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princeton market: Who is buying property these days?
- 02/01/09 03:34 PM
Well it seems my prediction of a real estate recovery early in 2009 is so far true. That's the main reason I haven't blogged in a few days, (I've been busy). The Mercer Tazewell Multiple Listing Service is up 50% in residential sales for the month of January compared to last January. Overall sales are up about $800,000 dollars this month from last year. What was interesting also was our median sold prices and average sold prices are both up. Our average sold price went up 30% from January of last year to January of this year, although comparing the entire … (1 comments)
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princeton market: The Emperor's New Clothes
- 01/07/09 05:59 AM
Many of you may recall the story of the Emperor's New Clothes where two smooth talking taylors sell the emperor a new suit, which is so fine it can only be seen by someone with exquisite taste. Well I fear that the real estate bubble of 2008 was much like the Poor Emperor. Real estate is like the weather, it's local. You may have heard about it snowing in New Orleans, Miami, and Las Vegas all ready this winter, and just as the weather changes frequently so does real estate.
There's no doubt we have experience a hiccup in our market with about a 10% drop in sales … (0 comments)
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Well it seems my prediction of a real estate recovery early in 2009 is so far true. That's the main reason I haven't blogged in a few days, (I've been busy). The Mercer Tazewell Multiple Listing Service is up 50% in residential sales for the month of January compared to last January. Overall sales are up about $800,000 dollars this month from last year. What was interesting also was our median sold prices and average sold prices are both up. Our average sold price went up 30% from January of last year to January of this year, although comparing the entire … (1 comments)
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