It is still sticky city out there regardless of a comp buster here and there. Don’t get me wrong, eventually enough comp busters will bring wholesale pricing down in these desireable areas….it just is a slow process and will be measured by years not weeks/months.
There is a bank owned right around the corner in Portico for 825k and it was originally listed in June at 849k… not much downward movement given the fact that it has sat like a turd on the market all summer. It is on 6035 Roselle Meadows Trail.
