Of the 503 properties that have sold in our market to-date in November and December 2008, 212 (42%) received price reductions of an average 5.2% before they were sold.
This represents a shift in a market that has been characterised by properties selling near or even over their original list prices. Typically, well priced properties are expected to sell for 97-98 percent their asking price.
Curious about today's value for your property - give me a call for a no-obligation meeting.
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