Core Viewpoint - The emergence of low-priced housing along Youth Street in Shenyang reflects a significant shift in the real estate market, indicating that the era where properties could rely solely on prime locations for value is over. Future property values will depend on a combination of location scarcity, product quality, and lifestyle integration [11][18]. Group 1: Market Trends - Recently, there has been a surge in low-priced housing listings in Shenyang, with properties near Youth Street being advertised for as low as 10,000 to 20,000 yuan [3][5]. - The average transaction prices for older properties in the area have dropped significantly, with some units selling for as low as 3,545 yuan per square meter [5][11]. Group 2: Property Characteristics - Many of the low-priced listings are for older properties, often over 20 years old, which face challenges such as lack of elevators, outdated layouts, and poor property management [11][13]. - Properties like those in Guangchang Community have been sold at prices that reflect their age and condition, with some units being sold for as low as 13,000 yuan total [5][11]. Group 3: Market Dynamics - The overall second-hand housing market in Shenyang has seen a decline, with a 0.2% decrease in prices in October, ranking third in terms of price drop among 70 cities [11][12]. - The trend of low-priced housing is a response to the market's downward adjustment, as homeowners seek to liquidate assets in a challenging economic environment [11][15]. Group 4: Future Outlook - The future value of properties in prime locations like Youth Street will be closely tied to urban renewal plans and infrastructure upgrades expected to be completed by 2030 [16]. - Buyers are now faced with a choice between investing in older properties in established areas for potential renovation benefits or opting for newer developments in emerging districts [18].