[quote=localguy] To me the pricing seems really out of wack. So many homes are seriously overpriced, yet people will buy the home. So there is a demand that the seller/developer is filling. In my little nook there is a house for sale, 1.2 mil. No activity. Drop the price to $895,000.00 and you would probably see a frenzy of activity bidding the price up. I guess as a seller or buyer you need to be agressive and willing to invest some time to make your deal happen.
localguy[/quote]
without knowing all of the specifics. I have to assume localguy’s neighbor is practicing “need based pricing” rather than “market pricing.” with CityVenture’s homes closing in the high 700k/low 800k recently, how in the world does anyone expect someone to want to pay a $300/400k mark up on a resale?
