Seems like in addition to the inferior properties (wonky floorplans, backing to major thorofares, fixers, etc) that some of the “perfectly fine” houses are sitting longer and longer? By “perfectly fine” I mean decent floorplan, location, finishes, etc, but not buffed out trophies like the $3.325 mil Serbal house (although it feels a little strnage for me to be calling a big tract home a “trophy” but that’s what’s coming to…)
Over in the Ponderosa it looks like our man who laid out $1.8 mil just a few months ago is down $275K on his re-sale not including transaction costs, so maybe a total loss of $350Kish? Oh well, easy come easy go it’s only money.
