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PERCENT OF ORIGINAL PRICE RECEIVED REPORT
Percentage of Original Price Received report for Single Family Residences (SFR) for the last three years. Percentage found when dividing a listing's sales price by its original list price, then taking the average for all sold listings in a given month, not accounting for seller concessions. Calculations are based on sold data. This report is useful when analyzing offers. It may give you an idea of how far off the original list price other homes in your city are selling for, as well as historical trends.
For Example: A property is listed at $200,000, reduced to $190,000 and taken off the market. Then the same property is listed again at $180,000 a few months later and is further reduced to $175,000. It closes for $160,000. This report takes the ratio of $160,000/$180,000 or 88.9% instead of $160,000/$200,000.