Real Estate Resource

I won’t pretend to know what it means, but I’m seeing pricing like it was 2006!  And, that my friends, is what’s selling! If you price aggressively and not try to price for the most recent comparable data AND you are staged properly for marketing, the property sells!  Right now what’s moving in the local Portland marketplace is priced less than the sparse and oft-times unusual comparable sales data.  There is a real estate market out there and it is definitely buying & selling.  The buyers are looking for a “deal” or a “steal” but will settle for a present-day market value if the location & condition is good.  The sellers are still adjusting (and, rightfully so) to a new & different marketplace.  This is very apparent in the condo & townhouse market, where the choices are many & the sellers are competing with new construction and developer/builders who must now offer incentives & builder added options to keep prices “appearing” to not go down within a project.  If it’s any consolation, I’ve seen this cycle multiple times and we always “pull-out”.  However, I’m sure that’s minor consolation to anyone caught in the “vortex” with a time-based need to sell right now.  Just one gal’s opinion!

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