I am surprised that 1001 is still for sale.  The market is active but also trading in a
narrow range with some ups and some downs.
At Brighton Bay, it seems to be unchanged and it’s hard to read this market
except for the interest of buyers and that is very high.  These are people who contact me for
information several times per day and their intention is to buy.  So interest is very high, demand is good and
inventory continues to sell at the lowest price range in most all locations

My observation and
expectation is that the bottom has come and gone.  The new ‘hangover’ properties that we are
seeing and will see are listed and sold at the last SOLD market values, not at
new low values.  The prices at which
people buy has been established.
Therefore you and others have little if nothing to fear by buying now at
one of these established low prices.

People who took a greater risk last year got even lower
prices.  That was when there were many
more foreclosures that hit the market all together and even with bidding wars
over many of them, the prices were still lower than what you can do today.

Today’s prices will be better than what you get next
year, in my opinion.  The release of
foreclosures into the market is orderly, slower and usually seen as a short
sale before it reaches foreclosure.

If the property meets your needs at today’s price, don’t
wait.