Friday, April 27, 2007

Former Models Sell Well

When Firelight was first started in 1999-2000, it was a different market. Buyers were inticed to purchase new homes at pre-construction prices and in exchange they got to pick out the upgrades they desired in the home. Resale homes were selling quickly and easily and for more money. Most original buyers purchased their new Firelight home based on what they saw in a model home, which of course was furnished and decorated professionally. Eventually the builders sold the model homes and now that the buyers of those model homes are looking to sell, it seems that the models are selling at prices above the average sold price for the model in the rest of the neighborhood.

Case in point, 2932 Woodbriar Dr. was the original Shea Cascade model home. In 2006 the average sold price for the Cascade model was just $248,454 and the highest price that any Cascade had ever sold for was $265,000. On April 19 this former model home sold for a new record price of $267,500 and in just 12 days on market!

In today's buyers market, buyers can choose from a wide selection of home, but a house that offers above average condition and location will still fetch an above average price. Take that into consideration if you are thinking about listing your home for sale.

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