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2002, House A, 2400sq ft, new build, $207,000.00 move in price.
2006, House B, similar to House A, across the street from House A, sells for $350,000.00.
2006, House C, beside House A, bought at same time, about same price as House A, refinances to $300K.
2009, House C goes into foreclosure. Middle of the night move out. No one knows why.
2010, House C bought for $260,000.00, about $15K spent to get it in shape with no major changes.
2011, House A ($207K) sell for $270,000.00 after 8 months on the market.
2012, August, similar houses, same neighborhood, on the market for $300,000.00 and not a large selection.
Real life numbers.
Last edited by accufitgolf; 08-14-2012 at 07:52 PM..
I guess the quesrtion is whether or not the 300k homes on the markert are actually selling. Or if they also take 8 months and go down to a 270k sale price.
Also- what neighborhood? That scenario can be indicative of the neighborhood and not the area as a whole. I am going to guess Park West or Chas National based on age/price. Am I close?
I guess the quesrtion is whether or not the 300k homes on the markert are actually selling. Or if they also take 8 months and go down to a 270k sale price.
Also- what neighborhood? That scenario can be indicative of the neighborhood and not the area as a whole. I am going to guess Park West or Chas National based on age/price. Am I close?
They're selling in my neighborhood and fast. Although, we're a bit above this price range.
300k houses are almost flying off the shelf..... we'll hit 5 months of standing inventory very soon at the rate we're going right now. Actually i just repulled mls stats and we're hovering right around 5000 units once you pull out Cross, Edisto Island etc. That's down from a high of 11,800 units in 2008. The sellers market is back and should be wide open come spring...
I guess the quesrtion is whether or not the 300k homes on the markert are actually selling. Or if they also take 8 months and go down to a 270k sale price.
Also- what neighborhood? That scenario can be indicative of the neighborhood and not the area as a whole. I am going to guess Park West or Chas National based on age/price. Am I close?
High Marsh at Planters Point, section off of Rivertowne Blvd.
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