Quote:
Originally Posted by Dan02
Looking at the stats.
Median sale price for December 07 was 406,788.
Median sale price for January 08 was over 410,000
Median sale price for last 30 days(jan 24 to current) is 420,000
Still far off the highs of last year, but pretty much made up for the Winter slump already.
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My neighbour has dropped his asking price for his hilltop chateau, with a tennis court and 46 acres from $3.2 million to $1.8 million. That's been over the course of a full year. Right now a realtor hell-bent on subdividing (four new 10 acre lots) is trying to lowball him from there. The house isn't anything great at that price, which I assume is why he's not getting much action except on the land. Drop dead view though.
Acreages are always tougher to sell and take some time but I think his story is becoming increasingly common.
Cowperson