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My poor post - is a different development. I was just going to use the recent sale to justify my low offer I am considering. But I appreciate your advice and will take it on board. I am even thinking it might be worth holding off a bit longer still. I don't think anything will improve...

I just saw a new development here of three units in a trendy area finally start to sell. They kicked off at close to $700K which was always high then sat for a while at $590K with nothing happening. The best of the three just sold at $510K. I would have paid that and I wish I had thought of...