Choosing an asking price means balancing your goals with a comparison focused on your home. My advice is to begin with similar completed sales, then examine competing listings separately so your starting price has a clear rationale.
For Jericho single-family homes, condos, townhouses and apartments, the latest market report includes both asking and completed-sale measurements. The typical asking price among homes listed for sale was $1,488,000. The typical sale price was $1,225,000 for homes that sold. Homes sold for an average of 96.99% of their asking prices.
The townwide prices describe different listing and sale groups, not the pricing history of your particular home. The average percentage of asking price that homes sold for does not establish what an individual listing should ask. Starting with an ambitious asking price deserves careful consideration because your pricing decision should remain defensible against similar homes.
Gather details about your home's size, condition and improvements so we can identify meaningful comparisons. Review recent sales of similar homes with me, discussing differences rather than borrowing a townwide price. Examine competing asking prices separately and decide what new information would justify revisiting your starting price.
