And as a follow up story, I was able to find out how much the homes sold in our neighborhood. The highest for the 3668 sf home sold for 637K (Mar 2006) while the lowest it has sold for was 525K (Feb 2007).
Also, I found out that a 3668 sf home sold in the next phase (closes in Sept) for 470K + 20K incentives. And if my deal fell through, there were 3 backup offers (I had them reserve the house for me 2 hours before 3 familys came to look at it).
Also, the home that was 3063 sf that had “27,000” in upgrades was also sold as well as the other two homes closing in June/July were also sold (my guess is 440K + incentives).
So surprisingly, people are buying homes at a steady rate. How much they’ve bought them for or if the escrow will actually close…I don’t know. But at least in the Harveston community, it looks like homes are being sold.
Ehh…we’ll see how this plays out. I just hope that I won’t lose too much while the RE market is falling. Hopefully by the time I get out, the market will be rising again.
