Asked by Rani5907, Farmington, MN • Thu Jan 15, 2009
Trulia reports 4 properties had been sold in Lakeville in last 60 days. With a median value of 281k, to me it looks like for a value buyer like me, one has to be in the upward of 250k to buy a primary residence. That would fetch a property that would had been possible even 2 years ago. I am wondering given the overall credit situation, not having enought buyers, whats drving the value not decreasing significantly in a very nice suburb like Lakeville. Is a primary reason that there are still high end buyers who are buying properties upward of 300- 400k?
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