Home Values in Raintree

Home Values in Raintree

One Story Homes

Two Story Homes

Updated 4/23/11

Comparative Market Analysis

One Story Homes in Raintree
&
Antonio Highlands

Prepared For:
My Neighbors in Raintree

By:
Jim Johnson

Over the past year, values for one story homes in Raintree/Antonio Highlands have declined by nearly 6%.

Two factors are driving the value of homes in Raintree & Antonio Highlands down:

Sales at below market value by owners whose agents did not have an adequate marketing plan (BOLD font), and
Foreclosures (highlighted in hot pink), most of which could have been avoided had the owner consulted with a knowledgeable agent.

Sold Properties 04/22/11

Comparables

MLS#	Address	Status	Area	SqFt	DOM	List Price	$/SqFt	Sold Price	Sold/SqFt	Close Date
866343	6906 RAINTREE FOREST	SLD	1500	1488	48	$79,900	$53.69	$78,100	$52.48	02/09/2011
875251	6818 RAINTREE FRST	SLD	1500	1290	77	$109,900	$85.19	$112,000	$86.82	04/14/2011
846864	7322 CORTLAND CREEK	SLD	1500	1345	168	$115,000	$85.50	$113,000	$84.01	12/22/2010
853534	14410 SOUTHFACE	SLD	1500	1518	200	$119,000	$78.39	$121,000	$79.71	03/30/2011

Statistics

Total Properties: 5

	List Price	Sold Price	SqFt	DOM	VALUE/SF
Average	$105,950	$106,025	1410	123	$75.14
Sold properties closed averaging 100.07% of their Final List Price (FLP). This reflects a 0.07% difference between property sale prices and their FLP's.

This market analysis takes into account only the square footage and price for the listed properties. Many factors will make a difference in the final analysis of value for your home. Obviously, homes with builder upgrades, covered patios with integrated rooflines, larger patios, tile or wood floors, and three to four sides brick veneer should bring a higher price than average.
Do not however expect to receive dollar-for-dollar for upgrades when you place our home on the market. The builder's markup does not transfer. On the average, you can expect upgrades and improvements to add about 60% to 70% of their cost.

The condition of the home is also a factor. If it needs painting (inside and/or out), a new roof or carpet, these should be addressed prior to putting the house on the market. The condition includes the lawn and landscape—The property's "curb appeal." If the lawn is barren or weed choked, it will not so much bring down the value as it may turn away prospective buyers. First impressions can make or break your prospects for selling your home.

Another factor which can make a pretty hefty difference is the right pricing strategy when it comes time to sell. Whether you are ready to sell or just want to know what the value of your home is, I will be happy to give you my opinion of value. Call me at 638-1885, or send an email to .