A Sapporo model (1 story, 3/2/2, 1769 sq ft), was just reported to have sold at $230,000. This was not a short sale as the sellers purchased the home in December 2003 for $234,000 and did not "over mortgage" the home when they refinanced last year.
The home sold very quickly, in large part because it was NOT a short sale, as buyers are growing increasingly impatient with the uncertainty and exceptionally long time frames involved with short sale purchases.
Take a look at the SOLD report directly below this post...a bigger house, on a lake, with a pool...and it only sold for $10,000 more! Why? Because IT WAS a short sale and this was not.
So, did those buyers buy "under market value" or did these buyers pay "over market value"...well, you see, there is a DIFFERENT MARKET VALUE depending upon the TYPE of sale...not just sq footage, location etc.
This maket has many nuances!
