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Old 05-11-2021, 02:32 PM   #670
The Yen Man
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Join Date: Feb 2006
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Quote:
Originally Posted by Cowboy89 View Post
This isn't only a story of price range but also by housing style.

I have been looking at buying and can say from our experience that detached homes with yards in the $600k to $1 million range is on fire similar to the <$600k market in the outer suburbs. Homes we have looked at in recent weeks have sold in a day with multiple offers.

That is entirely confined to detached homes with yards in the burbs though. We are also looking at places that fit your description and those are moving at a snails pace, mainly because thin places with 25 foot frontage lots with no real backyard is exactly the housing type that people are running from after experiencing the pandemic.
I still think it has to be competitively priced though. A house on my cul-de-sac (2400 sqft + developed basement, walkout basement, backs onto green space) has been on the market for 5+ months. Original asking price was $779K, then dropped to $729K, and now is at $699K, and it's still unsold.
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