Answers (1)
- Christopher Gray, "InformedRE"
- Contributions:17
Data snafu - you're correct it's an SFR.
Crazy fact:
Sold in 1997 for $173,00
Sold in 2004 for $606,000!! 600 bucks/sqft!
Tried to sell for $699k in 2006, lowered to $659k last summer. No dice.
Property went up over 300% in 7 years?!? What fundamental factor justifies this? Population? Incomes? How about, uh.... NONE!
We got a ways to go in this downturn. It's not so much properties are <i>dropping</i> in value. It's that they should have NEVER gotten to the obscene levels they did in the 1st place!
Regards,
Christopher at FreeHomeLoanReview.com
Crazy fact:
Sold in 1997 for $173,00
Sold in 2004 for $606,000!! 600 bucks/sqft!
Tried to sell for $699k in 2006, lowered to $659k last summer. No dice.
Property went up over 300% in 7 years?!? What fundamental factor justifies this? Population? Incomes? How about, uh.... NONE!
We got a ways to go in this downturn. It's not so much properties are <i>dropping</i> in value. It's that they should have NEVER gotten to the obscene levels they did in the 1st place!
Regards,
Christopher at FreeHomeLoanReview.com
townhouse?
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