How Many Showings Will Your Crested Butte Home Get?
There is no easy answer to this question. But the idea is generally that the more showings you get, the more likely you are to sell your home quickly. Selling your Crested Butte home can be difficult, especially because you don’t know how long it will take for your home to sell. How long the home is on the market for is very dependent on market activity and timing. Market activity is then in turn influenced by many factors as well. All of this information can help us answer the question, how many showings will your Crested Butte home get?
Market Activity and Pricing
Asking price compared to market value is partly what determines activity. If your home is priced under the average market values and is perceived to be a really good deal, you will get many curious buyers who want to see your home (a showing). There will be a larger population of buyers who may want to buy your home.
If your home is priced high given the market and is perceived to be overpriced, you will get fewer showings. There will also be fewer buyers who want to buy your home. In general, you can get away with or try a price point that is slightly above average market (up to 10%) and still get some interest and showings, but activity will generally drop off significantly if the price is higher than 10% above the average.
What Affects Number of Showings
Buyers want the most for the least. Savvy agents who understand the market will steer their buyer clients away from homes that are perceived to be overpriced and a waste of time. On average, every eight to ten showings will result in one offer.
For every given market cycle, the variables affecting the number of in-person showings are:
- quality (competitive position or perceived value)
Time on the market also impacts the number of showings. There will be a higher interest and showing frequency when a home first comes on the market. There are educated buyers who are waiting for the home they have not yet found. These buyers have a keen interest and have market knowledge.
Seasons and Market Timing
Market timing also has to do with the seasonality of Crested Butte. If a ski-in ski-out home were put on the market in the summer, it would likely get less interest, showings and perceived value than if it were to enter the market in the winter when the buyer can literally see or ski in and out of the home. Ditto for a home on a golf course put on the market during the winter. The buyer cannot see where the fairway, tee box or green are located because they are under many feet of snow. In the summer, the buyer can determine if the house is a target for golf balls, and how close the cart path is to encroaching on their privacy.
How Many Showings Will Your Crested Butte Home Get?Final Thoughts
I hope you see the level of detail and time and effort I put into this candid article How Many Showings Will Your Crested Butte Home Get? I have become a Top Real Estate Agent in Crested Butte by providing my clients with information and insight. This helps my clients to make informed decisions. Some decisions are not always easy.
This article is an example of what you can expect from me as your agent.
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I have over 30 years of sales and marketing experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.
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