Great Deal on a Home for Sale?

Blog by Arnold Shuchat | November 14th, 2012

Just Sold: A single family home just sold in the Lackner area (between No 2 Rd and Railway and between Woodwards and Maple) for approximately $878,000.  It was a 1986 built home with 2800 sq ft and it had 5 bedrooms.....  Now does that sound good?  It also sold for about $162,000 below assessment!  These types of deals are starting to fall out of the market as seller fatigue sets in. Oh, and one more thing: this house would likely have sold for around $1,200,000 in early 2011.  Do thae math.  That is a decline of about 26%!