I am suprised your condo has not sold yet. After reviewing Condo sales in Loudon County between the dates of May 15, 2011 thru May 12, 2012, I find 31 that have sold. The average price was $193,000, and 3 have sold in Meadow Walk Villas during this period. I have sold 2 condos in Lenoir City last year. If you would like some additional information or criteria, please do not hesitate to contact me for further assistance.
Realtor Affiliate Broker
I am a Realtor with Century 21 The Real Estate Place in Lenoir City. I would have to see your condo to do a final Comparative Market Analysis (CMA). I am sure you have staged the outside of the condo as well as the inside for maximum presentation and impact. If you have done so, then it strictly comes down to price. The sweet spot right now for most condos in Loudon County is $89/sq. ft. The average price/sq. ft for all houses (not condos) in Farragut for instance is $103/sq. ft. A price of $101/sq. is probably not going to get much traffic. Buyers are in control right now and everyone is looking for a bargain. Often buyers are pulling out of deals at the last minute and walking away from earnest money because they have convinced themselves that they didn't negotiate the price low enough. It really is unreal. I am not telling you this to discourage you but it is important that someone shoot straight with you. I would love to help you find that "sweet spot" and get the traffic maximized on your condo. Just let me know if you want me to run a CMA for you including a walk-through.
Century 21 The Real Estate Place