appraisal: The Market is Never Wrong - Distressed Property Sales as Comparables - 04/09/08 05:11 AM
I work in a beautiful resort area where many people purchased homes, condos and land (many with cash) over the last few years. 
Many buyers got in before or while prices shot up in 2005 and 2006.  Since 2006, inventory levels have increased and sales prices have slowly fallen.  List prices on properties where sellers don't need to sell have been slow to come down.  Sellers have every right to list a property at whatever price they feel most comfortable with, as long as there is an agent willing to list it for them.  I don't have an issue with that.  Personally, I would rather lose a significantly over-priced listing than continue to market it, but another discussion.
I take issue … (1 comments)

John Allaire, Recreational Property Specialist (Destination Properties) Rainmaker large

John Allaire

Recreational Property Specialist

Eden, UT

More about me…

Destination Properties

Address: Eden, UT, 84310

Office: (801) 745-2619

Mobile: (208) 841-6774

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Market update on trends, statistics, comparisons and listings for the Northern Utah Real Estate Market. Market area includes Eden,Liberty,Huntsville,Powder Mountain,Snowbasin,Ogden, Pleasant View,Morgan and Mountain Green. Covering Weber, Morgan, Davis and Cache County Utah.




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