If one was to believe a piece we just found on Realtor.com, the headline above appears to be widely accurate. In fact, the story went on to say that not only are most homes different, but they don’t sell equally well either.
Realtor.com recently researched and analyzed homes that generated the most interest and sold the fastest in relation to their architectural style and various amenities. The resulting data produced some interesting patterns.
Apparently, Spanish-style homes, which make up only one percent of Realtor.com’s for-sale listings, are sizzling, spending a median of just 47 days on the market, which is half the national average of 93 days.
It appears a view is important too – city skylines to be specific. Homes with a city view sell the fastest at just 83 days on the market. Believe it or not, that trumps a home with an ocean view which sit on the market for 98 days on average.
When it comes to the interior, stainless steel and granite look like they are here to stay. Homes with stainless-steel appliances sell 15 percent faster than average homes.
Of course, location is a factor when homes are on the market. Realtor.com’s research indicated that homes near schools, especially good schools with buzz words “top” and “best,” jump to the top with 76 days on the market and significantly higher views per listing.
Does size matter when it comes to selling a home? Realtor.com said its data showed that the bigger the home, the more page views it received. For example, an 8,000-square-foot mega home receives about 30 percent more views than a cozy 1,000-square-footer.
And, finally, it’s no surprise that price enters into the equation in a big way. Homes listed at between $200,000 and $250,000 were sold in 83 days on average, which is significantly faster than in any other price range.
What’s the take away here? Just be aware that these are trends and trends can and do change on a moment’s notice. It’s simply a current snapshot of the marketplace.