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In My Neighborhood in 30092 : Real Estate Advice

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  • Home Buying9
  • Home Selling1
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Activity 1
Wed Sep 23, 2009
Michael Hammond answered:
This home has been listed since 6/30/2008 starting at $459,900, Haveq. It is one of sixteen active listings in the development. The first agent reduced it to $449,000 on 10/31 and then to $429,000 on 2/27/09 before withdrawing it on 3/13. After that, the next agent listed it at exactly the same price, $429K on 3/16/2009, even though it had not sold at that price point previously. May 28 saw a price drop to $426K, then to $415K on 7/9 and finally to $405K on 8/13. Some real estate folks refer to this as "chasing the market' but it may be that the sellers are not very motivated to move it, trying to retain their equity and are simply testing the waters, hoping one of these casts reels in a big one. I wish them Good Luck, as always. ... more
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