If north of Montana is special and everyone wants to live there, why are houses not selling? Not enough buyers, or are even those buyers price-sensitive?
Anyway, here's the fifth mid-month list of everything north of Montana over 30 days on the market (10/15 previous). Three joined the list and seven were removed, but a number of new listings within the last 30 days will likely join this list next month.
704 15th St., 2 bed/1 bath, $1,990K LP, 8/22/07 LD (red. 13%)
754 23rd St., 4/3.5, $2,395K, 9/27/07
710 23rd St., 4/3, $3,150K, 7/13/07 (red. 4%)
557 12th St., 6/5.5, $3,495K, 6/4/07 (red. 17%)
239 14th St., 5/5.5, $3,998K, 5/29/07 (red. 11%) new
333 14th St., 5/6, $4,595K, 6/29/07 (red. 6%)
533 23rd St., 5/6, $4,790K, 9/25/07 new
620 Alta Ave., 4/3.5, $5,395K, 10/11/07 new
1605 San Vicente Blvd. (photo), 6/7, $22,500K, 8/20/07
Removed listings:
611 14th St., 3/1.75, $2,049K, 9/7/07 (red. 7%)
242 25th St., 2/1.5, $2,399K, 7/7/07 (red. 4%)
256 24th St., 3/2, $2,995K, 9/12/07
202 14th St., 6/4, $3,288, 5/24/07 (red 15%)
721 Georgina Ave., 4/5, $3,450K, 8/21/07
421 23rd St., 6/6.5, $5,000K, 5/24/07
1020 Palisades Beach Rd., 6/6, $10,550K, 7/9/07
Wednesday, November 14, 2007
Not selling north of Montana
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3 comments:
Just came across your site. Useful info but You seem to take a perverse pleasure in all this pain. I don't get it.
"All this pain"? People who own property north of Montana are hardly people in genuine financial pain. When I think financial pain, I think enduring the ravages of poverty, not that a Persian land developer just got hosed 15% on his flip project. That isn't pain, it's comedy.
Good one, Anon #2!
Anon #1, is the greater pain not being able to sell at inflated prices, or that prices got so inflated that buyers were priced out of the market unless they used toxic financing?
I find falling prices hopeful for future buyers. I suppose, too, there is an element of seeking poetic justice among bubble bloggers.
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