Statistics of Staging

In my last two posts I highlighted homes that were staged and are now for sale or just sold. (Sold 5 days after staging, need I remind you?) Currently, there are 65,000 single family homes listed in the Dallas market right now - many that have been sitting there for MONTHS ON END and homeowners are getting stressed and frustrated. Yet there are still some homeowners that don't see the benefit in staging a home. Well, let me put it in black and white for you.  Take a look at this:

Vacant homes previously on the market: 

This study from RESA includes vacant homes (not staged) previously on the market an average of 277 days unsold.  Do the math.  277 days = 9 months.  OUCH.

Those homeowners finally had their properties staged. 

Those same homes then sold in 63 days on average after staging.  63 days = 2 months.  HMMMM...

78% LESS TIME ON THE MARKET!!!!!

Okay, so I hear you saying "but I don't have a vacant home, I still live in mine", so check this out:

Occupied homes previously on the market:

The same study from RESA includes occupied homes (not staged) previously on the market with an average of 233 days unsold. 233 = 7.75 months.  OY!

Those homeowners had their properties staged. 

Those same homes sold in 53 days on average after staging. 53 days = less than 2 months.  WOW.

78% LESS TIME ON THE MARKET!!!!!

Seeing a pattern yet? 

If you are going to sell your home, take the time and effort to have it staged. It will definitely save you money in the long run (...and I haven't even calculated the holding costs for you).  

So, would YOU like to potentially avoid throwing that money away and just get through an already stressful process?  Check THIS out:

Vacant and Occupied Homes 

Staged Before They Went On The Market

RESA

BAM!  

Yes, you read that correctly:  40.5 days = just over 1 month.  REALLY.

Yes, these numbers are from 2009, the 2010 research is still being compiled & analyzed but even if it changes + / - by a few percentage points, ask yourself:

 Which group do YOU want to be counted in for our 2011 statistics?