Remains steady in 2020 with just a small increase from 94.4% to 94.6%
The year-end market report from Coldwell Banker Schmitt Real Estate Company in the Florida Keys shows the sales price to final listing price ratio has increased 0.2% Keys-wide. This would indicate that on average, because of continued high demand and increasingly low inventory, sellers who priced their properties to sell were able to hold relatively firm on price during 2020.
In the complete market report for the Florida Keys, we can see the sales price to original list price ratio Keys-wide was 89.99%. The simple explanation is that while some sellers choose to price their properties at market value and sell at full price, others elect "test the market" and eventually receive market value.
My sellers received an average of 97.1% of the final listing price in 2020, giving them a 2.5% advantage as compared to the overall Florida Keys market. Experience pays.
