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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (69269)12/22/2006 8:31:12 PM
From: Lizzie TudorRespond to of 306849
 
yes well I posted yesterday that a friend bought a house here last month for $810- very desirable area, and a 1250 sq ft little 3br 1ba bungalow that was 500sq ft smaller than her new updated house, right next door, went for $670K in 02 and $803K in 05.

I can only conclude that prices have reverted to 02/03 levels for some expensive areas here.

Having said that, there seems to be some deals so it isn't like the early 90s when real estate just stopped dead.


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