Posts from January 18th, 2010

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Condo Market Sees Strong Rebound in December - The Memphis Daily News

January 18th, 2010 by Anonymous

FOCUS Real Estate & Development

ERIC SMITH | The Daily News

The latest sales numbers show the Downtown condominium market is making a slow and steady recovery, but perhaps the most telling sign that things are improving can be gleaned from a recent deal brokered by real estate agent Jason Durston.

Durston, co-owner of Get Sold Memphis and a broker for Crye-Leike Realtors, said the seller of a Downtown condo refused to take anything less than the asking price.

"The seller was like, ?Take it or leave it,' and got the buyer to come in at full price," Durston said. "(Buyers are) putting offers in and they're getting rejected. It's kind of coming back to the reality of, ?We still have a stable market, we're not all losing our shirts on these condos.'"

Granted, the market hasn't totally returned, but Downtown condos - in fact, the entire condo mar...

Click Here to Read More...

Categories: Crye-Leike in the News