John:
The average sales to list price this past quarter is about 15 to 20% off list price. The ratio between the original list price and final sales price can end up being much higher. Our prices continue to be under pressure due to the high inventory, although there is alot of buyer activity within the past few weeks. We have several multiple offers going in our office currently on properties, so buyers are starting to see value and there buying. There are alot of good deals out there right now and the buyers that are getting the great deals are the ones making offers, lots of offers. Don't miss the boat! Give me a call and I can get you hooked into a great deal too.
I can send you a copy of our most recent newsletter which contains all of the market statistics and figures that may answer your questions about the trends and outlook.
Capt. Dave Wiley
Coldwell Banker Schmitt Real Estate Co.
305-942-6210 - Fri Jan 9 2009, 14:06