From Pine View Farm

Update from the Foreclosure-Based Economy 0

When I sold my house in Delaware, I did not take in as much as I had hoped (though I was not under water, having instinctively distrusted all those banksters who wanted me to “refi to take the cash out”), but you have to play the cards you are dealt.

Apparently, not waiting was the correct strategy:

New Castle and Sussex counties fared best in terms of year-over-year sales, rising 5.3 percent to 1,241 in Sussex and dropping just 2.5 percent to 3,328 in New Castle. Kent dropped 11 percent to 888 homes sold in the first nine months.

Sales prices slipped 10.5 percent over the year to a median of $170,000 in Kent and 6.6 percent to $198,100 in New Castle. Since 2008, median prices have fallen 20.1 percent in Kent and 13.9 percent in New Castle.

That’s all the counties in Delaware.


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