Lincoln Square Insider

Lincoln Square Insider

Thursday, August 12, 2010

Would you buy a house on Western Avenue?

One of my colleagues has a very nice house for sale in the middle of Lincoln Square right on Western Avenue. We are all familiar with the old adage, the three most important things about real estate are location, location, and location. While this is still true, I think in this case it is location, location, and price. The first location is Lincoln Square (that's very good), second location is Western Avenue (that's not good), that leaves price. For some people there isn't a price which would make them buy a house on Western Avenue. On the other hand, hundreds of people have bought condos on Western in the last few years. Many of these condos cost as much or more than this house. Would those same people consider buying this house? It will be interesting to see at what price the house sells.

No comments:

Post a Comment