I piad 475 for my home and put 50 in to it and I couldnt give it away for 380 this sping to summer

Profile picture for rawleigh k
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October 11 2010 - Chaska
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Answers (4)

Profile picture for MikeEmery
Overall, sale prices are up in Chaska for the year to date. But if you look at statistics from Sept 2009 and compare them to Sept 2010, sales have dropped almost 50 percent and home values (on average) have dropped 15 percent.

With the average sale price at around $212,000, your home is certainly on the higher end of the market and that portion of the market takes longer to sell. Generally the higher the price, the longer the home lingers on the market.

Year to date data on the chart is almost irrelevant because of the blip caused by the homebuyers credits. The real measure of the market can be derived from looking at Sept 2010 figures.

http://www.mplsrealtor.com/downloads/the100/Chaska.pdf
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October 11 2010
Profile picture for Taria And Earl Team
You may have to hold the property for a while.  If you want to move, consider renting the property until the loan is paid down or as property values increase over time.
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October 11 2010
Profile picture for Pasadenan
That is what people get for buying into "get rich quick" schemes, especially at the middle or peak of a bubble.

All pyramid schemes collapse eventually.
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October 11 2010
Profile picture for Joe Houghton
Did you have a good Realtor to help you stage, price, market and sell your home?  I'd love to give you some advice and ideas to help you get it sold in the future.  Why do you suppose it didn't sell?
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October 11 2010
 

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