Sales and private prices have dropped by 40-50% in some areas. In Santacruz West, deals start at 35-38k psqft. Buyers can bargain aggressively while sellers must consider offers quickly.
Wow, such steep declines are surprising! Does anyone think aggressive buyer tactics here might reshape market strategies long-term? Curious if these trends will influence negotiations in neighboring areas too!
Hey everyone, I’m curious if these drops might motivate buyers to try even more creative strategies. Do you think sellers will adapt their tactics sooner than later, and could this trend spark a shift in local negotiation culture?
hey all, seems like buyers are seizing the moment while sellers scramble to catch up. i reckon sellers wont wait for a market rebound if pressured too hard. it all feels pretty unpredictable, and i expect those who adapt quick might fare better in this chaos.
i think these deep drops might force quick deals, but im not totally sure if this trend will last. sellers might regret not waiting tho, and buyers could get even more aggressive. its a bit of a gamble right now.
Observing the market firsthand, I believe this trend signals more than just a temporary downturn; it represents a shift in dynamics that both sellers and buyers must adapt to. My experience suggests that persistent pressure from buyers is leading sellers to reconsider their pricing strategies rapidly. It is not uncommon to see sellers initially overvaluing properties only to be forced into accepting lower offers under time constraints. This environment may drive a new norm in negotiation tactics, potentially resulting in long-term market adjustments if these conditions persist.