Burnsville Lake Topics: Home sales

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	Name:	boataholic -
	Subject:	Home sales
	Date:	8/21/2008 1:26:47 PM

Hopefully, the real expert John C will reply. My amateur tracking of the MLS website shows homes are not moving, and inventories remain high. Well over 600 for sale now, vs. 500+ this time last year and less than 400 in 2006. The sales that do occur are usually at the lower to middle end of the market at asking prices that appear to me be lower (10-15%??) than last year. High end of the market looks bad; there are 57 properties (32 houses, 23 lots, 2 townhouses) listed in The Ridge alone. 25 of those houses are asking over $1.5 million (13 of those in the $2M to 3.6M range). I have seen only a couple of houses marked sold this year in the over $1.5M range so if you have the money for that price range, now is the time for "bargain" hunting..

Other messages in this thread:

View Entire Thread

Home sales - Hadenuff - 8/21/2008 7:24:09 AM

Home sales - boataholic - 8/21/2008 1:26:47 PM

Yes but... - roswellric - 8/21/2008 5:57:06 PM

Very true - Ulysses E. McGill - 8/21/2008 9:44:13 PM

Yes but... - Feb - 8/21/2008 10:52:44 PM

home sales - John C - 8/22/2008 10:20:17 AM

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