Quote:
Originally Posted by justjim
Prices of both new and resales have gone up. I think on a resale it depends on location and the condition of the house.
There certainly is exuberance on the part of Newbees to purchase new homes before "some" say there will be no more. Of course, the price of new homes have gone up because there is a demand. The sales people are doing a good job with the "final phase."
New homes have gone up about 25% but some resales in a good location have gone up even more. Could there be a "bubble" developing?
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In hopes of all our resale prices going up, I keep hoping that the TV Sales and MLS agents would strongly focus their sellers on what the "new home" shoppers see which makes them want a new construction home instead of a resale.
Newcomers who are flocking in to get a new home are seeing (new) homes with new flooring, decorating that is modern and tasteful (not saved from the 1970s), or a home that is staged neatly and completely clutter free.
Looking at the resale listings, I often stop and rub my eyes at the photos of even million-dollar resale homes having 1970's china cabinets and dining sets, and other furniture brought from northern past homes of the owners.
For everyone's resale sake, it would be better if sellers were told by listing agents to either get professional staging done, or to empty the home completely and show it with fresh neutral paint colors that would make it look more like a new home.