Please find below the results of our Asking Price Report for 2009 which shows results for median and average pricing for new listings for the entire year. The year started out down as median priced continued to drop by nearly 5% and average price was down by 6.7% in the first 3 months of the year. The second and third quarter showed rebounding asking prices however overall for the year median an average price on an annual basis was down 16.1% and 18.8% respectively compared to 2008. Every region tracked had significant decreases in both median and average asking price. The overall median and average and median asking prices fell below 2005 levels. It should be noted that buyer activity picked up in the third quarter which should increase demand, and price increases within 6 to 12 months, however nationwide home equity and new financing regulations may keep growth in asking prices down.
Written by Restaurants For Sale Online
The information in some of our articles has been provided by Restaurant Realty Company in collaboration with Restaurants For Sale Online. Restaurant Realty Company and Restaurants For Sale Online assumes no responsibility for decisions made by buyers, sellers or other parties to any transaction. Information has been provided based on experience and research. The results of various articles and studies reflect such information. Restaurant Realty Company and Restaurants For Sale Online assumes no responsibility for pricing or recommendation of pricing to any of our users. If you are interested in buying a business, Restaurants For Sale Online, LLC recommends you do your own due diligence to verify the source of any information provided to you by a seller and/or intermediary. If you are interested in selling your business, Restaurants For Sale Online recommends you contact an intermediary that specializes in transactions similar to the respective business.