Colorado Springs Real Estate

Colorado Springs Real Estate Blog

What is the List Price vs. Sales Price Ratio?

Posted on August 18, 2008 by Patricia

When buying a home it is important to consider what the list price vs. sales price ratio is.  Why is this statistic important?  This ratio gives you an indicator of the percentage of the original list price people are paying for the homes in a given area.

Let’s look at a scenario, if you have an average list price for an area of 250,000, and the average sales price is 245,000 this would give you a LP/SP ratio of 98% (245,000 / 250,000).  Having this information for an area in Colorado Springs that you are wishing to purchase or sell a home in, can give you an idea of what to offer on a home or what price to list your home at.

If you would like to know more about the List Price vs. Sales Price Ratio, please contact Patricia.

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To find out more about Colorado Springs Realty and the Colorado Springs Area contact me or visit my website.

About Patricia

As a Colorado Native, I am here to assist you with all of your real estate needs. If you are planning on selling or buying real estate in Colorado Springs, I will provide you with the information you need to understand the real estate process and guide you through the transaction until closing. If you would like more information or have additional questions about Colorado Springs real estate, please contact me. Feel free to review testimonials on my website.
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