Some homes that have sold for less than originally paid may have been a casualty of the downturn in real estate elsewhere. We knew of someone who bought here with the expectation they would sell their home "up north" and move here. But the home either didn't sell soon enough, or offers were far less than they needed, so they had to unload the home here as quickly as possible. When selling, they were competing with new home prices and incentives and wound up cutting price to expedite the sale.
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