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My condo sale I mentioned before happened in one day. A house down the
street sold in 6 days at the asking price (which was a bit high $460K) and
20K worth of decks needed to be replaced on it. As I said there is an
extreme shortage of used homes here in Minneapolis. Not sure these prices
will hold though, almost a buying panic in spite of the economic conditions.
Beginning to wonder if people have given up on stocks for the moment and
have decided to invest their money in something they can feel and touch, and
that won't "totally" go away on them? They are worn out?
don ewers
----- Original Message -----
From: "sptrader" <sptrader@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, August 22, 2001 9:14 AM
Subject: Re: [RT] sentiment
> Here in Denver, 1 year ago, I offered asking price for a home and lost it
to
> someone who offered more than asking price !! My next door neighbor just
> sold his home in a few days to the first person that looked at it. $250k
for
> a small 3 br trilevel (1500sf) is crazy.
> Steve
>
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, August 21, 2001 8:52 PM
> Subject: Re: [RT] sentiment
>
>
> > In Minneapolis a total sellers market, very few used homes. Prices have
> gone
> > up so much I just sold a condo I bought 2 1/2 years ago that was using
as
> an
> > office (vs renting office space) for 50% more than I bought it for.
> > Incredibly that was up 15% over last December 2000(sold it in July
2001).
> >
> > So the market seems to vary by region or maybe just peaking here late?
> >
> > Hey I may have finally sold a top he-he.
> > don ewers
> > ----- Original Message -----
> > From: <SLAWEKP@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, August 19, 2001 3:41 PM
> > Subject: Re: [RT] sentiment
> >
> >
> > > In Seattle expensive (over 1 million) Downtown condos, penthouses
marked
> > down
> > > 35% & no rush of buyers
> > >
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> > >
> > >
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