UR – since you seem well-acquainted w/the area, do you think that price range entices buyers that were borrowed from the future w/the tax incentives? Do you think it’s at all possible that maybe the prices may adjust a little lower now that the 8k credit is gone and the 10k dwindling and potential more inventory to emerge?
Not trying to argue w/you, so don’t get me wrong. Just trying to figure out if I got it for 400k, if I’m looking at the possiblity of being upside-down in a few months. I mean, you say the price is about right in today’s market.
Also, just checking this address on Redfin they’re coming back w/these prices ranges:
Zillow: Low – 300,685 High – $398,310
E-appraisals: Low – $243,423 High – $329,337
Cyberhomes: Low – $268,843 High – $343,522
As for the sales comps in the past 6 months, Redfin says:
Range: $202,000 – $525,000
Average: $433/Sq. Ft.
This home at $433/Sq. Ft.: $310,035
Granted, the high is 525k. But sales in the past 6 months were also looking at credits to soften the blow.
But maybe that’s just the price you pay for being on a canyon, although the canyon homes on Commonwealth are lower PPSF. The other one on Westland was about the same PPSF, but as I said, it was a much bigger house (extra bath)
