EWM’s Coral Gables office had our office meeting a couple of hours ago. Last week our office alone had over $9,000,000 in sales.
We had 13 residential sales and 9 new residential listings. Out of the 13 sales, 4 went over the asking price and 2 sold at list price, and two sold within $4,000 of list price. The market is still moving and if your property is priced right it will sell fairly quickly and close to asking.
If you are a buyer, learn the market where you are purchasing and get information on relevant sales in the neighborhood where you want to purchase. That way you can make an informed offer when you find the property you want. Unless a property is overpriced for the area, chances are you will not get the property if you low ball your offer.