Ross, CA Real Estate Market Conditions Update for August 2010

As of September 7, 2010 a mere 5% of available listings in Ross are in escrow.  In case you don’t know what that means:  95% of them are not in escrow and are still available.  And that doesn’t include any pocket listings.

For the month of August 2010 only 2 homes sold in Ross for an average final selling price of $2,110,000. 

The average original asking price of these homes was $2,122,500.

The range of final selling prices was from a “low” of $1,995,000 to a high of $2,225,000.

Of the 2 homes that sold, 1 sold at their original asking price and 1 sold for less.

It took these homes an average of 42 days to sell.

This market report should show you that even in a slow market like Ross if you price it right it will sell relatively quickly.  The other 95% that are holding out for more will have to either reduce their price to get people interested OR will have to wait for someone who is willing to offer market value for their property–regardless of what their asking price is. 

Worth noting:  every mortgage payment that you make while you are waiting is money that is essentially taken off the asking price–money that could have been in your pocket.

To see all the homes that are currently available for sale through our MLS click here.

To see some of the fun things to do in the area, click here.

To learn more about this area search more around this blog, visit my website or contact me directly.

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