Let’s take a look at ‘as is’ sales in the region. I came across a thread on Facebook today asking if people needed to make upgrades in the market right now or if they could sell ‘as is’. This prompted me to dig into the numbers.

Year to date, there have been 9,343 homes sold in the area. Seven hundred and twenty five (725) were sold marked ‘as is’, leaving 8,618 sold without this caveat.

The average closed price of an as is home was $383,650. The average original list price of these homes was $402,559. These homes on average closed at 95.3% of their original list price.

The average closed price of homes sold without the as is clause was $524,827. The average original list price was $554,604. These homes closed at 94.6% of their original list price.

Does ‘Sold As Is’ generate a higher level of return? From a percentage basis, it appears they are selling at a slightly higher percentage. We would need to drill down on the individual returns of these homes, among other factors (like days on market, carrying costs, etc.) to definitively answer this question but it’s a fascinating query!