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We are Coconut Creek Real Estate Specialists. After many years of working in real estate in Coconut Creek, we have made it our business to know anything and everything about the market here.

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Coconut Creek Real Estate Sellers Continue To Price Cut Home Asking Prices

Today, I was quoted in the Sun-Sentinel article: South Florida house prices: ‘Price Reduced’ becoming the new normal.  While 14% of ALL active home listings in surrounding Coral Springs and Parkland received major price reductions, current sellers must take notice!  The average price reduction for each home is approximately 11% in Broward County.

Trulia.com, a popular online real estate website, shows that current home prices in Broward County have fallen to 2004 price points.  Now, the median sales price in Broward is currently $206,700.

Many sellers want to unrealistically price their homes above the competition thinking that they can always come down in price.  There is that one buyer out there who will pay my price, right?  WRONG!  Today, buyers have a plethora of information to look at and dissect before putting in an offer.

We always tell our clients to price their home very close to market value and not overprice and chase the market down.  Most listings receive numerous price reductions before receiving a formal written offer.   The first 30-45 days of the new listing is the most important, as the home will get the most exposure and attention from potential buyers!

Why wait for a needle in a hay stay?  Price your home correctly, and you will end up netting MORE money in your pocket at closing!!  You can’t control the market, but you can learn from the past in order to make an informed decision on the right price to list your home from day one.

If you are interested in buying or selling real estate in Coconut Creek or South Florida and are looking for experienced local Realtors, please do not hesitate to contact us at or send us a message here.

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