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I just ran a “hotsheet” report on the price reductions over the past 2 days. I’ll admit that I find some of what I see puzzling as I’m not sure what the benefit is to do some of these reductions. For example:

– Atascadero home on the market for 89 days went from $469,500 to $469,000
– Atascedero home on the market for 34 days went from $1,175,000 to $1,170,000
– A Los Osos home on the market for 147 days went from $489,900 to $489,000
– A Morro Bay home on the market for 77 days went from $1,198,500 to $1,198,000
– A Templeton home on the market for 84 days went from $485,900 to $485,000

But, there were some that are trying to sell:

– A Cambria home on the market for 335 days went from $11,900,00 to $9,900,000
– An Arroyo Grande home on the market for 394 days went from $980,000 to $900,000
– A Lompoc home on the market for 38 days went from $615,000 to $499,000
– A Paso Robles home on the market for 64 days went from $607,500 to $519,000
– A Pismo Beach home on the market for 413 days went from $1,550,000 to $1,395,000
– A San Miguel home on the market for 21 days went from $1,199,000 to $999,900
– A Santa Maria home on the market for 209 days went from $498,000 to $398,000

Written by Keith Byrd - Go to Keith's Website/Profile