Often reduced prices indicate a Seller who is informed about recent sales, and to keep his home in line with his competition, adjusts his price. There were 9 price reductions on Coral Gables listings this week. The reductions were from $50,000 on the low side and as high as $199,000 on the upper end. The average price reduction was $96,555 and the average days on the market prior to a reduction was 5 months. The longest time period between listing andprice reduction was 1 year and the shortest time was only 6 days. Know the market, call Sheryl DiCarlo 305.332.3256 before making your next real estate move.
Photos of a few of the newly priced Gables homes:
