Galveston sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Galveston sellers are blinking. 24 active listings cut their asking price, totaling $1,826,622 shaved off original asks.
The largest percentage cut: 4724 Avenue Q 1/2, now $1 after a 100.0% reduction from $314,888.
Most of the cuts came from the mid-market, where buyers have been waiting out high asks. Geographically, Denver Resurvey leads. 4 of the 24 cuts came from there.
For buyers, these are leverage points. sellers who have already adjusted once are more likely to adjust again at the negotiating table.
How Galveston prices break down right now.
- <$250k50730%
- $250 to 500k60135%
- $500 to 750k26816%
- $750k to 1M1368%
- $1M+20112%
Ranked by percentage cut.
- 1
$1▼ 100.0%$314,887 off4724 Avenue Q 1/2Galveston, TX4 beds · 2 baths · 1,280 sq ft· 9 days on marketAllsource Properties - 2
$199,990▼ 33.2%$99,410 off4147 Great Blue HeronGalveston, TX· 95 days on marketFoundations Realty - 3
$69,000▼ 30.3%$30,000 off1104 36thGalveston, TX· 62 days on marketUnited Real Estate - 4
$270,000▼ 26.0%$95,000 off2028 Avenue M 1/2Galveston, TX3 beds · 2 baths · 2,024 sq ft· 47 days on marketJ.L. Wyatt Properties - 5
$299,000▼ 25.1%$100,000 off26011 Glossy IbsGalveston, TX· 100 days on marketRE/MAX Leading Edge - 6
$325,000▼ 23.5%$100,000 off5127 Bernardo De GalvezGalveston, TX3 beds · 1 bath · 1,764 sq ft· 68 days on marketBerkshire Hathaway Home Services - 7
$180,000▼ 23.4%$55,000 off711 31stGalveston, TX3 beds · 2 baths · 1,083 sq ft· 35 days on marketThe Sears Group - 8
$110,000▼ 22.8%$32,500 off6102 SeawallGalveston, TX1 bed · 1 bath · 462 sq ft· 99 days on marketKeller Williams Horizons - 9
$140,000▼ 22.2%$40,000 off1312 26thGalveston, TX1 bed · 1 bath · 562 sq ft· 50 days on marketColdwell Banker Southern Homes - 10
$100,000▼ 20.0%$25,000 off4126 NuecesGalveston, TX· 48 days on marketRE/MAX Leading Edge - 11
$220,000▼ 20.0%$55,000 off13030 John RenyoldsGalveston, TX· 67 days on marketRE/MAX Leading Edge - 12
$230,000▼ 19.3%$55,000 off2806 Avenue LGalveston, TX2 beds · 4 baths · 660 sq ft· 69 days on marketPinnacle Realty Advisors
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