It doesn’t take much to slip out of favor with today’s buyers. Thirty percent of the homes in this tract sold between $1,000,000, and $1,500,000 at the peak.
Now they are two listings in the $800,000s.
Be cautious when considering tracts that are more than 5-10 years old. A street with no parking, skinny lots, and dated improvements are all that’s needed to run into trouble. Then add to the equation that 55% of the current owners here paid less than $700,000:
The price on this house was reduced to $875,000 as video was uploading!