Quote:
Originally Posted by margaretmattson
This is a cautionary market. Home prices for both new and preowned are all over the place. I advised my daughter to watch what summer brings. Lake Denham and Dabney sales remain slow.The Developer will have to do something to get those homes sold. If prices fall further, she can take advantage.
The bond prices are an issue she is giving close attention. Right now, a preowned is looking much sweeter than a new with a $50-80 thousand bond. She would rather spend that money remodeling an older home to suit her taste than carrying a 30 yr bond fee that gives her no benefit. A home between the 66's is her desired location.
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It is a confusing market considering they continue to sell within their average of 70-100 homes a week.
I wouldn't be surprised to see prices go back up once Danby is sold out and Richmond/Eastport homes becomes available.
Good luck to your daughter in her search.