“The one bedroom in my building that has been listed for about 6 months now, with two price reductions, has now been taken off the market, realtor took the sign down this weekend. The one bedroom kitty corner to my building that had a reduced sticker on the sale sign was also taken off the market in the last few days, just noticed this morning that the sign was gone.
The one bedroom down the street that has been on the market for about a month has sold. It was priced at just below $300,000, a whole $104,000 cheaper than the almost identical place in my building (granted the place in my building was a corner suite and had a so-so reno, maybe $10,000 worth of reno’s).
I’m thinking that if you price wisely that you can still get out of this market.”
- vangrl at VCI 5 Aug 2012 10:00am
Off the market but shadow inventory, still waiting to be sold.
Will likely come back onto the market at lower prices.