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As we roll through the holidays and into winter, many would-be sellers will be holding off on listing their home, waiting for the spring “selling season” to put their home on the market.  But if you’re ready to sell your home now, is waiting until spring the best strategy?  Not according to the data, it isn’t.

Homes listed in winter sell faster.

Homes listed in winter are more likely to sell.

Homes listed in winter sell closest to their original price.

Homes listed in winter sell best.

Yes, you read that right!  Overall, homes listed in winter sell best.   5.8% more homes listed in winter eventually sell (compared to the overall percentage of homes listed throughout the year), and they sell 1.4 percentage points closer to their original list price than the median—that’s $4,900 on a $350,000 home.

Spring wins in one category.  Speed!    Homes  listed  in spring sell the fastest, sitting on the market for 15% less time than the median.  Winter comes in second in this category though, at six percent below the median.  While homes listed in summer and fall both sell slower than the median (12% and 16%, respectively).

Why do you think most sellers are afraid to list their homes in winter?  Don’t be shy about sharing this data with your friends who continue to twiddle their thumbs and “wait for better times.”  As the data shows, there’s no time like the present to list a property.

Here’s wishing you the best of the Fall!

 

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View and walk to PEI`s best sand beaches and sand dunes. Private beach for miles.  Views of windmills. Includes 2 extra lots that can be kept, or sold off.

 

Privately located well kept 3 bedroom bungalow minutes to Summerside with 2 out buildings, 2.22 acres of mostly treed land (large mature spruce) and small stream running along side of property. Oak kitchen, beautiful back yard with gazebo. Quiet yard and separate wood oil furnace. HD video available. Sold as is where is.  Mortgage sale, excellent deal!

michael.poczynek@gmail.com
Prince Edward Island Real Estate Michael Poczynek

Michael Poczynek michaelshomes.com

About Michael

Michael Poczynek has been a leading and top producing real estate agent with Century 21 Northumberland since 1997 and specializes in dealing with off island buyers & sellers. He prefers to work with Waterfront/Oceanfront, Recreation, Relocations, Luxury, Investment, Income (Multi-Family, Apartments, Strip Malls, Retail Centres), Commercial, & Development properties in PEI and across Canada. Michael is also a developer and has an extensive background in information technology. Michael is extremely entrepreneurial in nature and always on the lookout for investment and business opportunities relating to or not relating to real estate. Michael can be reached at all times at (902)888-8860.

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