Royals32
New Member
I have been stuck in my Scarborough condo for about 5 years, unable to sell because of a lengthy estate situation (bad will, dirty lawyer, etc.) but now things have finally gone my way and I am ready to unload this place and move into a house.
I have been watching prices on the units in my building for the last 18 months, and it seems that all this talk about prices dropping all over the place does not apply to the units in my building. The list prices are exactly what they were 18 months ago. Now here's the twist...we're only talking $175,000 for a 2 bedroom, 2 bathroom, 1000 sq/ft unit and the maintenance is close to $500/mo. Are homes in that range more likely to hold their 'value' than the ones that I've read about that have come down as much as 20%?
Also, the house I'm looking at buying is only listed at $279,000 and I'm curious if that would fall into the same category of low-end listings?
I have been watching prices on the units in my building for the last 18 months, and it seems that all this talk about prices dropping all over the place does not apply to the units in my building. The list prices are exactly what they were 18 months ago. Now here's the twist...we're only talking $175,000 for a 2 bedroom, 2 bathroom, 1000 sq/ft unit and the maintenance is close to $500/mo. Are homes in that range more likely to hold their 'value' than the ones that I've read about that have come down as much as 20%?
Also, the house I'm looking at buying is only listed at $279,000 and I'm curious if that would fall into the same category of low-end listings?