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prima:Dorado Luxury Market: Property sales and prices decline

Meanwhile, demand and the number of property closings of $300,000 or less remain steady

November 1, 2022 - 10:14 AM

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This content was published more than 2 years ago.
Upscale areas like Dorado Beach East are seeing a surge in on-hand inventory that goes unsold for months. (Suministradas)

“Negotiable price,” “motivated sellers” and “we hear your offer” are phrases that have reappeared in property listings as the real estate market has cooled in 2022 due to factors such as rising interest rates for financed purchases, and caution in case of recession for cash transactions.

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