.

* Competitive properties for sale – Since they are not yet sold, the market value is undetermined, but they are important, as buyers most likely will view and compare these properties with yours.

* Pending sales – Though they have not yet closed, homes under contract are a good indicator of value in the current market.

* Failed to sell – The listed price of these homes suggests what potential buyers will not pay.

 

If you’re curious about what your home is worth in North Texas’ fast-paced housing market, visit the award-winning ebby.com, where you’ll find just the right real estate professional for your needs.

Dallas-Area Home Prices Up 10.4%


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Dallas-area home prices are up 10.4 percent over April 2013, according to a report released today from CoreLogic Inc. Dallas was one of eight major U.S. cities with double-digit percentage price gains.

 

Nationwide, home prices are up 10.5 percent in April 2014 compared to April 2013. That’s now 26 months of consecutive year-over-year increases in home prices nationally. No states posted depreciation in April 2014.

 

Texas, Colorado, Louisiana, Nebraska, Oklahoma, North Dakota, South Dakota, and Wyoming all surpassed their previous home price peaks. In all, 23 states and the District of Columbia are at or within 10 percent of their peak home price appreciation.

 

To learn what your North Texas home is worth in the current real estate market, contact an Ebby Halliday Associate today. To get started, visit the award-winning ebby.com.

Dallas-area Home Prices Rise Again


pricemap NEWEST

Dallas-area home prices were up 9.3 percent in November from a year earlier, according to a just-released report from CoreLogic. Nationwide, home prices were up 11.8 percent for the same period.

Mark Fleming, chief economist for CoreLogic, predicts that when all the numbers are in home prices across the country will be up 11.5 percent for 2013. “That will make 2013 the best year for home-price appreciation since 2005,” Fleming says.

Across Texas, home prices were up 8.7 percent in November from a year earlier. Texas home prices are now fully recovered from the recession and are back to where they were at the peak of the last housing cycle, according to CoreLogic.
The states with the highest appreciation were Nevada (25.3 percent), California (21.3 percent) and Michigan (14.4 percent).