List Price to Sale Price Ratio for
Single Family Homes sold in Broward County
In reviewing sales of Single Family Homes purchased during the months of January – June of 2013, I reviewed statistics for their average List price to Sale price Ratio and included details below about the percentages. List price to sale price Ratio refers to how much a Property’s final purchase price is discounted off of the Property’s list price.
The numbers speak for themselves and clearly demonstrate that, in the majority of cases, we’re not experiencing drastic discounts off of List price in the current Market. Currently, the averages range from 3.37% – 8.16% off of list price.
| Purchase Price Range | Average List Price to Sale Price Ratio |
| Under $200,000 | 96.63% |
| $200,000 – $399,999 | 95.72% |
| $400,000 – $599,999 | 94.57% |
| $600,000 – $799,999 | 93.98% |
| $800,000 – $999,999 | 91.84% |
| $1,000,000+ | 92.23% |
When discussing suggestions about the amount that should be offered for a Property purchase, Buyers typically ask if a certain percentage off of list price should be offered. A portion of my response includes the advice that the amount offered for purchase of a property should be based on the most recent purchase prices of similar/comparable properties and SHOULD NOT be based on a certain percentage off of list price. In a recent post, I prepared a 7-step guide for Buyers that includes detailed information about how to determine Offer price. Click here to view it.
In situations where Properties are priced very close to current Market value, Buyers should expect that there won’t be considerable room for negotiating purchase prices that are significantly below list price. It is inaccurate to think that buying a property for its’ list price or close to the list price is automatically a bad deal. In highly competitive Markets such as our current Market where Inventory is low and multiple Offers* are common, purchase prices that exceed list prices are frequently experienced as well.
*The term “Multiple Offers” refers to simultaneously receiving several Offers submitted by Buyers for purchase of a single Property.
Related information: