Nothing much out here today, although I did hear of a multiple bid situation on Lucas Point. Interesting to me, I spoke with a couple of agents today and we all seem to have at least one client in the $2 – $2.1 range but what we’re showing them, they don’t like and what they like, they can’t buy. We’re still stuck in the standoff between buyers who think the $3 million houses are overpriced and the owners of those houses who like their price just where it is. I’ve been waiting for one side or the other to blink since last September and so far, no one has.
As for the $2 million houses, I’m with the buyers – they’re overpriced.