A reader of this blog who is also looking to buy a home in the Foothills, has taken a keen interest in the sales data that I pump out. So much so that he's been doing his own slicing and dicing of the data along with offering his opinions of the market. And yes, he's a buyer.
"Here is a reality check. In the most recent 30 days, the most expensive home sold on a price/sf basis was $253, a $468k golf villa in Ventana."
"The median listing is close to $650K; there are 297 homes for sale at or above $650K. In the past 30 days, there have been only 8 closed at or above $650K. The upper half of the market has died. If you drop down a bit, it doesn't get a whole lot better. The majority of the sales (58%) has been in the bottom third of the market measured by listing price."
"... it appears to me that there are motivated buyers what is needed are motivated sellers. Or, to put it another way, buyers will get motivated when the sellers are"
Is anyone listening.
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