The real estate market isn’t suffering everywhere — something the financial media often fail to appreciate. In DC, for example, prices are up year-over-year. In Fairfax County, they’re down.
And a reader forwards this information on his attempt to sell a “modest row house” in San Francisco:
Here’s an email I got from my San Francisco broker today:
“…In this “terrible, catastrophic” housing market, we experienced:
– 49 offers in 5 days
– $153,000 over the asking price
– 19 day close (11 days early)”
He describes the property as a modest row house in a middle class neighborhood sold in “as-is” condition — no contingencies except financing.