Thu 28 Feb 2008
What do the Blues Brothers have to do with Real Estate?
Posted by Kendyl under Fun, Northwest Glendale
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Northwest Glendale Real Estate Hotsheet
click here for disclaimers and chart explanations
863 Omar has been around the block before… back in 2006. The price then was $697,000. Ok, if that price didn’t work in ‘06,what makes them think that $675,000 will work now? As the Blues Brothers once sang - do you want a wish sandwich?
841 Grange and 614 South are both short sales and great examples of a theory I first posted here.
The second reason is more obvious. Although buyers are buying, they are darned picky. They are only buying the best homes - the best floor plans, condition, location and lot. So, even though the average price has remained the same, the quality of that home is far better than before. Inferior homes, more often than not, are simply not selling.
I see a trend towards a huge price difference between the great homes and the - well, not so great. Some of these not so great homes are in financial distress and if they are to sell at all, will sell for way less per square foot than thier premium counterparts.
Do you smell an opportunity? I do!!!!!
Tags: 91201, 91202
