Staging Stats in June 2010

Posted Wed, 06/23/2010 - 20:48 by Debra Ghysels

2009 Home Staging Statistics
While 2009 was a tough year across the United States when it pertains to Real Estate, many things in the industry had to change in order to get through it all. 
 
Home values have dipped and many people are having to sell their home just to get out of a negative equity situation. 

 

 

2009 Real Estate Staging Association Statistics (RESAtrademark symbol)
 
How much money could you save by staging your home BEFORE listing it?

2009 Study:

126 Homeowners had their property on the market on average 263 days BEFORE they decided to stage. 
263 days = 9 months!!
 
264 homes that were staged BEFORE going on the market sold on average of 40.5 days. 
About 223 days ( 7 months ), less time on the market
 
As an example, using this formula you can determine approximately how much money you will continue to spend while your home is on the market un-staged.
 
If your mortgage is:                                $1,800.00
If your direct expenses are:                    $300.00
(utilities, etc.)
 

Total carrying costs per month:          $2,100.00
 
The study shows home owners that had their property on the market for an average of 9 months.  $2,100.00 x 9 months = $18,000.00 in expenses. 
 
Had those homeowners staged FIRST, their time on market would have been cut by 223 days on average (7 months).  $2,100.00 x 7 months = $14,700.00.  Staging their homes first would have saved them $ 14,700.00!
 
These numbers are all relative to individual mortgages and expenses. 
 
*this information was taken from the RESAtrademark<br /> symbol Real Estate Staging Statistics report that was released in February 2010

 

 

Let STAGING work for You!