Coming Soon Luxury Homes Stats
| Average Price | $2M |
|---|---|
| Lowest Price | $1M |
| Highest Price | $10.5M |
| Total Listings | 393 |
| Avg. Price/SQFT | $456 |
Property Types (active listings)
Explore Luxury Homes Coming Soon to the Market
More about Luxury Homes coming soon, Washington Metro
The term “days on market” or DOM, refers to how long a property is officially listed as active and available before receiving an accepted offers. The general wisdom is that there is a window in which a home will receive the most attention. A property that has just been listed will typically receive a lot of internet traffic, not only from buyers, but also real estate agents who are actively scouting for their clients. The coming soon feature adds another dimension to the process.
When the market heats up in the Washington Metro region, the days on market before selling, becomes shorter. And when a luxury home is nicely located and properly priced, that time frame becomes even more compressed. By entering listings in the “coming soon” category, real estate agents who represent sellers, are priming the market for the moment that properties are officially available to be shown in person.
Using this extra window of time in order to familiarize potential buyers with upcoming listings, is especially helpful for luxury properties. These high end properties in Washington, DC, Alexandria, Arlington, Fairfax, Falls Church, McLean, Bethesda, and other popular locations throughout the DC Metro region, represent a select portion of the overall real estate market. Given the higher prices for upper echelon homes, it makes perfect sense to give buyers some advance notice in order to be prepared.
To learn more about luxury homes that are coming to market soon, call Andre Perez at District Partners at Compass, 202-929-3600.
Curious About the Condo Market In Washington Metro? Contact Andre Today.
Get in touchLuxury Homes in Coming Soon Status, DC Metro FAQs
Q: Can a home be listed as “coming soon” without the owner’s permission?
A: No, the seller has to agree to this feature.
Q: How long can a property be in the “coming soon” status before it is officially for sale as an active listing?
A: Generally speaking, the time limit is 14 days, but each Multiple Listing Service has its own rules.
Q: Do all MLS listings start out in the “coming soon” list?
A: No, the Coming Soon Status is not automatic.
Q: Can I do a home tour of a property listed as coming soon before it actually becomes active?
A: The purpose of the Coming Soon Status is only to inform and prepare potential buyers.
