Originally Posted by
Soonerinfiniti
Seems like any house under around $350,000 in the core area is pending within a few days. Many of these homes need serious work, but I guess people are so desperate in that price range that they don't care that a good renovation just doesn't make economic sense. Also, it amazes me when brokers tell me they have 15 offers the first day listed. Obviously the listing price is too low - are the realtors being lazy and looking like a hero? I guess in a hot market you can do that a few times, but the general price trend is moving up - fast.
Amazing to see new construction in the Classen Ten Penn area going for $500,000. Never thought I would see that area get hot. Driving out NW Expressway there are new homes in the $250,000 range. I guess it all comes down to location, location, location....
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