Bonnie's Blog: Hollywood News and Market Info.

Howdy South Florida:  How about the Typhoon we had yesterday.... yikes.. bus benches on Stirling Road were under water in less than 30 minutes.  It was crazy!!!   My sellers on Sarazen Drive had to postpone their move one day because the movers were at a standstill for 3 hours and couldn't even take one box out of the house with all the water!!

We had A LOT of activity in our area this week:

NEW LISTINGS: 38 homes

WENT UNDER CONTRACT: 8 homes  

CLOSED SALES: 10 homes (mine included...yippie!!)

HOMES THAT CANCELED THEIR LISTING: 13 homes

HOMES THAT EXPIRED AND DID NOT SELL: 20 homes

SELLERS THAT REDUCED THEIR PRICES:  40 homes

What is interesting and important to note is the number that went under contract - 8- versus the number of new inventory - 38.   The market is flooding with listings and the ones that are priced right or continue to reduce to accomodate the buyers are the ones that sell.  

Consider pricing right when you first list your home so you can make the market, not chase it down with price reductions after the intital excitement of your new listing wears off, which is only a few short weeks.

Buyers..... there are many, many sellers that MUST move for different reasons.   Get off the fence and make offers...

As always, please email me, ask questions, post a comment.

Serving Emerald Hills, Hollywood Hills, East Hollywood and Aventura!!

www.HomesInHollywoodFlorida.com

Until next time,

Bonnie