Why 43% of Palmetto Bay $1M Listings Cut Their Price

📅 Thinking about selling above $1M? Book a no-pressure call: bit.ly/MeetDelainy 🏡 Search Palmetto Bay homes: onetrustrealty.com/home-search Almost half of the Palmetto Bay homes listed between $1 million and $2 million cut their asking price, according to David Siddons Group's June 2026 Palmetto Bay report. In this video I explain why that happens and what a price reduction actually costs a Palmetto Bay seller. I also walk through the four things I do before a listing goes live so a home doesn't end up in that group. I use nine recent closed sales of four-bedroom, one-story pool homes in Palmetto Bay (SEFMLS, May–September 2026) to show how the discount from list price grew as the asking price rose. Homes listed above roughly $1.4 million gave back about 9%, while the renovated home that was priced at the market from day one sold $64,000 over asking. You'll also see why bigger homes don't automatically sell for more per square foot, and why a series of small price cuts tells buyers they can wait. If you own a home in Palmetto Bay, Pinecrest, Cutler Bay or South Miami and you're thinking about selling, this is the pricing conversation to have before you sign a listing agreement. I'm Delainy Quintero, broker-owner of One Trust Realty in Palmetto Bay. Before real estate I spent a decade in orthopedic sports medicine as a certified athletic trainer and physician extender, and I still work the same way: assess before you treat. ⏱ CHAPTERS 0:00 Almost half of 1M–2M Palmetto Bay listings cut their price 0:46 Who I am 1:17 What a 43% price-cut rate actually means 2:27 Why Palmetto Bay homes get overpriced 3:30 Why it matters so much in the 1M–2M range 3:57 9 recent Palmetto Bay sales: what a price cut really costs 5:29 How to price a $1M+ home so you don't have to cut 7:27 The honest bottom line on pricing 8:02 Get a second opinion + what to watch next Sources: David Siddons Group Palmetto Bay report (Jun 2026); Redfin Palmetto Bay housing market, 3 months ending Jun 2026; MIAMI REALTORS® (Jul 2026); SEFMLS closed sales (May–Sep 2026, listings by various brokerages); Momentum Research MLS price-reduction tracker (Oct 9, 2026). Market figures change. Nothing in this video is a guarantee of price or timing. 📍 Serving Palmetto Bay, Pinecrest, Coral Gables, South Miami, Cutler Bay and Kendall. Delainy Quintero · Licensed Real Estate Broker · BK3256850 · One Trust Realty Information deemed reliable but not guaranteed. Equal Housing Opportunity. 👉🏼Contact Me: 📞 (786) 365-7377 ✉️ delainy@onetrustrealty.com 🛜 https://OneTrustRealty.com 💥Follow Me on Social Media Instagram➡️   / delainyquintero   TikTok ➡️   / delainyquintero   Facebook ➡️   / delainy.quintero