The latest on Coconut Grove's Real Estate market and business, political and social information that could impact on it.
Friday, March 19, 2010
WE'RE STILL OUT OF TOUCH
In today's Herald on the front page of the Business Section, check out the report on asking prices for our homes. Most of us are listing our houses outside today's values, which should be about 30 percent from 2006 highs. Clients who don't recognize the down swing in values always ultimately sell their homes for less than if the homes were priced right at the beginning. Recently, a client over-priced his home at $2.2 million and early-on rejected $1.8 million. After a series of price reductions, he accepted $1.665 million. Have us come in and give you an honest price analysis.
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