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Old 03-27-08, 10:31 PM   #1
Rocky Mountain
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What housing slowdown?

My condo sold in less then two weeks with two offers!
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Old 03-27-08, 10:58 PM   #2
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that's 'cause you live in Colorado and not Detroit
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Old 03-27-08, 11:21 PM   #3
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Sooo many foreclosures here in CA.
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Old 03-28-08, 05:30 AM   #4
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Maybe your price was too low
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Old 03-28-08, 07:37 AM   #5
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My wifes, Grampa is a builder and he had to leave the Loveland/Fort Collins area because it is so over built and nothing was selling. He is building Cheyenne WY now, things have pretty much come to a stand still there as well. However maybe the market is different for condo's then single family homes.

Congrats on the sale.
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Old 03-28-08, 08:26 AM   #6
lodi781
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In CT, The condo market stayed high, because for the most part, they were cheaper than the homes, and second, the people that bought them didn't have to get subprime loans to afford them.
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Old 03-28-08, 09:28 AM   #7
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Maybe your price was too low
First thing I thought of haha
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Old 03-29-08, 06:14 PM   #8
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First thing I thought of haha
nope, not if you compare it to the other condos on the market. I bought it last year brand-new and and will make a profit. They just finished a new condo building behind mine and I sold mine for more then what brand new ones went for. I've had 4 groups of people come in and look at it since I accepted another contract. So now I have a back-up offer in case the current buyer runs into problems.

I was expecting it to take a couple months to sell with all the problems! The average condo is taking 70 days to sell. I definitely had the premier condo on the market, luckily.
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Old 03-29-08, 07:57 PM   #9
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Austin's condo market is strong, but its going to get diluted pretty quickly when two residence towers and a ton of South Congress areas open.

What is ironic is that the same area on Congress which is having tons of renovation done, used to be an area heavily trafficed by prostitutesonly five years ago.
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Old 03-29-08, 08:57 PM   #10
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I was expecting it to take a couple months to sell with all the problems! The average condo is taking 70 days to sell. I definitely had the premier condo on the market, luckily.
No knocking you at all, but its the way I think. For example, if I post a sales item for a bike, and it sells in a few minutes, I made a mistake about the demand for my bike and should have increased the price. Obviously the market, for my bike, was a lesser market for the value I could have gotten for the boutique value.

Or the buyer got lucky.

Either one works for me ...congrats on selling the house, I keep reading about how bad it is (in general), so its always good to hear of things working out.
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