For people who are looking to buy houses without breaking the bank, some cities are offering real estate price cuts. This article carefully examines the top 3 cities where there is news that real estate is taking price cuts.
Nashville has several neighborhoods located close to the downtown part of the city; a typical example is Greenwood on the east side. The area is safe and within trekking distance. Additionally, the neighborhood has easy motor routes and minimal traffic. About 30% of the houses up for sale witnessed a price reduction. On the east side, 40.6% of homes in the Pleasant Acres neighborhood also saw price reduction. Although house prices in the southeast Nashville Terragon Trails neighborhood remain the same, a decent 8.9% of the million-dollar houses in the Granny White neighborhood decreased the asking price.
Next up on the list is San Diego. For a very long time, San Diego was one of the hottest real estate markets. Although there is not exactly a clearance sale, San Diego witnessed one of the largest percentages of listings with price cuts; these price cuts increased from 13.2% in 2017 to 19.1% in 2018. In Eastlake Woods West, a surprising 46.2% of the listings had at least one price reduction; additionally, in this neighborhood, everyone uses car transportation. So, if what you are searching for is a more walkable and urban neighborhood, then the slightly more affordable Midtown is an option; 28.8% of its listings had reductions. The locals reported that the area has a family-friendly vibe and is easily accessible from downtown. There is also the Fox Canyon neighborhood; this area saw 8.7% of its real estate listings go down.
There are lots of unique neighborhoods in and around downtown Seattle and in the city; anywhere you go, you are close to a cup of coffee or a brewpub. In the affordable Riverview neighborhood, which holds the South Seattle College and Puget Park, there was a 19.8% decrease in the listings last year. Meanwhile, in the downtown area, where prices can be as much as $1,500,000 for a two-bedroom condo, only a meager 3% of listings showed price reductions. If you are looking for