Are you looking to buy a McMansion? Well if you are, you are now in a great position.
I, along with many others, have been saying for quite some time that it is a seller’s market in real estate. And that is true in many segments. Especially in the lower-priced, starter homes. But as you move up through the home price segments it is still a seller’s market until you get into the higher priced homes.
Once we hit the higher price homes, for example home selling for an excess of $1000000, there is a glut of homes on the market. This is creating a buyer’s market. There are many homes to choose from. And this is causing prices to drop. Even though unit sales in the segment are going up, prices are coming down.
And on the other side of the coin, if you have a home in the lower or middle price range, that is still a seller’s market,
So if you are looking to buy a McMansion, now would be a great time to buy one.
Give me a call to discuss.