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The Tucson Home Pricing Game

April 17, 2008 | By Kelley Koehler | Filed Under Home Buying, Home Selling 

I had a different post planned for today, but thought this would be more interesting.

I’m pricing a home where there have been no solds in the neighborhood for the past 6 months, so I had to go back a little further than I might normally, so that I can extrapolate the current potential market value. 

And I must say, normally sold prices don’t line up so clearly over time.  Guess which two solds are distressed sales?

And granted, this chart doesn’t take into account the condition of the properties – but I’ll throw in that they range from original (from the late 1970’s) to partially updated and the one I’m pricing is completely remodeled.  Of the two active listings, the higher priced one is a partial remodel with 4 poor pictures, while the other one has no interior pictures and a single line description – it’s a relative unknown at this point.

I’ve decided what I think is an acceptable range of values for the property – what say you?

How much is this home worth in today’s market?

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