Industry News

Real estate market slows, but as always, location is all

Some areas' home sales rise as others fall
Published on May 26, 2006

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by CareyBot

The harvested sustainable bamboo floor of the one-bedroom, one-and-a-half-bath, Emeryville, Calif., condominium gleams in the light pouring in through the west-facing window of a unit whose price has been reduced from almost $700,000 to $599,000.

"The price has been lowered on this unit," acknowledged Justin Tamblyn, a sales agent at 62-unit GreenCity Lofts. Only 11 of the 62 lofts have closed escrow since they went on sale in late 2005, he said.

"I've seen the market slow recently," said LaToya Faulkner, who toured the development Saturday with Robert Clayton ...

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