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I think the average resale price for a 2/2 patio villa is now well over 300K. Now that is ridiculous.
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Not only housing, look at the economy in general...everything is out of control.
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A friend of ours paid $650K for a nice house in Rhode Island about 25 months ago. Listed it for $999K. First day 8 offers. Final sale $1,170,000. It was a nice house but gimme a break. two Doctors started bidding against each other. This deal included no inspections and no contingencies. Cashish! Nuts!
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Not for long. Everyday my neighborhood has more listings and no new sales. 2 sales didn’t close. Bet appraisal came up short
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the only thing constant in life is change...
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Three went up on our street in April as spec homes. All were sold within minutes.
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Unbelievable
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