Richard Yoo’s Weblog

Friend of mine sent me this… the price difference from the standard “usual” market and the auctions are astonishing.

One three-bedroom ranch house with a pool sold for $671,000. In 2005, the same house sold for $809,000. Another house, just steps from Naples Bay, sold for $880,000 at the auction., compared with $1.35 million a year earlier. On average, the houses that changed hands at the auction had fallen about 25 percent in value since 2005, according to Thomas Lawler, a real estate consultant who analyzed the auction’s results.

What Statistics on Home Sales Aren’t Saying

              

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This entry was posted on Wednesday, December 6th, 2006 at 7:47 pm and is filed under Ramblings. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.