Lot 9 Pinehurst area of Watercolor is pending for $240k😱 . In 2005, a nearby lot of similar size was sold to a local builder for $679k.
Downward pressure on prices continues regardless of a recent uptick in buying. Still way too much inventory on the market and sellers desperately looking to get out. Most of the buying is occurring at these prices that are receding back to 2004 levels, and in some cases like this one, back to 2003 price levels.
fisherfisherBeach Fanatic822 postsJoined View profileMessageBeach Fanatic
10,453 views
Replies
62Bob
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
I recently witnessed a 322,000 house sale threatened over bickering about a $100 garage side door. Kinda like this thread.
JoshMclean
JoshMcleanBeach FanaticSanta Rosa Beach995 postsJoined View profileMessageBeach Fanatic
55 Royal Fern Way
SHELLY
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
I recently witnessed a 322,000 house sale threatened over bickering about a $100 garage side door. Kinda like this thread.
And who won?
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Bob
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
And who won?Let's just say the new door quietly crawled onto the HUD-1 under seller concessions. Everyone won because there was a closing.
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SHELLY
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
Let's just say the new door quietly crawled onto the HUD-1 under seller concessions. Everyone won because there was a closing.
So the seller DID concede....I bet the $100 door hit him in the arse on the way out! Hot Damn it IS a buyer's market after all! ;-)
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Edited
Bob
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
So the seller DID concede....I bet the $100 door hit him in the arse on the way out! Hot Damn it IS a buyer's market! ;-)As Paul "Fossil' Harvey says, Now, for the rest of the story. The sale was in O'town, and the buyer paid 190k less than 2 years ago as a rehab flip. The house sold for 30k less than an extremely conservative appraisal, so I'd say everyone won here. And yes, all this occurred in an obvious buyer's market.
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Pirate
PirateBeach Fanatic331 postsJoined View profileMessageBeach Fanatic
If I paid cash for the lot would the 20k matter? I guess the almost 10 percent difference really doesn't mean much.
Edited
drivingtheview
drivingtheviewBeach Lover107 postsJoined View profileMessageBeach Lover
:nono1:
I used to read posts here everyday. Today is the first day I have logged on since the Christmas holidays. Now I recall why I stayed away for so long.
The market is what it is. Just as it was what it was back in 2004. I find it hard to comprehend the high levels of narcissism here. For whatever reason, some people apparently enjoy our difficult, stressed economic conditions resulting from the current market. Those that seem to enjoy this are experts at writing with consistent, condescending tones. Additionally, they seem to derive satisfaction from their eminent forecasts of this markets demise. I for one struck out on predicting the demise of the southeastern coastal state insurance markets due to unprecedented hurricane damage in 04-05. I would be grinning right along with you if I did not know of so many friends, neighbors, and countless other unknown good people who's lives have been negatively impacted (due to the current real estate market).
It is obvious that most of you are great people who provide excellent information for us all to share and discuss. God bless those of you who are grinding away each day to market/sell properties and promote all of the wonder of SoWal. The market will turn in a positive direction in the foreseeable future in spite of the eager pessimism. This will also cause most of the junk to filter itself out here and maybe we can all become friends again.
I used to read posts here everyday. Today is the first day I have logged on since the Christmas holidays. Now I recall why I stayed away for so long.
The market is what it is. Just as it was what it was back in 2004. I find it hard to comprehend the high levels of narcissism here. For whatever reason, some people apparently enjoy our difficult, stressed economic conditions resulting from the current market. Those that seem to enjoy this are experts at writing with consistent, condescending tones. Additionally, they seem to derive satisfaction from their eminent forecasts of this markets demise. I for one struck out on predicting the demise of the southeastern coastal state insurance markets due to unprecedented hurricane damage in 04-05. I would be grinning right along with you if I did not know of so many friends, neighbors, and countless other unknown good people who's lives have been negatively impacted (due to the current real estate market).
It is obvious that most of you are great people who provide excellent information for us all to share and discuss. God bless those of you who are grinding away each day to market/sell properties and promote all of the wonder of SoWal. The market will turn in a positive direction in the foreseeable future in spite of the eager pessimism. This will also cause most of the junk to filter itself out here and maybe we can all become friends again.
Camp Creek Kid
Camp Creek KidChristini ZambiniSeacrest Beach1,277 postsJoined View profileMessageChristini Zambini
:nono1:
I used to read posts here everyday. Today is the first day I have logged on since the Christmas holidays. Now I recall why I stayed away for so long.
The market is what it is. Just as it was what it was back in 2004. I find it hard to comprehend the high levels of narcissism here. For whatever reason, some people apparently enjoy our difficult, stressed economic conditions resulting from the current market. Those that seem to enjoy this are experts at writing with consistent, condescending tones. Additionally, they seem to derive satisfaction from their eminent forecasts of this markets demise. I for one struck out on predicting the demise of the southeastern coastal state insurance markets due to unprecedented hurricane damage in 04-05. I would be grinning right along with you if I did not know of so many friends, neighbors, and countless other unknown good people who's lives have been negatively impacted (due to the current real estate market).
It is obvious that most of you are great people who provide excellent information for us all to share and discuss. God bless those of you who are grinding away each day to market/sell properties and promote all of the wonder of SoWal. The market will turn in a positive direction in the foreseeable future in spite of the eager pessimism. This will also cause most of the junk to filter itself out here and maybe we can all become friends again.
:clap_1: Now post more often!
Bob
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
:nono1:Good post, and don't let the "axis of upheaval" get you too riled. It's all good fun to disagree, because we all know how fast the area is evolving. Mostly for the better...
I used to read posts here everyday. Today is the first day I have logged on since the Christmas holidays. Now I recall why I stayed away for so long.
The market is what it is. Just as it was what it was back in 2004. I find it hard to comprehend the high levels of narcissism here. For whatever reason, some people apparently enjoy our difficult, stressed economic conditions resulting from the current market. Those that seem to enjoy this are experts at writing with consistent, condescending tones. Additionally, they seem to derive satisfaction from their eminent forecasts of this markets demise. I for one struck out on predicting the demise of the southeastern coastal state insurance markets due to unprecedented hurricane damage in 04-05. I would be grinning right along with you if I did not know of so many friends, neighbors, and countless other unknown good people who's lives have been negatively impacted (due to the current real estate market).
It is obvious that most of you are great people who provide excellent information for us all to share and discuss. God bless those of you who are grinding away each day to market/sell properties and promote all of the wonder of SoWal. The market will turn in a positive direction in the foreseeable future in spite of the eager pessimism. This will also cause most of the junk to filter itself out here and maybe we can all become friends again.
Edited
STL Don
STL DonBeach Fanatic324 postsJoined View profileMessageBeach Fanatic
I agree that Driving the View made a great post. And I don't think the bitterness that he/she points out "is all just in good fun" as suggested by others. The vitriol and personal attacks lately in the real estate forum are far different than the "good fun" that was had in the past with debating with Shelley
TheSheep
TheSheepBeach FanaticFarms360 postsJoined View profileMessageBeach Fanatic
I agree that Driving the View made a great post. And I don't think the bitterness that he/she points out "is all just in good fun" as suggested by others. The vitriol and personal attacks lately in the real estate forum are far different than the "good fun" that was had in the past with debating with ShelleyGee whilikkers, I have only six letters to offer.
U-S-E-N-E-T.
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