Who said the market is slow? Certainly not in Elk River right now. On one street with 20 new townhomes that all went back to the bank, there are currently 11 pending sales. That is unheard even in the best of times. Granted these homes are selling at about 60% of their value when built, but we are really seeing homes sell fast here. I know this is a very small micro market and this does not signify anything huge but, I think this may by a sign of a bottoming out. This also may be another reason to oppose the bailout as the free market seems to be working fine.
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"SOLD by Friday!"
612-868-6287
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