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 $2,355,970 shaved off original asks.
The largest percentage cut: 1326 27th, now $34,900 after a 39.7% reduction from $57,900. The biggest dollar cut went to 1721 Bayou Shore. $675,000 off the original ask.
2 of the 24 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Galveston Outlots 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.
- <$250k49130%
- $250 to 500k59036%
- $500 to 750k24915%
- $750k to 1M1097%
- $1M+19312%
Ranked by percentage cut.
- 1
$34,900▼ 39.7%$23,000 off1326 27thGalveston, TX· 104 days on marketBerkshire Hathaway HomeServices Premier Properties - 2
$129,900▼ 34.1%$67,100 off9520 SeawallGalveston, TX1 bed · 1 bath · 521 sq ft· 118 days on marketWeichert Realtors - The Hatmaker Group - 3
$1,139,000▼ 28.6%$456,000 off730 Beachtown PassageGalveston, TX4 beds · 4 baths · 2,750 sq ft· 121 days on marketBetter Homes and Gardens Real Estate Gary Greene - Galveston - 4
$229,000▼ 26.1%$81,000 off3525 Avenue QGalveston, TX1 bed · 1 bath · 1,780 sq ft· 93 days on marketBetter Homes and Gardens Real Estate Gary Greene - Galveston - 5
$244,888▼ 22.2%$70,000 off4724 Avenue Q 1/2Galveston, TX4 beds · 2 baths · 1,280 sq ft· 48 days on marketAllsource Properties - 6
$140,000▼ 22.2%$40,000 off1312 26th RearGalveston, TX1 bed · 1 bath · 562 sq ft· 91 days on marketColdwell Banker Southern Homes - 7
$199,000▼ 20.4%$51,000 off4615 Avenue Q 1/2Galveston, TX1 bed · 1 bath · 684 sq ft· 62 days on marketRE/MAX Space Center - 8
$399,000▼ 20.0%$100,000 off4019 JacksonGalveston, TX3 beds · 3 baths · 1,536 sq ft· 60 days on marketLand Home and Ranch Realty - 9
$2,825,000▼ 19.3%$675,000 off1721 Bayou ShoreGalveston, TX4 beds · 5 baths · 5,299 sq ft· 142 days on marketKeller Williams Horizons - 10
$325,000▼ 18.8%$75,000 off1002 SealyGalveston, TX2 baths · 2,680 sq ft· 104 days on marketRE/MAX Leading Edge - 11
$27,000▼ 18.2%$6,000 off11 DanaGalveston, TX2 beds · 1 bath · 971 sq ft· 42 days on marketSand N Sea Properties, LLC - 12
$98,230▼ 18.1%$21,770 offLOT 97 CaminoGalveston, TX· 29 days on marketRE/MAX Leading Edge
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