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on May 18, 2013
A few weeks ago I posted about how ridiculous are housing market has become.I mentioned as evidence a 1500 sq ft older home in Valley Trails advertised in PW for 650,000.Well....that home did not sell for the inflated overprice of 650,000.It sold for 720,000 with multiple offers.I saw this house and believe me when I say it was very ordinary.WOW.Low inventory and desperate buyers equals madness.At least the interest rates are crazy low.I saw a 1236 sq ft house about 50 years old with 8 ft ceilings that was listed at 699,000 that had commercial buildings behind it.I can only imagine the shock and dismay someone moving here from another state must feel.
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