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Figures from the National Association of Estate Agents on Thursday showed almost three-quarters of homes sold in January went for less than the asking price.
Even the week's top sale, a 1936 Mercedes-Benz 540K Special Roadster that brought $11.8 million at a Gooding event on Sunday, went for less than some experts had expected — perhaps by as much as $5 million.
In Stone Harbor, where the price of admission is considerably steeper, of the 41 single-family houses sold in the first half of 2002, none went for less than $300,000.
Although overall prices are down "at least 20percentt" since 2006, says Jaime Sneddon, a broker at William Raveis Real Estate, and although a third of the sales he handled in the first six months of 2009 went for less than $1 million, the average is still $1.6 million.
Also, I'm hearing independently that the deal went for less than $15 million.
A lack of mortgages meant the market started to stagnate and the properties that did change hands went for less than they would have done a few months previously.
Similar(51)
Basic versions go for less than $10.
These now go for less than FFr150.
Officers, including his predecessor, have gone for less.
Sprawling plates of pasta go for less than $10.
(The suggested retail is £629.99: it goes for less).
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