Just Wait…The Price Will Fall On This Coral Gables Home!
December 20th, 2009 Categories:Selling in Coral Gables
I first noticed this Coral Gables home for sale because it is a particularly large home (3,956 square feet with 6 bedrooms and 4.5 baths) priced under $1,000,000. Then I began to notice on my daily hot sheet that it was being reduced every few weeks by a thousand dollars. Below is a sample of the recent price reductions, but keep in mind that the price reductions have been going on like this since 2006 when it was originally priced at $949,999.
I find this quite funny, and it is the ultimate example of chasing the market (albeit slowly).
- 10/26/2009: $799,999
- 11/07/2009: $799,998
- 11/17/2009: $799,997
- 12/20/2009 $799,996
The price is currently at $799,996 but check back tomorrow for another price reduction!! Why would anybody buy this house now, the price is sure to continue to go down!
If you are interested in buying or selling real estate in Coral Gables, feel free to contact me at 305.342.1623 or via email at smith.r@ewm.com.
