A few weeks ago I wrote a post about the “optimistic” asking prices for the new homes coming on the market in Winston Trails.
As I do every day, I monitored the active, under contract and sold activity in here. Here is some interesting news:
This week, 24 % of the homes on the market in Winston Trails had a price reduction! 9 homes out of 37 currently on the market failed to sell and reduced their prices. Of the remaining 28, 5 are brand new this week (so no reduction yet)…that leaves 23 for me to do some more research on.
Out of these 23, 12 have had at least 1 price reduction. The other 11 have been ‘holding firm’ for anywhere from 26 days to over 240 days without selling or reducing their asking price.
So if we don’t factor in the brand new listings…that means 66% of all of the Winston Trails homes on the market have lowered their asking prices at least once.
(Read my post below this entitled “Dirty Little Secret”)
I am going to continue to keep an eye on this trend…and report it right here.
Thanks for reading and indulging my penchant for (sometimes) boring details.
Steve Jackson
561.602.1258
