Washington

Michael Formant

Formant Property Group, LLC

Michael Formant

Formant Property Group, LLC

$620kmedian price

7homes sold

1buyer transactions

Michael Formant's Top Cities

Listings closed in the past 24 months

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Washington8

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Performance Summary

Since January 2023, Michael Formant has closed 7 transactions representing homeowners, and 1 transactions representing buyers with a total production value of $5M and a median price of $540k. Most of Michael Formant's transactions are townhomes.

District of Columbia

Select a market segment:

All Property Types

All Price Ranges

$300k or less

$300k-$600k

$600k-$1M

Listing Activity

ACTIVITYNumber of listings

Market Average

Closing Performance

PERFORMANCECLOSE RATE

100%

Market Average

55%

Pricing Precision

PRECISIONList-to-Sale Price Ratio

96%

Market Average

99%

Speed To Sale

SPEEDDays on Market

11 Days

+55% faster

Market Average

17 Days

Michael Formant’s Performance by City

Compare Michael Formant’s performance to other agents based on price range and property type.

Washington, District of Columbia
ZIP: 20003
ZIP: 20020
ZIP: 20012
ZIP: 20002
ZIP: 20018

Select a market segment:

All Property Types

Single Family Homes

Condos

Townhomes

All Price Ranges

$300k or less

$300k-$600k

$600k-$1M

Listing Activity

ACTIVITYNumber of listings

Market Average

Michael Formant has sold 7 listings in Washington. The market average for similar properties sold in this area is 2, meaning Michael Formant has sold 4 times more properties than their peers.

Closing Performance

PERFORMANCECLOSE RATE

100%

Market Average

55%

Michael Formant has a close rate of 100% for listings in Washington. The market average for similar listings in this area is 55%, so Michael Formant has closed 45% more listings than their peers.

Pricing Precision

PRECISIONList-to-Sale Price Ratio

96%

Market Average

99%

Michael Formant closed listings in Washington at 96% of the original listing price. That’s a drop of 4% from the original listing price. The market average in this area is 99%, meaning Michael Formant drops the listing price by 3% more than other agents selling similar properties in this area.

Speed To Sale

SPEEDDays on Market

11 Days

+55% faster

Market Average

17 Days

Michael Formant's average days on market for listings in Washington is 11 days. The market average for similar properties is 17 days, meaning Michael Formant closes listings 54.5% faster than their peers.

Listing History

Address

Details

Represented

Sell Date

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