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May 24, 2008
Overpriced
I went for a walk today and grabbed fliers for a couple of really expensive houses in my neighborhood. Then I looked them up on the city's property info page when I got home.
The one that's selling for $679,900 was last sold in July, for $367,500. The one that's selling for $535,000 was last sold in September for $360,000. So an 88 percent markup and a 49 percent markup? Sounds a bit steep, even with the upgrades promoted on the info sheets. I mean, really.
Posted by Courtney_Sherwood at May 24, 2008 09:32 PM
Comments
I guess some people still haven't gotten the lousy market memo?
Posted by: underwhelm at May 24, 2008 10:03 PM