I was out showing homes yesterday morning in the Far West End in the prestigious Twin Hickory neighborhood. I was surprised at how many foreclosures there are in the area, as well as how many new construction communities are still building out there. It seems to be quite the dichotomy of behavior!
Nonetheless, what seems to be selling are the homes under $400,000. Once a home drops under that magic level, it seems to sell and most over it seem to be going through the price drop blues. Just my humble observations.
Check out the relevant websites for the area below: