Compiling the Comparable Sold Properties
Days on Market and Listed Price vs Closed Price…
While compiling the most recent sold properties similar to your property, include the history of recent withdrawn and expired listings and make note of properties that were taken off the market and then re-listed. Add the additional days to the current days on market to determine the true number of days these properties were on the market. Research public records for additional comparable sold properties. These won't show up in the MLS data but your Realtor® can produce these for you.
Compare the original listed price to the final closed price to determine whether the sold property closed above, below or at the original listed price. In the current market, it's common for strategically priced multi-unit properties to sell for more than 100% of list price. Adjust for features such as garages, interior and exterior updating. Be sure to adjust for neighborhood amenities such as nearby parks, golf courses, public transit and other nearby neighborhood benefits.