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Home sellers are your homes priced correctly to sell? If not, your home is still for sale. Home buyers are buying homes at realistic prices and not at prices where most of the homes are currently listed for in Charleston and Mount Pleasant, SC. With a high inventory of homes on the market and more foreclosures coming, the high supply of homes should push prices down to realistic levels. Those homes that priced correctly and are in reasonable condition are selling with multiple offers.
Real Estate Market Hot For Low, Mid-Priced Homes
Multiple Offers, Bidding Wars Possible For Houses Priced Near $250K
Lane Lyon, 7NEWS Reporter, TheDenverCHannel.com, 11:21 pm MDT April 8, 2009 - DENVER -- Denver-area homeowners living in the same neighborhood could have very different selling experiences -- depending on their listing price.
Real estate agents aren't shy about discussing a red hot market being felt in the lower- and some medium-priced segments of the housing market.
"In fact, one of the agents in my office told a story this morning about how they were in bidding war and there were eight offers on the property," said Gretchen Faber, a broker with The Kentwood Company in Cherry Creek.
Faber said the property was listed around $250,000. Properties that are moving faster seem to run from $150,000 to $400,000, Faber said.
"That's the segment of the market where we've seen multiple offers, buyers having to make quicker decisions. The good properties that show well and are well-located are selling," Faber said. "The higher price range is picking up, but it's still a slower segment of the market."
"It's a complete dichotomy; two completely different markets," said Charles Roberts, managing broker at Your Castle Real Estate.
"Between $250,000 and $350,000 -- it’s not so bad. Under $200,000 it's hot. And above half a million, it's stagnant in most cases," Roberts said in a recent 7NEWS interview.
Home buyers and investors seeking properties that have undergone foreclosure or are short sales are fueling sales.
To read the rest of the article, http://www.thedenverchannel.com/news/19134459/detail.html
Charleston, Mount Pleasant, & Hanahan Real Estate For Sale
Matt Naumann – Charleston & Mount Pleasant, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Mount Pleasant, SC Real Estate Market. My motto is “There is always a way!” Google or Call me (843) 818-9898 and let’s discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.
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