Sellers have had to reduce their expectations of Price

By
Real Estate Agent with Coldwell Banker Schmitt Real Estate
https://activerain.com/droplet/5kSv

The important takeaways concerning the first half of 2019:


While the market in 2019 has certainly outperformed the early prognostications with more sales, higher average sale prices and shorter marketing times, sellers have had to give ground to buyers to achieve those results in terms of their overexuberant expectations.  Over 80% of the entire inventory of properties for sale suffered a price reduction in the first half of 2019 and the depth of those price reductions increased more than 50% over the prior year. 

 

 Sellers have had to reduce their expectations of price in unprecedented numbers to an unprecedented degree to attract a buyer in 2019.  Overall, average sale prices in the Keys continued to rise largely because of the gains in the luxury market.

Average List Price reduction during the listing term for Sold Properties was 4.6%



What Price Would you Sell For? Find out Now! How Much your Home or Property could sell for in Today's Market.

 

Have you considered selling your Middle Keys Property in 2019? No more working with JUST an agent. Ashkarian/Ardis Award-Winning Marketing Team is what it takes to sell your home. Discover our Secret Sauce.

 

Find out how much your home is REALLY worth today. NOW is the time!

 

Click The Picture Below to Get a Free Comparable Market Analysis 

 

 

 

Are You Ready to Buy a Home? 

SOLD SOLD

305-395-0814 cell/txt 

Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate

International President's Elite Award
11050 Overseas Highway, 
Marathon, Fl 33050 
Land Line: 305-289-6492,

www.SearchFloridaKeysHomes.com

 

 

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Lela Ashkarian, PA, CRS, GRI, e-PRO

Coldwell Banker Schmitt Real Estate

International President's Circle

11050 Overseas Highway

Marathon, Fl 33050

305-395-0814

lela@coldwellbanker.com

 
P.S.My Purpose is for you to be so outrageously happy with the help I provide you that you'll gladly introduce me to at least two people you really care about before I even sell your home/help you buy a new home.  Not because you feel obligated, but because you truly believe they will benefit.

 

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Topic:
Home Selling
Tags:
price reduction
top producing agent
real estate
marathon florida
real estate florida keys
florida keys area real estate

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Rainmaker
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Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

I just read an article this morning on Brick Underground titled What Happens to NYC Residential real estate -  The section regarding sellers stated that in a downturn sellers take longer to react to market conditions .  If sellers want to sell they will have to as you say adjust their price expectations . 

Sep 05, 2019 12:19 PM #1
Rainmaker
188,855
Lilas "Lela" Ashkarian
Coldwell Banker Schmitt Real Estate - Marathon, FL
Ashkarian PA, ABR, CRS, E-PRO, GRI,SFR

That's right at least in my area.  have the best day of your life and make a super great year. Thank you for noticing 

Sep 05, 2019 12:38 PM #2
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Rainmaker
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Lilas "Lela" Ashkarian

Ashkarian PA, ABR, CRS, E-PRO, GRI,SFR
Connect with Lela 305-395-0814
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