Remember this listing I highlighted a while back? It's fallen 50K from the wishing price and would seem an indication that the market is crumbling. On the other hand, a few months ago a 1700 ft model Stonybrook home by KB listed at $254K. Inexplicably, the prices ticked upward by a couple thousand this month. An industry reaction to the increased buyer activity spurred by lower interest rates? We'll see if this is a dead cat bounce. I hope not. I'm still banking on lower housing prices and increased affordability for singletons like me.
7191 Havenside Drive Update: Reduced to $284K!Asking Price: $317,500
Previous Asking price: $335,000 (July 2007)Price Cut: $17,500 (-5.22%)
This was a halfplex I visted with a friend during an open house and I ranted on this blog about the overwhelming scent candles the agent used to drive us out the door. Well, it seems like it worked. An article in the Sacramento Bee featured its owner who, based on Money Magazine's designating Holland, Michigan as one of thebest places to live, decided to sell her home and leave Sacatomato. Looks like she ain't leaving anytime soon.
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