Post Number: 80
|Posted on Wednesday, March 05, 2008 - 11:51 am: || |
Anyone know, in general, how much prices have fallen on condos/etc. in the past year or so (assuming they did fall)? Any examples of unit prices "before" and "now" prices?
My friend, who has contemplated moving here over the past few years, may once again start making some calls. I'm asking for him.
Post Number: 283
|Posted on Wednesday, March 05, 2008 - 1:02 pm: || |
I guy I know bought a place in Brush Park for 200,000 that was originally going for 385,000.
Really quite a tragedy considering that the developer is now virtually without home. The bank foreclosed on the house, and they wanted to rid themselves of the burden quick, hence the halving of the price.
One man's misfortune is another man's gain.
Post Number: 161
|Posted on Wednesday, March 05, 2008 - 1:31 pm: || |
Have your friend contact a Realtor. They can do a market analysis for your friend and let them know where prices are.
My Realtor was Austin Black from Max Broock. He is very knowledgable, well respected and will give you an honest assessment of the market.
You can find more info on his website: www.austinb2.com. He also does a monthly e-newsletter http://www.austinb2.com/about/ urban_living.htm