If you don't have to sell, I would wait it out - at least until next Spring. Best of luck in any event.
Huntington Properties LLC
Homes sold From Sept. 2007 to current 85. Homes sold Q4 2007 - 17. Homes sold last 3 months (Jul - Sept 08) - 25. Q$ 2007 - Average price per square foot - $437/sf (range from $203/sf to $817/sf). Last 3 months - average $465/sf (range from $244/sf to $1518/sf). Q4 07 - Average Days on Market (DOM) - 121 (range from 0 to 390), last 3 months - 130 DOM (range from 0 to 426). 14 out of the 25 homes sold in the 3 last months sold in 77 days of less. Q4 07 - SOLD prices ranged from $748,000 to $4,475,000. Last 3 months range is from $660,000 to $13,950,000.
It is easy to read with a nice graph and such.
Please do check it out
I agree that properties are on the rebound here in the area. We have a steady incline in home sales recently. Our supply for Single Family Residences is at 5.49 months at the moment. A balanced market comes in at 4 month's worth. It is still a seller's market, but not for long. Things have gotten better. It has been said that Denver & Huston are "Glaring Hot Spots" in the upcoming months. History shows that when stocks get bad, more and more people put their money into Real Estate. It is still a sound investment. Colorado REO (forclosed) properties have between 3-10 standing offers on them currently in certain areas. They will be harder to find soon.
Please call me. I would love to help you. 303-771-7500 x 115.
Keller Williams DTC