Friday, July 02, 2004
52 New Listings on Caravan
This morning's Friday SVMAR Caravan had 52 new listings. Before the listings were pitched, there were approximately a dozen price reductions and of those reductions, half had raised commissions as incentives to try and get these properties sold. The over pricing phenomenon of earlier this year has clearly run it's course. Homes that are priced above comps are not selling.
This morning's breakdown is as follows:
23 - Four Bedrooms
15 - Three Bedrooms
8 - Five Bedrooms
5 - Condominiums/Townhomes
1 - Two bedroom home.
3 of the condominiums and one home had sold before our meeting this morning.
This morning's breakdown is as follows:
23 - Four Bedrooms
15 - Three Bedrooms
8 - Five Bedrooms
5 - Condominiums/Townhomes
1 - Two bedroom home.
3 of the condominiums and one home had sold before our meeting this morning.
