and with the recent spike in high-end sales, they may be holding out with a bit more resolve than before.
In the past two weeks there’ve been 54 price reductions on Foothills homes. With twice as many –36 - on homes $599k or less, than on homes over $599 -18. ($599 is the median list price)
And $599 and under, has been and is, selling very nicely. And despite the recent spike - and it was a spike and not a gusher - the high-end still has a long long way to go.
Yet, they’re still holding out. Why. Because they can afford to.
And summer’s almost over. And I think that they think, that things will get better, not worse. And it will be worth the wait. And I’m beginning to believe that for some of them, it will. The question is, for how many.
