This listing shows how specific (or how fragile?) the market is these days.

The same floor plan around the corner had about 10 offers on it, and closed last month over list price, for $720,000:

 http://www.sdlookup.com/Pictures-090066614

Yet this one isn’t having the same good fortune:


 

I mentioned in the video that it needed $20,000 to $25,000 – that’s to get it in good enough condition to move in.  The eventual owner could easily spend $50,000+ in improvements over the first year, and today’s buyers don’t want the hassle.

If you’re only willing to consider buying the houses in excellent condition, it really narrows down the selection – and inflicts bidding wars in virtually every case.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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