7. Gulf Real Estate properties just signed contracts for two new listings: a Gulf View condominium with a list price of $589,000 and a No Gulf View condominium with a list price of $285,000. What is your estimate of the final selling price and number of days required to sell each of these units

The answer is "135 days"

Explanation:

Condo with a list price of Gulf View

They recognize for a Gulf View the preciously calculated summary analysis

The average cost list for a condominium is474.0075 and that average sale value is 454.245.

We also are selling $20,755 underneath the selling price on average.

Therefore a typical condominium in the South View is selling 4.38% well below the price list.

The estimated sales price is thus approximately $563,210

The amount of times that mine device needs and be delivered is an approximate 106 days of median number calculated at a number 1.

No condo Gulf Views $285,000 List price

Through the previously calculated concise figures, we learn that the average price list is 212.805556 for a Non-Gulf View Condominium or that the total selling price is 203.133333.

We sell $9,673 below the value of the total on average.

Therefore a condo in No Gulf Vision offers on aggregate 4,545% well below the selling price.

The average price is therefore approximately $272.045.

My projected place to trade this unit is the number of days in number 2 measured to be 135 days.

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