[quote=sdrealtor]Ultra low inventory made that all possible. Just curious about one thing. December 2009 is widely referred to as the bottom of the down cycle in most indexes. How did your resale price compare to your purchase price?
Congrats and good luck in your next home![/quote]
Sold for 90K above purchase price. Homes in the neighborhood peaked in that timeframe at 120k above our purchase price. Peak for this subdivision was back in 2006, for double what we purchased the home for so we bought in at the bottom (there was only one home lower in this subdivision but it was a smaller home and beat up). This neighborhood had a lot of blood in the streets 07-09.
