I’m moving from Northern CAL (previously hot market) to Phoenix (also a market that has peaked and turned downward.) There is so much inventory in my city that I priced my home 50K below recent sales. None of my friends’ homes had showings, and we had 13 in 2 weeks, and still sold 12K below asking price. Now I’m looking at AZ, and there are a TON of homes for sale, and I’m seeing a lot of “Price Reduced” signs. But still, a lot of homes are priced at the same levels from a year ago (which is too high.) If someone wants to sell, shouldn’t they be advised to list at a lower price? That’s what my CA agent told me, and I sold in 2 weeks.
Posted in Homes For Sale
Tagged asking price, ca agent, city, Estate, Home, Homes for sale, hot market, inventory, lot, market, none, none of my friends, northern cal, Phoenix, price, Real, real estate agents, showings, SIGNS, Ton