I’m seeing much the same here in L.A, Mexico Resident: I just ‘ran the numbers’ on all of my Inactive listings from Zip.
Of the 67 listings that went inactive since early June (when I started keeping track of them) only 5 have sold according to Zillow – and all at a lower price than the Original List Price – lowest a modest 1.75% and the biggest a whopping 29.5%.
I don’t know the historical % of sales, so don’t know if this sales data is low or high, but my gut feeling is that, at an average of 7.5% sales to inactives, this is low.
OT BTW: just for fun – BRAVO is having a marathon of all last season’s ‘Million Dollar Listings’ on today….
