Coldwell Banker (and CB Burnet locally) is currently running a "10 Day Sales Event" where SOME of their listings are priced reduced UP TO 10% off. For Sellers willing to take the price reduction, Coldwell Banker is featuring them in a special page on their web site and CB appears to be spending a lot of money on radio ads and text links. According to a press release announcing the event, a survey of CB agents recently conducted showed they thought their listings were still overpriced. Consequently the … [Read more...]
Builders Clearing Out Inventory
August 25, 2008 by Leave a Comment
I received an email this weekend from a builder advertising models that were marked down 20% + ($100k+) from their original prices (but marked down incrementally). I also saw another builder marking their inventory down in the MLS a similar amount too. This suggests to me that builders understand that we're nearing the end of the strong sales season and that they need to price reduce now to sell these homes soon or they will be left holding them all winter! … [Read more...]
