price-reduction
Trulia’s November Price Reduction Report – Home Sellers Cut $28.1 Billion off Asking Prices
photo credit: lepiaf.geo Our November home price reduction report shows 25.6% of U.S. homes as of November 1, 2009 have experienced at least 1 price cut of their original asking price during the last 12 months. The total amount slashed off of active for sale listings by home sellers is $28.1billion. The average national price reduction remains 10%. Over 40% of the top 50 metros around the U.S
Price Reductions – Hedge Fund Homes – CNBC
Trulia and CNBC have put together a list of Hedge Fund Homes with some pretty large price reductions. If you’re looking in the New York City area for an ultra high-end home that could be had at a significant multi-million dollar discount, please check out the hedge fund home slides how here . According to CNBC: “These lavish homes in close proximity or actually in New York City are typical of the Wall Street elite, and are also examples of some of the most significant price drops in the area over the past several months.” Related Posts Price reductions to help attract buyers Trulia CEO Pete Flint on CNBC – Report Card on Home Prices Trulia CEO Pete Flint on CNBC Talking about Increased Home Buyer Interest in Foreclosures Trulia July Home Price Reduction Report – Sellers Cut $27.1 Billion from Asking Prices Trulia’s August Price Reduction Report – Home Sellers Cut $27.8 Billion off Asking Prices
Homebuyers Lose a Bit of Negotiating Power in August
Buyers negotiated slightly smaller deals in August than they did in July, negotiating 3 percent off the last listing price of a home, rather than 3.3 percent in July, according to Zillow’s August Real Estate Market Reports (which will be up on the site next week). That translates to a median discount of $6,525, as opposed to $7,018 in July. It’s also down from January 2009, when buyers had the most negotiating power and were paying 4.5 percent less than the last listing price, or a median of $10,069.
Trulia’s September Price Reduction Report – Home Sellers Cut $28.5 Billion off Asking Prices
photo credit: AMagill Our September home price reduction report shows a fourth straight month of increases. 26% of U.S. homes as of September 1, 2009 have experienced at least 1 price cut of their original asking price. Since June, the percentage of price reductions has increased by 10%. The total amount slashed off of active for sale listings by home sellers is $28.5 billion
Zillow July Market Reports: Florida Homebuyers Have Most Negotiating Power
It’s an opportune time for homebuyers to negotiate, especially if you’re aiming to purchase a house in Florida . According to the July 2009 Zillow Real Estate Market Reports, July homebuyers paid 3.3%, or a median $7,039 , less than the last listing price of the home . That’s on top of the price reductions that sellers are making before they get to the negotiating table – 22.8% of all listings on Zillow had a price reduction before the end of August, and the median price reduction was 6.5%. In some Florida metros, that savings is even greater.
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