It’s Getting Ugly
We’ve hit the “100 properties on the market” in Clayton which is an all time high. Many of my colleague Realtors have convinced their sellers to continue dropping the price, in some cases as much as $200,000. This is a great diservice to the sellers (and the area), since it is a lack of buyers that is affecting their ability to sell, not high pricing. Even with huge price reductions on desireable properties, many are still not selling. Although I generally focus on listing properties, this market has made me redirect my energy towards finding buyers incredible deals. If you are considering buying in Clayton, you have a few more months to get the “deal of the decade” if you choose well and negotiate hard (email me for more info). It’s getting so attractive for buyers that I may become one in a few months just to make a few bucks in the upcoming couple years.