Sometimes it's wise to price low in order to go high. When we dropped the listing price from $445K to $425K, the home sold for $475K.
Over the past five years, Boston area real estate has been in steep demand, with unprecedented competition among homebuyers and continuous increases in home values.
In sought-after locations like Boston's Jamaica Plain, inventory–or the availability of homes–and buyer competition remain tight year-round. Even during the typically "slower" winter months, homes for sale will receive multiple offers in a very short time frame.
But even in a tight market environment, timing and price sensitivity still prevail. What buyers will pay–or compete for–always depends on:
- a home's location, condition, and