She wants to trade up, but can’t find anything decent under $600,000
The more things change, the more they stay the same in our perpetually inflated Greater Boston housing market.
Prices may be coming down again, but it has been a long, slow and grudging decline here in the Boston area. And if you look at towns within the 128 belt, well it's hard to see all that much of a drop in prices from the peak years of 2004/2005.
Frankly, if you have a half decent house and don't have to sell, why would you right now?
That brings me to jhwilly's lament yesterday in the comments section on my post about the endangered species of the housing market, the move-up buyer.
She'd like to move up, but can't find anything within the $500,000 to $600,000 price range that doesn't need another $100,000 worth of work.
Now I am going on the assumption that jhwilly is looking in the Boston area - if you read this, jhwilly, please offer some additional details, either in the comments section, or direct to me at sbvanvoorhis@hotmail.com.
Here's what she wrote - what's your advice?
jhwilly wrote:
My husband and I are move up buyers but have had no luck finding a decent home. We were fortunate enough to sell our townhouse last month but trying to find a home in the $500k - $600k price range that doesn't need another $100k of work is almost impossible. And we are not looking in expensive towns either. We are finding that sellers are still pretty unrealistic with their price expectations. We are willing to wait it out and rent until the right home comes along. Home prices are only going to continue to drop.
