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^ While that may be the average of the entire region, based on sales, you may not find the house and neighborhood you are looking for. prices can be all over the place within the same town. I would say based on your housing preference, and location, you most likely won't find your house in this price range.
It would be so sweet to find a place we like for under $200,000. I won't get my hopes up though! A few years back it would have been more realistic. These days even the condos / townhomes that catch my eye are over $200,000. I always check the sale history of listings that interest me. This way I can start to get a better idea of prices that reflect authentic appreciation, because like I said I do not want to be one of those people that moves to a new area and overpays because they're under-informed.
I'm finding inventory is scary low, so I'm glad we are not actually buying at this time, just learning. It will be very interesting to see what market conditions are like a year from now when we will really be looking to purchase.
It would be so sweet to find a place we like for under $200,000. I won't get my hopes up though! A few years back it would have been more realistic. These days even the condos / townhomes that catch my eye are over $200,000. I always check the sale history of listings that interest me. This way I can start to get a better idea of prices that reflect authentic appreciation, because like I said I do not want to be one of those people that moves to a new area and overpays because they're under-informed.
I'm finding inventory is scary low, so I'm glad we are not actually buying at this time, just learning. It will be very interesting to see what market conditions are like a year from now when we will really be looking to purchase.
I, myself like to purchase properties that need some work. I don't like paying for upgrades that I might just paint over once it's mine.
A couple things about the stability of the region. The population of the metro region has continued, but slowly to grow for decades. I think I still have the front page headlines when we cracked 1 million. Now we have about 1.1 million. Slow and steady has worked to preserve housing values. I can't remember a decline in housing prices locally, although there were a lot of foreclosures from the 2008? fiasco. So maybe a year from now there may be some bargains, but I wouldn't expect the average price to drop.
It would be so sweet to find a place we like for under $200,000. I won't get my hopes up though! A few years back it would have been more realistic. These days even the condos / townhomes that catch my eye are over $200,000. I always check the sale history of listings that interest me. This way I can start to get a better idea of prices that reflect authentic appreciation, because like I said I do not want to be one of those people that moves to a new area and overpays because they're under-informed.
I'm finding inventory is scary low, so I'm glad we are not actually buying at this time, just learning. It will be very interesting to see what market conditions are like a year from now when we will really be looking to purchase.
Irrespective of prices, what we are hoping for is at least some correction in this extreme power imbalance between sellers and buyers. For the past couple years sellers have had 100% of the leverage and buyers have been reduced to desperate, groveling simps. The "delayed negotiations" announcement at the end of all the good listings has really become the hallmark of this imbalance. When I start seeing that wording disappear from real estate listings I'll be much more inclined to make an offer on a property.
Irrespective of prices, what we are hoping for is at least some correction in this extreme power imbalance between sellers and buyers. For the past couple years sellers have had 100% of the leverage and buyers have been reduced to desperate, groveling simps. The "delayed negotiations" announcement at the end of all the good listings has really become the hallmark of this imbalance. When I start seeing that wording disappear from real estate listings I'll be much more inclined to make an offer on a property.
Understandable, as many bids that go a good bit over the listing price would just get outbid by someone willing to pay more and in cash. So, that makes total sense.
Irrespective of prices, what we are hoping for is at least some correction in this extreme power imbalance between sellers and buyers. For the past couple years sellers have had 100% of the leverage and buyers have been reduced to desperate, groveling simps. The "delayed negotiations" announcement at the end of all the good listings has really become the hallmark of this imbalance. When I start seeing that wording disappear from real estate listings I'll be much more inclined to make an offer on a property.
I would say as interest rates rise, you will see the available listings rise and the balance return. BTW, the best time to buy is when the interest rates are high. Your timing may be very good.
Looks nice, I would be curious to see the sales price. It looks like it might be just a little too far to walk to the Park Ave/ Berkley St area, that is quite popular. Close to Wegmans and a few other shops. Record Archive.
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