Quote:
Originally Posted by sum-r breeze
I've seen small market corrections along the way. We bought our forever home at the lake in 2016 after multiple condos. The house was on the market for two years and no buyers. The house was only seven years old and in really good shape. We purchased for 20K under asking price. Now things are on fire and a another home on our street sold for 20K over asking.
The Breeze
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I also bought back in in 2014 for 40K under list after the home had been on the market for over a year. Prices started creeping up around around 2016 but it really turned to a sellers market over the past couple years. Now things are just plain crazy!
We've seen these kind of things back home for about 6 or 7 years now but I've never seen it like this in the Lakes region and I've been coming up here for 50 years.
People are flush with cash, never seen so many cash sales.