With the inventory being lower this spring market, homes are selling very quickly. While I listed one property last year (36 Avon Road, New Rochelle, N.Y. 10804 taxes approximately $22,000 and 4559 square feet), and we went into contract around Thanksgiving time, I was still able to obtain $995,000 for the home and for my friend. We had originally listed higher ( not my suggestion), but my friend needed to see where she stood in the market place. I had suggested one price, and she had wanted a much higher price. While I always advise against pricing too high, this was a friend of over 40 years, and I wanted to try. Appointments and no bids will soon let you know where you stand. In this particular case, the property was just under half an acre, offering a wonderful location, with 7 bedrooms, and we enjoyed many appointments. . However, some of the bedrooms were quite small, and the home had not been renovated in many years. As soon as we lowered the price to $995,000, we received multiple bids, and it sold for that final list price. She was very happy as were the buyers! We closed in March 2021.
In this instance, pricing higher didn’t detract rom the final price point as this home offered so much value but I would always suggest you listen to your agent when pricing a home. We know the market and only wish to obtain the highest price possible!
New Rochelle is GREAT!