A blog about Lawrenceville GA

Tuesday, January 22, 2008

Houses Losing Value Quickly!

This morning my Lawrenceville Google Alert held a house listing for a house on my street in the same Gated community I live in. The house is listed at $225,000. My house is the same size, and I paid over 50,000 more 6 years ago. The lady across the street has the smallest house in the subdivision and she paid almost $400,000 2 years ago. Houses in the next subdivision all sold for over $600,000, and there are some down the street under construction at $900,000 (I doubt they'll sell at those prices). Still this house is listed at $225,000!

If this is a correction, I don't want to be right!

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