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Staging Statistics
Studies Show
Generally the length of time on the market determines the selling price. The longer on the market, the lower the price.
Homes on the market for:
Less than 4 weeks_______ sell for list or 1% higher
4 to 12 weeks__________ sell for 5% less than list
13-24 weeks ___________sell for 6.4% less than list
over 24 weeks__________ sell for 10% less than list
| Comparison Criteria | Staged Homes | Non-Staged Homes |
|---|---|---|
| Average No. days on market | 7.6 days | 30-42 days |
| Average difference in selling price over list price | 3% up to 50% | 1.6% |
Source: 2772 Total Properties / 129 Staged Properties. Ranging in list price from $229,000 to $4.8 million. Village Voice, 3/24/00
| Improvement | Cost | Increase in Sales Price | Average Return | Agents who recommend |
|---|---|---|---|---|
| Lighten and brighten | $86-110 | $768-935 | 769% | 84% |
| Clean & de-clutter | $305-339 | $2,093-2,378 | 594% | 91% |
| Staging | $212-1,089 | $2,275-2,841 | 169% | 76% |
| Kitchen/bath upgrades | $1,546-2,120 | $3,823-4,885 | 138% | 83% |
| Landscape & trim | $432-506 | $1,594-1,839 | 266% | 72% |
| Replace carpeting | $2,602-2,765 | $3,585-3,900 | 39% | 65% |
2003 HomeGain Survey of 2,000 real estate agents nationwide found that moderately priced home improvements, ranging from $80-2,800, made in preparation for sale actually yield the highest returns when a house is sold.