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

Some areas' home sales rise as others fall

Inman News®

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.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year

Buy Now

Share with REmessenger