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Saturday, November 13, 2010 - Market Conditions

Today's market conditions are indeed varied.  Entry level single family homes appear to be increasing in value -- high rise condo's in a holding pattern - and many townhouse complexes still reducing slightly.  So what to do?  One can never state we are at the bottom or top of a cycle -- and  making purchase decision based on this finite point is a quesstimate at best.  However if you view the market in quartiles, you should be reasaonablyu accurate with your result.  Purchasing while in the bottom quartile typically means as a Buyer, you will realize great value.  Selling whilst the market is in the top quartile typically means you will realize a premium for your property.  Our market still appears to be in the mid/bottom quartile.

posted in General at Sat, 13 Nov 2010 17:26:40 -0700

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