uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well.
I don’t think it is priced well.. I think they need to take at least another $50k off. I also can’t give you addr because I live very close.. It could reveal who I am to neighbors. I do know that sales are going in on houses that are priced slightly below comps.. resulting in quick bidding wars which move the price up to equal or above recent comps. Whether these bidding wars result in a properly priced house can be debatable. Bidding wars are driven by emotion and while they result in the seller getting as much money for the property as possible, they don’t result in the best price for the buyer.
Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity.
This, I disagree with. I consider it an active market but not a hot market. I don’t think that people selling their house and having to take a serious hair cut would consider it hot market either.
