No longer on the market

A Saporro in Oakmont that has been on the market for 1 year has "expired".

A curious pricing strategy was employed here: The home was placed on the market at $295,000 in October 2008...in December 2008 the price was reduced to $235,000...in January 2009 the price was raised to $295,000 then in February 2009 the price was raised again to $325,000 where it remained until the listing agreement expired without the home selling.

Sapporo sale

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!

Back on the market...Sapporo

A Sapporo in Las Colinas that went on the market at $229,900 in late June but was taken off the market 10 days later is, again, back on the market.

The current owners paid $234,000 for this home in December of 2003.