August figures from Trulia.com show that 27 percent of sellers dropped listed sales prices on homes and condos. The average cut was 15 percent, representing a $749 million drop in the total value of properties for sale, the company said. In Broward County, 23 percent of buyers dropped asking prices by an average of 14 percent. That shaved about $312 million from total sales value, Trulia.com said.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|