Wednesday, April 11, 2007

Good timing/bad timing...

Looks like we got pretty lucky with the sale of our condo...
But, it also looks like we might have gotten our "dream" bungalow for cheaper had we decided to hold out...

Home prices set for first drop in 40 years

I'm comfortable, though, with what we're about to pay for this home. In a year, others might get comparables nearby for cheaper, but you know what? That's OK with me, because I got a house I wanted at the price I am happy with.

So is the glass half-empty or half-full? I'd say, based on the top 100 markets, that it's half-full. Even with the above forecast for the country, Chicago prices are expected to rise 2.2%. So I'm glad we did what we did.

3 comments:

basianov said...

Yeah, but you already got the place for significantly lower than it originally listed, so what's all the yammering about? ;)

Congrats!

Andy said...

Well, that and we don't expect to sell in a year. But it is nice to see that prices in Chitown aren't going to be as affected, in theory, by the bubble bursting. I know they SAID that all along, but nice to see it coming to fruition. Trust me, there is no yammering. :)

debb said...

I think you're better off then you know. Especially because you were able to sell your condo in this current market.

We bought exactly about a year ago and we actually paid above asking price. There were 3 offers on this house 3 days after it went on sale, so the fact that you got yours well below asking is great. Kinda sucks for us that the market turned 4-6 months after we bought we probably could have gotten one that had more then 2 bedrooms this year. (NW side prices are crazy, but this is where my husband works)

But yeah all in all Chicago really isn't expected to change much, so I say you did real good.

Look forward to seeing photos and projects!

(Debb from ForgottenBungalow)