2 November 2009 ? As we finish up 2009, pricing is the focus to make the sales happen before the end of the year. Even developers are taking their hits as Belgravia Group announced reductions of more than 10% on their remaining townhomes at one of their developments in University Village. Bluestone Development has continued to lower prices on their Fletcher Row Townhomes Development in the Hamlin Park/Roscoe Village neighborhood as well as offer buyer financing and incentives. As developers begin taking substantial price changes, there is more pressure on residential resale property values. Home sellers are now competing with new construction in addition to short sales and foreclosures. The average and median home sale prices continue to rise as buyers are going forward on homes in higher price ranges where pricing has been greatly adjusted.Email This Post To a Friend.
Developers Dropping Prices to Move Inventory
November 2, 2009
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