Galveston sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Galveston sellers are blinking. 9 active listings cut their asking price, totaling $90,999 shaved off original asks.
The largest percentage cut: 4724 Avenue Q 1/2, now $299,888 after a 4.8% reduction from $314,888. The biggest dollar cut went to 36 Cedar Lawn. $24,999 off the original ask.
Most of the cuts came from the mid-market, where buyers have been waiting out high asks. Geographically, Galveston Outlots leads. 3 of the 9 cuts came from there.
For buyers, these are leverage points. sellers who've already adjusted once are more likely to adjust again at the negotiating table.
How Galveston prices break down right now.
- <$250k49129%
- $250 to 500k60936%
- $500 to 750k26415%
- $750k to 1M1388%
- $1M+20512%
Ranked by percentage cut.
- 1
$299,888▼ 4.8%$15,000 off4724 Avenue Q 1/2Galveston, TX2 beds · 1 bath · 1,280 sq ft· 2 days on marketAllsource Properties - 2
$298,000▼ 3.9%$12,000 off3525 Avenue QGalveston, TX1 bed · 1 bath · 1,780 sq ft· 6 days on marketBetter Homes and Gardens Real Estate Gary Greene - Galveston - 3
$775,000▼ 3.1%$24,999 off36 Cedar LawnGalveston, TX4 beds · 3 baths · 3,266 sq ft· 17 days on marketLatitude 29 Group - 4
$390,000▼ 2.5%$10,000 off13909 Pirates BeachGalveston, TX2 beds · 2 baths · 1,390 sq ft· 13 days on marketOpendoor Brokerage, LLC - 5
$339,000▼ 2.4%$8,500 off26540 MangroveGalveston, TX3 beds · 2 baths · 1,427 sq ft· 189 days on marketBetter Homes and Gardens Real Estate Gary Greene - Galveston - 6
$245,000▼ 2.0%$5,000 off4615 Avenue Q 1/2Galveston, TX1 bed · 1 bath · 684 sq ft· 7 days on marketRE/MAX Space Center - 7
$600,000▼ 1.6%$10,000 off906 91stGalveston, TX4 beds · 3 baths · 1,824 sq ft· 2 days on marketKeller Williams Signature - 8
$560,000▼ 0.9%$5,000 off13826 Pirates Beach BlvdGalveston, TX3 beds · 2 baths · 1,500 sq ft· 7 days on marketLa Bella Vita Real Estate - 9
$438,500▼ 0.1%$500 off2801 Ave Q 1/2Galveston, TX3 beds · 2 baths · 2,082 sq ft· 10 days on marketKeller Williams Horizons
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