Would a Buyer Pay More for a Staged Home?
I was in a meeting with some of the top REALTORS in San Diego and they were having this very debate about staging. More specifically, would a buyer pay more for a staged home?
So, knowing me, I did some research. I researched vacant homes in some neighborhoods near me that sold in May 2022. May is when the prices in San Diego peaked and if a buyer was willing to pay more for a home, it would have been in May.
Data From Staged and Empty Homes in May 2022
Conclusions From the Data
While it’s a small sample size, here’s some initial conclusions:
– The Sales Price / Original List Price ratio was 3% higher for staged homes compared to empty homes
– A 3% increase in sales price on the average $1.2M home would be $36,000!
– Staged homes sold faster
– The staging investment was more often made on the higher priced homes
Bottom Line
If you’re thinking of selling and want to discuss the best timing and options to get the highest price for your home, contact me! I’m here to help!
