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#27 |
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Senior Member
Join Date: Apr 2016
Location: Bellingham, WA
Posts: 1,163
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I think we can take a guess at the typical difference between asking and selling prices. Bob's MEDIAN data (average adjusted for inflation) shows a pretty steady $18-20k average asking price over the last 20 years.
I'd guess that ASKING prices are about 20% greater than actual selling prices making the average selling price over the last 20 years adjusted for inflation $14-$16k. You can adjust Bob's ASKING prices to SELLING prices based on your best guess of the difference. Another way to adjust ASKING to SELLING is to pull together a sample...big enough to make it statistically sound...of actual first time ads and final sales results. Somewhat time consuming, but nothing like the heavy lifting Bob has already done for us.
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