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08-18-2007, 11:40 PM
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Senior Member
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Join Date: Jul 2007
Location: Huntersville NC
361 posts, read 373,841 times
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Buyers or seller's market down there
Just wondering if it is a buyer's or seller's market down there right now as far as homes are concerned?
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08-18-2007, 11:48 PM
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Lucky and blessed :)
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Join Date: Aug 2006
Location: wherever my husband is working
18,183 posts, read 12,492,035 times
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Quote:
Originally Posted by trishlee
Just wondering if it is a buyer's or seller's market down there right now as far as homes are concerned?
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Not an expert, but my observations are that it is a buyers market only VERY recently in homes over $275,000. Homes under and just over 200,000 are still a sellers market. |
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08-18-2007, 11:59 PM
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Senior Member
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Join Date: Jul 2007
Location: Huntersville NC
361 posts, read 373,841 times
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That figures. I wonder if that will turn around soon since I am in the 200 price range. We will have to sell up here in Ohio and it is a buyers market so we won't get what we hoped for in this house. Lots of houses for sale in this price range up here. Thanks for the reply.
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08-19-2007, 12:58 PM
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Union County Booster Club - Treasurer
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Join Date: Aug 2007
Location: Wouldn't you like to know?
4,215 posts, read 2,878,939 times
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Not for nothing but I'd have to disagree w/the above poster. I've seen a ton of resales in nice neighborhoods in the 200's....
Check out realtor.com. I've plugged in zip 28079 as an example from a price range of 200-275...150 matches...
You have to do your research obv, but I would have to say you do have many, many, fine choices...
28079 Homes, Real Estate, Condominiums & More - REALTOR.com |
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08-19-2007, 02:40 PM
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Lucky and blessed :)
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Join Date: Aug 2006
Location: wherever my husband is working
18,183 posts, read 12,492,035 times
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Quote:
Originally Posted by CouponJack
Not for nothing but I'd have to disagree w/the above poster. I've seen a ton of resales in nice neighborhoods in the 200's....
Check out realtor.com. I've plugged in zip 28079 as an example from a price range of 200-275...150 matches...
You have to do your research obv, but I would have to say you do have many, many, fine choices...
28079 Homes, Real Estate, Condominiums & More - REALTOR.com |
I don't think you understood what I said.
Just because it is a buyers market in the mid 200's and under does not mean there are not plenty of homes available - there are. It just means those people are selling - selling quicker, and/or getting their asking price if not a bit above when more than one party makes an offer. |
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08-19-2007, 06:23 PM
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Member
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Join Date: Aug 2007
97 posts, read 79,066 times
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Actually from what I have read in the paper home sale prices are still around 96% of asking price even with a little more inventory out there.
From what I have heard elsewhere 200k - 500k are a pretty stable market, 500k-800k is a little soft (buyers market), but then it picks back up in the over 800k range..... from what I have heard.
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08-19-2007, 07:49 PM
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Union County Booster Club - Treasurer
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Join Date: Aug 2007
Location: Wouldn't you like to know?
4,215 posts, read 2,878,939 times
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Quote:
Originally Posted by MMorin
Actually from what I have read in the paper home sale prices are still around 96% of asking price even with a little more inventory out there.
From what I have heard elsewhere 200k - 500k are a pretty stable market, 500k-800k is a little soft (buyers market), but then it picks back up in the over 800k range..... from what I have heard.
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percentage of asking price is a scam people! don't you know that???
Let me give you an example. A person lists their house for 300K. No bites. Soooo, they drop it to 285K. Still no major interest. Ok, they drop it a THIRD time to 260K. Now they have an offer and close at 252K.
What do we have here? They got 96% of asking price! I guess they did great, huh? BUZZZZZZ. WRONG!
Get it??
I have family in the realtor business' and this is one of the things that they say to persuade potenital buyers in markets right now ...its really laughable.
The problem w/the charlotte market right now is that the majority of people trying to buy in this market are contingent on selling their houses UP NORTH, which they cannot do. So, they buy here and the deals fall through because the house sits, and sits, AND sits. Its happenening more and more because the markets outside here are awful. Its not rocket science. What was once a market on fire has now cooled considerably except for certain segments (ie over 55+ communities ex: Sun City)
If any realtor tells you otherwise, give me some of what they're smoking please.
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08-19-2007, 08:43 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,854,158 times
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it's not like that here in Charlotte...it's really at 96%.
You hardly hear of a house being lowered for price....
You hardly hear of a house being on the market more than 60days....
It's hard to say whether it's a buyers or sellers market....
The sellers are doing REALLLY GOOD selling next to their asking price...
but
there are soo many developments that are being sold out!
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08-19-2007, 08:44 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,854,158 times
Reputation: 675
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CarolinaHome.com is actually a more up to date link.
Quote:
Originally Posted by CouponJack
Not for nothing but I'd have to disagree w/the above poster. I've seen a ton of resales in nice neighborhoods in the 200's....
Check out realtor.com. I've plugged in zip 28079 as an example from a price range of 200-275...150 matches...
You have to do your research obv, but I would have to say you do have many, many, fine choices...
28079 Homes, Real Estate, Condominiums & More - REALTOR.com |
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08-19-2007, 08:51 PM
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Lucky and blessed :)
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Join Date: Aug 2006
Location: wherever my husband is working
18,183 posts, read 12,492,035 times
Reputation: 5891
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Quote:
Originally Posted by CouponJack
percentage of asking price is a scam people! don't you know that???
Let me give you an example. A person lists their house for 300K. No bites. Soooo, they drop it to 285K. Still no major interest. Ok, they drop it a THIRD time to 260K. Now they have an offer and close at 252K.
What do we have here? They got 96% of asking price! I guess they did great, huh? BUZZZZZZ. WRONG!
Get it??
I have family in the realtor business' and this is one of the things that they say to persuade potenital buyers in markets right now ...its really laughable.
The problem w/the charlotte market right now is that the majority of people trying to buy in this market are contingent on selling their houses UP NORTH, which they cannot do. So, they buy here and the deals fall through because the house sits, and sits, AND sits. Its happenening more and more because the markets outside here are awful. Its not rocket science. What was once a market on fire has now cooled considerably except for certain segments (ie over 55+ communities ex: Sun City)
If any realtor tells you otherwise, give me some of what they're smoking please.
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Maybe you should share some of what you're smoking 
I completely disagree with you.
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