Sales of Pasadena homes remain fairly consistent. In April 20% of the homes sold in Pasadena were short sales or foreclosures, in May 18%.
The price per square foot and the average Pasadena selling price each increased (highest level for the year). Get more info…
Net prices continue to decline because many builders are finding that they can generate some sales via concessions, which wasn’t true last year after the tax credit expiration.
We asked builders across the country to tell us about the incentives and contributions that contributed to their pricing last month. Here is a breakdown of concessions being put into effect:
To View Average Concessions by Type Graph, use this link: http://realestateconsulting.com/content/LBMI-201106_2
The typical path of declining prices starts with higher incentives (such as free options/upgrades and contributions to closing costs) that are eventually converted to across-the-board price cuts.
Below are 4 sales of Sarasota luxury homes. All of the homes were listed by Realtors with Michael Saunders and Company. Photos courtesy of the the listing agents. Congrats to all of them for the sale.
What a gorgeous home. This Bird Key home was listed November 15th, 2010, had a contract November 24th, 2010 and closed February 7th, 2011. The list price was $4,800,000 and the sales price was $4,500,000 (public record).