Recently, the editor checked the second-hand housing website and found that the price of a three-bedroom apartment in China Resources Yuejin Bay, close to Nantong Vientiane City, has been reduced by 80,000. The price of this house has been reduced many times before.

Photo source: Shell House Search

This apartment in China Resources Yuejin Bay has three bedrooms, two living rooms and one bathroom, with a construction area of ??113.83 square meters. The current quotation is 1.9 million, and the unit price is only 16,700/㎡.

Picture source: Shell House Search

The house first appeared on the second-hand housing website on May 20 this year, with a listing price of 2.49 million, equivalent to a unit price of 21,900/㎡.

The price was slightly reduced in June, but seeing that it could not be sold, the homeowner made an emergency price reduction of 270,000 on July 25, and then another 100,000 in less than a month. After several price reductions and still being unable to close the deal, the homeowner decided to In the past two months, there have been three price cuts in a row.

From the beginning of the listing to today, in less than half a year, the house price has dropped again and again, with 7 price adjustments and a price reduction of 590,000.

Picture source: Zhuge House Search

Although it has not been sold after many price reductions, the condition of the house itself is not bad.

First of all, in terms of external conditions, China Resources Yuejin Bay is located at the core of Beidajie, across the road from Vientiane City and Yuanrongdi Diao, and 50 meters away from the Beidajie Station of Metro Line 2 under construction. About 800 meters away, Beicheng Middle School and Beicheng Primary School can also be reached quickly, and all supporting facilities are pretty good.

Secondly, as far as the house itself is concerned, it can be seen from the real photos that part of the house has been vacated, the traces of habitation are not obvious, and the decoration is relatively new.

Picture source: Shell House Search

So, why is the price of this house so "relentless"?

We might as well take a look at the current second-hand housing transactions in the entire community of China Resources Yuejin Bay.

Data shows that since the second half of this year, China Resources Yuejin Bay *** has sold 10 units, of which only two have been sold for more than 20,000/㎡, and most of them were priced at 18,000-19,000. The transaction price is /㎡, but the transaction cycle of these properties is usually relatively long, up to 680 days.

Picture source: Shell House Search

We noticed that among these 10 houses, two were sold at a unit price of 16,00/㎡. The transaction period of these two sets was It is relatively short, no more than three months.

Picture source: Shell House Search

Combined with the fact that there are currently 180 houses for sale in China Resources Yuejin Bay, and only 5 have been sold in the past three months, it is obviously a "buyer's market" ".

Picture source: Shell House Search

It can be seen that China Resources Yuejin Bay is not unsaleable at a price of 20,000/㎡. The initial listing price of the house that was reduced today is also It's not a sky-high asking price, but if you want to close the deal at this price, I'm afraid the cycle will be very long.

Judging from the current situation of frequent price adjustments by homeowners, homeowners should be quite eager to make a move. In order to facilitate the transaction, they can only "lower prices".

Actually, this is not an isolated case. The property market continues to decline, with buyers increasingly taking a wait-and-see attitude, and sellers eager to sell, causing some housing listings to drop significantly.

The listing price of a 98.35-square-meter two-bedroom apartment in Diao Beicheng Mingjun was reduced from 2.58 million to 2.2 million, a full 380,000 yuan drop;

A apartment in Sujian Sunshine New City A four-bedroom apartment of 137.02 square meters was first listed for 2.9 million, and the price has been reduced by 550,000;

A four-bedroom apartment of 136 square meters in Vanke Jade Park, the quoted price dropped by 25 from 2.9 million to 2.65 million. Ten thousand.

Picture source: Zhuge House Search

The sale of second-hand houses at reduced prices does not seem to be a "new thing". After all, the inventory is still growing, and the transaction cycle will only become more and more complicated in the future. long.

At the beginning of September, we counted that the inventory of second-hand houses in Nantong was 67,091 units. In just over a month, the inventory of second-hand houses in Nantong is currently 70,119 units, an increase of more than 3,000 units.

The increase in inventory, coupled with the wait-and-see attitude of home buyers, makes it more difficult for sellers to make a move.