Census Population in Blaine County
March 18, 2011Finally Home in Hailey
March 24, 20112006 prices don’t matter anymore. It doesn’t matter that it was listed for $750,000 in 2006. Today it’s just not worth that anymore and market value for the same property is probably more like $550,000.
Using 2006 values as a sales pitch to show how much the property has been discounted isn’t worthwhile anymore, either. “Prices slashed 65% from original list price” just tells me how over inflated the price was back then, not what it’s worth today.
The sooner we can let go of 2006, and put it in the real estate rear view mirror, the sooner we can get back to a healthy market.