Condition notes need to be consistent rather than free-form impressions. A simple separation between move-in-ready, requiring limited work and requiring substantial work would at least prevent obviously different units from being averaged together. The labels can be imperfect as long as the same standard is applied.
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Seoul serviced apartments: is 110 days a real market signal?
- Thread starter DaanGale
- Start date
bikesAndWall
Construction professional
On the tax point, I would verify that every comparison is using the same assumptions before calling something an outlier. The relevant treatment can depend on the particular property and buyer circumstances, so forum-level estimates should not be substituted for advice specific to a transaction.
Mateo’s question improves the exercise. For a purchase decision, I would use the data to identify negotiating room: total exposure, timing of cuts, comparable completions and signs of seller urgency. The broad 110-day number is context, while the history of the particular unit is actionable.
Before bidding, ask for the closest recent completed comparisons and check whether they truly match the location and condition. If the only support comes from active asking prices, that is weak evidence. Active sellers can all share the same optimistic view without any buyer validating it.
Seller motivation can be tested through questions without pretending to know the answer: why is the unit being sold, how long has the current price applied, and has the seller rejected earlier offers? The responses may be incomplete, but inconsistencies can still help explain a long listing period.
I would not wait solely because listing volume rose. Wait if the new stock is becoming more comparable, price cuts are spreading, or withdrawals suggest sellers have not accepted current demand. If suitable units are still scarce, the headline increase may offer little practical leverage.
The clean next step is a narrow shortlist and a unit-level history for each candidate. Compare those with recent local completions, retain withdrawn stock in the picture, and keep tax or condition outliers separate. That should turn the 110 days from a questionable market claim into one useful input for deciding whether and how much to bid.