KENNETH BARGERS BLOG

Realtor, Tennis Player, Titans & Vols Fan, Nashvillan

Posts Tagged ‘seattle

5 Markets with the Largest Price Drops

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The number of homes where sellers have cut their asking price is up 17.6 percent, according to a ZipRealty survey that analyzed MLS-listed properties in 26 markets. 

“In more than half of the surveyed markets, sellers are averaging at least two reductions in price,” says John Oldham, director of marketing for ZipRealty. “Inventory has grown throughout much of the year. As sellers face the pressure of more buying options, they seem to be discounting to attract buyers resulting in list prices being cut for over 46 percent of the homes.” 

The median reduction amount has averaged 1.7 percent to $19,088. 

Florida leads the nation in the largest percentage of discounts to the original list price, with Orlando (12.5 percent discount), Jacksonville (12.1 percent), and Miami/Ft. Lauderdale/Palm Beach (11.9) leading the pack. 

The top 5 markets with the largest overall median price reduction in absolute dollars include

  1. San Francisco: $32,500 median price reduction
  2. Orange County, Calif.: $31,000
  3. San Diego: $29,100
  4. Miami/Ft. Lauderdale/Palm Beach: $25,000
  5. Seattle: $25,000

Source: “ZipRealty’s Monthly Price Reduction Index Reports Double Digit Increase in Number of Price Reduced Home Listings Over Last Year,” ZipRealty (Feb. 10, 2011); Blog distribution provided by Kenneth Bargers and Bargers Solutions residential real estate services located in Nashville, Tennessee

Foreign Buyers Snatch Up U.S. Property

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Foreign investors are swarming Miami, buying up property and paying with cash. 

Individual investors from Argentina, Canada, Columbia, France, Israel, Italy, Norway, and Venezuela are investing in what they see as a fire sale of U.S. property. 

“I have never seen such a high concentration of foreign nationals acquiring real estate,” says Peter Zalewski, who has been in real estate for 15 years and founded Condo Vultures, a consulting and brokerage firm. “Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.” 

Practitioners say they are also seeing similar sales in Seattle, Washington, D.C., New York, Las Vegas, Los Angeles, and San Francisco. 

To meet demand, real estate brokers are hiring sales associates who can speak multiple languages and are investing in overseas marketing tools. 

Source: Associated Press, Michelle Conlin (10/04/2010)

10 Best Cities for Working Women with Kids

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ForbesWoman calculated the best cities for working females raising children. To pick the 10 best, it factored in crime rates, quality of the schools, availability of good healthcare, employment opportunities with high earning potential, and a budget-friendly cost of living. 

Here are their picks

  1. Minneapolis-St. Paul, Minn.
  2. Washington, D.C.
  3. Boston, Mass.
  4. Pittsburgh, Pa.
  5. Baltimore-Towson, Md.
  6. Denver, Colo.
  7. Hartford, Conn.
  8. New York, New York
  9. Seattle-Tacoma, Wash.
  10. Buffalo-Niagara Falls, N.Y.

Source: ForbesWoman, Meghan Casserly (07/26/2010)

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