Perusing tomorrow’s broker open house list I notice that sellers are still holding firm, God bless them. 63 N. Maple, a house large enough to accommodate a family but on a road unfit for same, has dropped from $5.1 million in May, 2008 to $4.995 today. Further up the road on North Maple that spec house built sideways to the road is still asking over $6 million and an older house on Pheasant is touting its “huge price reduction”, from $4.295 to $3.994.
Sellers can do what they want and that’s what they’re doing, but just for the record, here are some numbers to consider:
Houses for sale priced over $4.795 million: 183
Sold this year: 18
Sold this month: 3
And for builders:
Spec houses for sale above $5 million: 57
Sold this year: 10
Sold this June: 2