Setting your asking price means deciding how your home compares with alternatives a buyer might consider. Let's build that decision around relevant sales and your home's actual features.
For Irvine single-family homes, condos, townhouses and apartments, the latest market report includes asking and completed-sale prices. The typical asking price among homes listed for sale was $1,630,000. The typical sale price was $1,447,500, describing completed sales rather than the listed homes. Homes sold for an average of 97.5% of their asking prices, without establishing a result for your property.
I would not choose your asking price by copying a townwide figure or the most ambitious competing listing. Recent sales of similar homes provide a more useful starting point, while listed homes help us understand the alternatives. The average percentage of asking price that homes sold for does not identify which starting price will work for you.
Gather a clear list of your home's condition, improvements and features so our comparison focuses on meaningful differences. Review recent sales of similar homes with me, discussing size, condition and features before choosing your asking price. Examine competing listings separately and decide which buyer feedback would justify reconsidering the price after launch.
