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Old 05-02-2008, 07:44 PM
 
14 posts, read 57,169 times
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Are houses over a 1 million selling in watchung? Is it even worth putting my house up for sell now? please advise
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Old 05-02-2008, 07:46 PM
 
Location: Stewartsville, NJ
7,577 posts, read 22,607,487 times
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Over a mil...you'll probably sell! Anything so called "middle class" range is sitting as we are the ones getting squeezed at the moment...the wealthy are doing fine : )
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Old 05-02-2008, 08:00 PM
 
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Quote:
Originally Posted by plshelp View Post
Are houses over a 1 million selling in watchung? Is it even worth putting my house up for sell now? please advise
It depends....we've been looking at watchung for awhile now (months) and there are several million+ homes there that have been sitting there the entire time.
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Old 05-02-2008, 08:05 PM
 
Location: Jersey Shore
828 posts, read 3,138,455 times
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Tale of two houses in my town...

House A goes up for sale $450k
House B goes up for sale $440k.

House A drops price several times to $345k
House B keeps price steady at $440k

House A goes off of market for several months.
House B stays on the market during the same period.

House A is relisted at $299k
House B goes off the market.

Even at a 35% reduction House A is trying to get buyers.
House B is now a rental.
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