{"id":22649,"date":"2009-07-11T14:26:16","date_gmt":"2009-07-11T18:26:16","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=22649"},"modified":"2015-04-07T19:52:57","modified_gmt":"2015-04-07T19:52:57","slug":"will-housing-prices-continue-to-drop","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/","title":{"rendered":"Will housing prices continue to drop?"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">The answer is yes.\u00a0 In fact, they\u2019re dropping daily, just like they always have. Asking prices that is. Most sellers start out at a price just higher than buyers are willing to pay to test the market trying that higher asking price first, hoping to\u00a0get lucky. <\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">When no offers come they drop their price, timed by varying levels of patience and need.<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Bottom line is that in any market, asking prices are lowered. It&#8217;s an ever changing process; a blend of prices dropping with properties selling and properties entering the market, all in varying stages of the sale process.<\/span><\/span><\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Buyers typically make their initial offer low for the same reason a seller starts out high, basing the offer amount on the current asking price.<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small\"> <\/span><\/p>\n<div id=\"attachment_22658\" style=\"width: 160px\" class=\"wp-caption alignright\"><img aria-describedby=\"caption-attachment-22658\" loading=\"lazy\" class=\"size-thumbnail wp-image-22658\" src=\"https:\/\/www.ewmrealestate.com\/blog\/files\/2009\/07\/img_4897-medium-150x150.jpg\" alt=\"11724 SW 108 Lane\" width=\"150\" height=\"150\" \/><p id=\"caption-attachment-22658\" class=\"wp-caption-text\">11724 SW 108 Lane<\/p><\/div>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Here&#8217;s a 3\/2 villa with 1155 sq ft, 1-car garage and screened patio <\/span><\/span><\/span><\/span><\/span><\/span>in<span style=\"font-size: small\">Villas of Towngate South. It was just reduced from $190,000 to $175,000.<\/span><\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">If you were a buyer shopping for a villa in this price range, is it a good deal or a great deal?<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\"> <a title=\"11724 SW 108 Ln\" href=\"http:\/\/v2.sharperagent.com\/Boomerang\/WebPost.flx?userID=3C622590-45FF-4608-9945-965320712F39&amp;flashxml=9907659&amp;flashfile=9907658&amp;domainID=93&amp;w=800&amp;h=600\" target=\"_blank\">Click for a tour<\/a><br \/>\n<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<div><\/div>\n<p><span style=\"font-size: small;font-family: Times New Roman\"><\/span><\/p>\n<div id=\"attachment_22657\" style=\"width: 160px\" class=\"wp-caption alignleft\"><img aria-describedby=\"caption-attachment-22657\" loading=\"lazy\" class=\"size-thumbnail wp-image-22657\" src=\"https:\/\/www.ewmrealestate.com\/blog\/files\/2009\/07\/img_4875-medium-150x150.jpg\" alt=\"Villas of Towngate South\" width=\"150\" height=\"150\" \/><p id=\"caption-attachment-22657\" class=\"wp-caption-text\">Villas of Towngate South<\/p><\/div>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">Knowing the value of the property and if the current asking price is high, low, or an outstanding deal is now more important than ever as Miami-Dade continues through the market cycle.<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Competition is already increasing as the number of available homes for sale\u00a0decreases. <\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">It&#8217;s time to fine tune you&#8217;re buying strategy to get the deal you want.<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Need some help with your strategy? <\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\"><span style=\"font-size: small;font-family: Times New Roman\"><span style=\"font-family: Georgia\">Call me.\u00a0I&#8217;d be happy\u00a0to assist. \u00a0786-205-4207<\/span><\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0pt\">\n","protected":false},"excerpt":{"rendered":"<p>The answer is yes.\u00a0 In fact, they\u2019re dropping daily, just like they always have. Asking prices that is. Most sellers start out at a price just higher than buyers are willing to pay to test the market trying that higher asking price first, hoping to\u00a0get lucky. When no offers come they drop their price, timed<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5661,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12325],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will housing prices continue to drop? - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will housing prices continue to drop? - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"The answer is yes.\u00a0 In fact, they\u2019re dropping daily, just like they always have. Asking prices that is. Most sellers start out at a price just higher than buyers are willing to pay to test the market trying that higher asking price first, hoping to\u00a0get lucky. When no offers come they drop their price, timedRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2009-07-11T18:26:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-07T19:52:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Victor Mills, Broker Associate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Victor Mills, Broker Associate\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\"},\"author\":{\"name\":\"Victor Mills, Broker Associate\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/34cdd86b011423031e0101067aba63cb\"},\"headline\":\"Will housing prices continue to drop?\",\"datePublished\":\"2009-07-11T18:26:16+00:00\",\"dateModified\":\"2015-04-07T19:52:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\"},\"wordCount\":275,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"miami-dade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/will-housing-prices-continue-to-drop\/\",\"name\":\"Will housing prices continue to drop? 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