Date Archives January 2005

Raising prices when a house doesn’t sell?

Hmmm – this new construction house has been on the market for a while – what should the Sellers do? Why, raise the price, of course! If a property has been on the market for an extended period of time with no takers, very frequently the builder/seller will simply raise the price to cover their costs, be they debt services, etc. The demand in our market is such that this rarely backfires on the builders/sellers – unique, huh?

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Busy in the City

Lots of new listings today in the City It’s proof – the market is heating up already! Several new properties came on the market today in the new Willoughby Townes development off of 5th Street ExtendedSorry – no pictures of the new condos on East Market Street. One bedroom condos for $389,500. They’ll sell.

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