"Has The Price Been Reduced?"

By
Real Estate Agent with EWM Realty, International 3028618

In all markets and in all price ranges the first question most buyers ask is "Has the price been reduced?".  And rightly so.  50% of the homes sold this year in Coconut Grove made one or more price reductions before going under contract.  That means that 50% of the sellers out there start at a price that is out of line with its true market value.  This is just another reason that it is essential to use the services of a local realtor who can give you an accurate assessment of a home's price.

To view a list of homes that have made a 10% or more price reduction in the past few months, click here.

Visit my Coconut Grove real estate blog for daily news, statistics and opinions on Coconut Grove real estate.  To view this post in its original form, click here.

If you are interested in buying or selling real estate in Coconut Grove and are looking for an experienced Realtor please do not hesitate to contact me at 305.342.1623 or send me a message here.

To stay updated with all Coconut Grove real estate information, receive my blog posts via email by subscribing here.  Once you register, you must activate the subscription in a follow-up email

Posted by

Riley Smith | The Riley Smith Group

Coconut Grove Real Estate Specialist

Direct: 305-342-1623

Office: 305-960-5318

Address:

3560 Main Highway, Coconut Grove, Florida 33133

Comments (1)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

We are seeing this a lot in our market reducing the price in order to compete with all the REO and short sales on the market.

Sep 17, 2010 05:30 AM