What's the success rate of listings selling in your price range?

This is an interesting update from the Cromford Report. The listing success has a lot to do with the price.  

It is not often mentioned that listing success rate has an inverse relationship with the price range of the property. If we look at the ARMLS database for Greater Phoenix during the period 2000 through 2014 we see the following listing success rates for list price ranges:

1. Under $200,000 - 69% success rate
2. $200,000 to $500,000 - 55% success rate
3. $500,000 to $1,000,000 - 42% success rate
4. $1,000,000 to $2,000,000 - 36% success rate
5. $2,000,000 to $3,000,000 - 29% success rate
6. $3,000,000 to $5,000,000 - 25% success rate
7. $5,000,000 to $10,000,000 - 20% success rate
8. $10,000,000 to $15,000,000 - 9% success rate
9. $15,000,000 to $20,000,000 - 6% success rate
10. $20,000,000 and over - 0% success rate

No home has sold through ARMLS for more than $12,500,000 and only 4 have sold for more than $10,000,000 over the last 15 years.

There are currently 2 homes in pending status over $10,000,000, one of which is listed for $16,000,000. If this homes closes for more than $12,500,000 it will set a new record.

There are currently 8 homes listed for more than $10,000,000. This is unusually high and represents a 30 year supply given that only 4 homes have sold through ARMLS for more than $10,000,000 since 1999.