ErraBook_monagadu Posted June 4 Report Posted June 4 Last week 1.3M listed house sold for $1M. This week $1M house sold for $835K. desperate sellers are taking whatever they get and exiting. Literally there are 100 listings smaller size listed at higer price but not selling for months. Now all of them have to reduce price to 800k. https://www.zillow.com/homedetails/2574-Luna-Ave-Tracy-CA-95377/300276132_zpid/ Quote
Android_Halwa Posted June 4 Report Posted June 4 I know a situation where the builder quotes almost 900k about 8 months back and last week the sales guy reached out again, this time the price is 850k plus no lot premium plus 35k worth upgrades plus 20k towards rate buy down/closing. Quote
ErraBook_monagadu Posted June 4 Author Report Posted June 4 The downtrend is at faster rate each week Quote
ErraBook_monagadu Posted June 4 Author Report Posted June 4 This is supposed to be peak sales season, imagine the situation end of the year, complete collapse. Redfin and Zillow estimates will update by next month to reflect the current market prices, then panic begins Quote
Popular Post RPG_Rel0aded Posted June 4 Popular Post Report Posted June 4 1 hour ago, ErraBook_monagadu said: Last week 1.3M listed house sold for $1M. This week $1M house sold for $835K. desperate sellers are taking whatever they get and exiting. Literally there are 100 listings smaller size listed at higer price but not selling for months. Now all of them have to reduce price to 800k. https://www.zillow.com/homedetails/2574-Luna-Ave-Tracy-CA-95377/300276132_zpid/ frisco lo 700k house selling for 400k 5 Quote
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nokia123 Posted June 5 Report Posted June 5 23 hours ago, RPG_Rel0aded said: frisco lo 700k house selling for 400k 1 Quote
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