I've just listed the nice updated condo in Richmond Place of Richmond Heights, OH. What struck me was the piece of paper which I found in my desk drawer. That was a draft for Ad which I ran in 1999. That advertising was about the 3 beds 2 1/2 baths condominium in Richmond Place - exactly the same as I've just listed two days ago!
And - the most amazing - the asking price is almost the same: back in 1999 it was $124,900. Today in 2008 it is more "Search criteria complied" $125,000.
This fact just caught my attention. I started comparing. That's what I've got:
Year of 1999
President - Bill Clinton
Gas price - $.99/gallon
3 beds 2 1/2 baths condo in Richmond Place - asking price $124,900. Sold prices for the similar units: $110,000; $118,000; $126,800; $128,000 (statistics is from NORMLS).
Year of 2008
President - still George W Bush
Gas price - $2.99/gallon (What a relief! Just few days ago it was $3.99!)
3 beds 2 1/2 baths condo in Richmond Place - offered for just $125,000! Improvements (not even imaginable back in 1999) include but are not limited to: replaced windows, flooring, hot water tank, furnace, fresh paint, vanities in all bathrooms, etc.
I think how favorable is the market for today's buyers!
Why wait? Just call Svetlana to see this wonderful condo today! 216-548-4663. Or - 24/7 Real Estate Hotline 877-770-5551 ext. 133. Or - just e-mail to: Realty@Local-n-Global.com.
Don't wait till Real Estate Time Machine spins back to the prices of 2003, 2004 or 2005!
