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Old 01-24-2009, 05:35 PM
 
Location: Brooklyn NY
1,019 posts, read 1,642,994 times
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Relative of mine is selling a 1970s for bedroom in west bloomington, off of 102nd and Nesbitt. It's in a very nice area of bloomington and I'm sure the house will go from anywhere between $400,000 and 500,000.
The housing market is gloomy everywhere but I was wondering how it is in the twin cities? Do you think my relative will have difficulty selling it?
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Old 01-24-2009, 06:50 PM
 
Location: Iowa, Heartland of Murica
3,425 posts, read 6,312,469 times
Reputation: 3446
The market here is gloomy too. I think it will be very hard for him to sell it even though West Bloomington is a nice area, there are plenty of homes in just as nice areas for about 150K or less. The very few people that are buying homes now are looking for deals, not homes in the 400K range. I would say, very difficult!
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Old 01-25-2009, 04:19 PM
 
Location: Minneapolis and surrounding suburbs
250 posts, read 992,475 times
Reputation: 113
Hi,

It is all going to depend on whether it's priced correctly and staged to sell quickly. It will also depend how many other comparable homes are on the market in that specific area. If it's priced right and staged well, it will sell.

S
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Old 02-01-2009, 11:35 AM
 
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I'm in Bloomington and have good friends that are realtors. There are buyers but yes they are looking for deals. I hear values are down about 15%. And... they don't expect recovery for 12-18 months.
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