The market is already cooled down, unfortunately...from my realtor when we were discussing the list price. (He got this from the upper management at Remax)
"The listings are piling up. There are over 4400 in Prince William now, up 283% from April 2005. In the key $450,000 to $599,999 price range the increase in inventory is a staggering 370%. Sales contracts are down by 45% from a year ago to only 616 in April. There is over seven months inventory on the market
Associates must prepare their clients to wait and to be agreessive. In 2005
17 days was the average list to contract period. In April 2006 it was 63 days and the trend is upwards. Only the best staged, best priced properties will sell in this glutted market."
it took a lot of negotiating to get him to agree on $589k...he wanted to go "live" at $569k but that would have left us no where to negotiate to.
jordon said:
i hear it has a killer deck!
Yes, I have heard it is a nice deck too Doug. :rofl: