Quote:
|
Originally Posted by boat_guy64
Interesting.....I've been trying to buy a condo for the past nine months but I am finding most sellers are still asking for July 2005 prices. Even though realtors acknowledge the 10% decrease in prices, most sellers haven't come to that realization. I've seen condos that have had a 300% appreciation over the past ten years but the sellers aren't willing to consider an offer 10% below the "peak" prices. Seems like a big stalemate is in progress.
|
I think one Key here is that the sellers "aren't willing" to come down in prices becuase most of them have no need to. They want to sell there places if the right offer comes along and they can make a chunk of change, and maybe up grade, but if not they will keep on enjoying. My quess would be the last place we will see property prices correct themselves is up around the lake.