Housing Market Slowdown

[Biggd]

Originally Posted by Couple of Lakers

Thanks for your input. We understand what you're saying but without actually seeing the property in person we can say this.

Yes our place is small which we believe is reflected in the price. Someone could also add a second story which is approved and end up with a property worth much more for a minimal investment.

Pretty much all properties on Weirs Blvd are close to the street too. That's never been an issue with us. We can't even hear traffic inside. We're lucky to be one of the few places on the water side too. Not having to cross the street is huge.

Langley cove doesn't have a problem with shallowness itself. Just in front of the decks in units 1, 2, and 3. Our dock has always had deep enough water so we never removed our boat until late in the season. There's not even an issue now with our spot with the lake this low. The association beach is beautiful year round and the diving dock always has plenty of depth right until we take it out.

So unless we're missing something the only physical factors we're seeing would be size and the water level off of our deck. Everything else in our opinion and the realtors as well seems to check all of the boxes for not being a million dollar property.

The real estate market has always been unforgiving in our opinion. Buying or selling. Luckily we don't have to sell and would never feel stuck. It's been our dream home for many years. The more we talk about it the more we question if we're making the right decision. We're spontaneous like that. We're not even sure exactly where we will end up but will figure it out.

Our real estate agents, and other agents too, thought our place was a good deal and would sell fairly quick even before we slashed our price. Again, our reason for chiming in and thinking that yes, there is a slowdown. Also most people would probably not be buying to live here full time like us. Vacation homes we don't think are an option right now for many like they were in the past and that limits our buyer pool.

At this point we've been thinking about taking it off the market and waiting until early spring to try again if we don't change our minds all together. Who knows what the market will look like 6 months from now.

Thank you everyone for this thread. Lots of good insight.

I think the size is the issue, 400 sqft is quite small, JMO! That's over $1500 per sq ft.