My recent listing at 104-1033 St. Georges in North Vancouver sold swiftly, a testament to the accuracy of the pricing strategy. While some may argue that the property could have fetched a higher price, it's important to understand that the best agents make pricing recommendations based on thorough research. Price strategies involve market research and compiling comparable sales data to provide the most accurate list or purchase price. When properties are priced too high, they often remain on the market longer, requiring eventual price reductions. The job is ensuring the property sells, which most often is when the price is a logical market value. The current real estate market differs significantly from three years ago. Today, buyers have more selection and are willing to wait. An exception is cases of rare and very unique properties where higher pricing may be justified.
Why Smart Pricing Sold 104-1033 St. Georges Fast:
A Case for Accurate Market Strategies
Blog by Frank Ingham | September 1st, 2024
