This Condo Sold $500,000 Off Its List Price!

September 8th, 2014 Written By

Four Seasons, Brickell

Believe it or not, the condo market is very predictable.  With activity levels so high, it is fairly easy to come up with solid comparables on any unit in any building.  This means that if you are priced completely out of whack with the market, buyers won’t bite.  The perfect example of this is Unit 3506 at The Four Seasons Millenium Tower.  This condo came on the market back in March of 2013 for a list price of $1,703,500.  It was the highest priced listing in the building’s history.  It was listed for sale for over 12 months at the same price and finally closed in August of this year for $1,200,000 – nearly 30% off of its’ list price.

Some sellers try to test the market at a high price, but that usually leaves potential buyers with a bad taste in their mouth.  Buyers will shy away from making an offer on overpriced properties because they feel that the seller is unrealistic.

If you truly want to sell, you should work with an experienced Realtor who will help you price it properly so that you can get the most amount of money in today’s changing market.

We know the numbers and track the Brickell real estate market.  If you would like to schedule a buyer or seller consultation, please feel free to contact us at 305-960-5317 or send us a note here. 

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