Quote:
Originally Posted by seeric
I bought my house, which was worth 905k at the top of the market for just 590K two years ago at the very bottom of the market. I got a cash offer just 2 months ago to sell my house for 725k. Of course we said no. There is no inventory right now in the best neighborhoods in California, and people are offering +5-9% over market because they know that the property values are going to continue to rise.
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It's the same here.
A couple of years back, it seems like every 10th house on a block was for sale. Now, you can barely find anything decent. Those on the lake are creeping back up into the half million dollar range. There is little inventory right now for those looking to buy anything beyond investment bread box type houses.
