This is somewhat interesting as my analysis of a homes position in the Gorge. This home has been marketed by the owners for quite sometime with no results. They asked me to perform an analysis which I happily did and I thought that I would share my thought process in this paper. What you see below is a step by step answer to the questions that the seller/owner wanted to know:
1. The price range would be $180k to $190k – I say this because I may have a buyer that might pay $190k and if he is not interested anymore it would be less. The market information in the packet tells us that the market has disintegrated dramatically mainly from the CAM homes on Island Way going back to the banks and the banks having a “Fire” sale. You are and have been competing with larger square footage homes with more baths, bedrooms and much newer. This has affected your marketability immensely and continues to do so. Even more recently there were two homes one on Amber Way the other on Aria Way that went almost as they hit the multiple listing service and with multiple offers. This was due to nothing more than price and that price being very low for the product.
2. The fee for services would be 7% because you want all the other agents out there to pay attention to your product and with others paying 6% or even 5% this is one competitive advantage that you desperately need. In addition I will get your property exposed to all the major real estate search sites and search engines such as Windermere.com, Trulia, Zillow, Yahoo, Craigslist and Google.
3. The listing agreement duration can be anything that you want. I typically list for six months, but sometimes will go ninety days. If you wanted to get out of the agreement early my policy is to grant your wish.
4. The properties that I personally sold in North Bonneville were the following: a. 620 E Shahala – 3 bedroom, 2.1 bath with 2096 square feet at $282,000. b. 1229 Island Way – 4 bedroom, 2.1 bath with 2156 square feet at $195,000. 5. Other data would include out of the comps listed I broke out the one levels which there were four:
108 Aria WAY, North Bonneville 98639 S 3 / 2 1651 2006 8055748 $209,000 [Detail] [Photos] [Map] Status: Sold Lot Size: 5,663 Sq Ft Views: MNTAIN Garage: 2 Ref#: 1 Sold Price: $205,000 Sale Date: 05/27/2009 DOM-Closed: 357 Community: Skamania Co: North Bonneville Project: Aria Oaks MLS Area: 112 Remarks: Huge $20K Reduction! Like New Built in 2006,Vaulted Living Rm,Upgraded Whirlpool Appliances – FS Fridge, Dishwasher, Built-In Oven,Microwave & Range w…
1204 ISLAND WAY, North Bonneville 98639 S 3 / 2.1 1663 2007 9020799 $199,000 [Detail] [Map] Status: Sold Lot Size: 4,356 Sq Ft Garage: 2 Ref#: 2 Sold Price: $183,000 Sale Date: 04/20/2009 cDOM: 6 Community: Skamania Co: North Bonneville Project: North Bonneville MLS Area: 112 Remarks: The look and feel of a tight knit community; the only thing missing is YOU. North Bonneville with its green space, parks, ball fields, tennis courts, …
610 SHAHALA, North Bonneville 98639 A 4 / 2 1456 1979 9019388 $195,000 [Detail] [Photos] [Map] Status: Active Lot Size: 8,712 Sq Ft Views: MNTAIN Garage: 0 Ref#: 3 DOM-Active: 337 Community: Skamania Co: North Bonneville MLS Area: 112 Remarks: Cute, well maintained rancher on a large lot which backs up to designated park. Panoramic views of Oregon & Washington hills abound from everywhere, i…
105 AMBER WAY, North Bonneville 98648 P 2 / 2 2320 2006 9075295 $195,000
This tells us that the one level homes went for a higher price but most of them were of a newer age. Please look for the reports coming your way that present more detail for your study and discussion. I would love to come and visit to discuss the data if you would like. Just email me or give me a call.
Thanks again for the opportunity, Bob
Bob Anderson Windermere GTRE
509.427.7043 – Direct 509-427-2770 – Fax 360.440.9185 – Cell
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