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Prices have actually been dropping recently
by almost_usual 8y ago
Prices have actually been dropping recently
- dilyevsky 8y agoThat. Funny enough redfin stubbornly shows my property is gradually up 6% since jan 1st with no drop while I know it’s been +15% just 6 months ago
- almost_usual 8y agoIt’s not unusual to find homes now that have been on the market for over a month and are well below their original list price. That used to not be the case until August. A friend of mine has been a bankruptcy lawyer in the city since the early 90s and expects rents / property values to significantly shift 6-8 months from now. Who knows maybe it’s all ‘baloney’. I’m not in the market, we already own a home in the city. It’s just interesting to observe the trend.
- spaceflunky 8y agoPrices where? In Las Vegas? Maybe. In the bay area? no.
- linkregister 8y agoLas Vegas prices are up 5% YoY [1]. San Francisco prices continue to climb and inventory is low [2]. Some regional Bay Area markets are experiencing a slowdown but most are not. 1. https://www.trulia.com/real_estate/Las_Vegas-Nevada/ https://www.trulia.com/real_estate/Las_Vegas-Nevada/ 2. https://www.bayareamarketreports.com/trend/san-francisco-home-prices-market-trends-news https://www.bayareamarketreports.com/trend/san-francisco-hom...
- almost_usual 8y agoYou can go on Trulia right now and find homes that have been on the market for over a month and are below their listing price in San Francisco. Things cooled off around August.
- almost_usual 8y agoIn San Francisco and the Bay Area yes. Things cooled off around August. Not sure where you got Las Vegas from.