Thursday, February 5, 2009

Tour tomorrow and a follow up with a pending sale

There are several new listings in North PA on tour tomorrow. I don't think some of the list prices we are seeing are accurately reflecting where the market is NOW.  A couple of weeks ago I said we should pay close attention to what 1730 Guinda did--it's a 3/2, 2000+ sq ft home, 7000+ lot, nice location, listed for $1,698,000--that's a lot of house/lot/location for the money. Frankly I was surprised that it didn't go right into contract but I do know that there were several people interested in it and it did go into contract yesterday. That's a good example of what's happening right now--qualified buyers are circling and circling but many of them aren't ready to pull the trigger.....

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