Quote:
Originally Posted by cougjunkie
The crazy thing about this market right now is that starter homes between 150-250k are still selling like hotcakes. Middle priced homes between 275-500k are sitting on the market for months and months. Homes between 500-800k are the worst to try and sell, but once you get over the 1million dollar mark they are selling like crazy. Ideally anything between 2 and 5 million wont stay on the market for long.
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Very interesting. There are two home for sale in our neighborhood for sale for $550K. Neither one is getting a sniff.
I have another friend who just built a $950K home in Alpine. It was a home show home and they didn't get a single offer. I am afraid he may go chapter 11 over this.