lazygood4nothinbum
Thinks s/he gets paid by the post
- Joined
- Feb 27, 2006
- Messages
- 3,895
I would say ****ing terrible. Closer to home ---today's Sun-Sentinel sold homes--zip code 33308 (my bud's neck of the woods)
1. 6621 NE 21Terrace---1901 sq ft--3/2 pool---one of the nicest homes in Imperial Point--I have been in the house---totally redone--granite, marble, beautiful double entry doors, etc. (old queen owned it) 384,000 sold price. This has been for sale for 2 plus years--originally asking $599,000.
2. 6411 NE 20th Way--ugly house, however, 2,089 sq ft, 2/2, sits on ocean access canal (fixed bridges, 364,100 sold price.
3. 6220 NE 21 Road--1,849 sq ft. 3/2 --sold for $340,000 on 2/17/04---just sold for $290,000.
4. 2533 NE 37 St. Almost across the street from Gary---one of the nicest streets in CRCC (coral ridge country club) beautiful home---2,900 sq ft. sold price $675,000
The trend is not pretty-----the article you sent suggests that Ft. Lauderdale may go down another 22% in next twelve months---if so---the owners above are the smart lucky ones.
Did I mention there will be multiple cocktails today and every day going forward.
S&P Index Committee Chairman David Blitzer acknowledged his organization's overall and metro-market readings paint an incomplete picture. For that reason, he said, the report now charts price changes in 17 of the markets at three specific levels - low-, mid- and high-priced homes -- to provide a clearer assessment.
In the high-priced San Francisco area in February, for example, homes priced below $512,000 fell 32% in value from a year ago, while homes priced from $512,000 to $750,000 fell 21% in value and those over $750,000 fell 6%. (my underlining)
"The homes that had the biggest run-up and biggest run-down more often than not are the least-expensive homes," said Blitzer, S&P's managing director of portfolio services.
Yun said the S&P/Case-Shiller Index is flawed because "if you focus on down markets you're going to get a downward price. We are disappointed that its very limited market coverage gets such attention."
Residential rentals selling for a record of almost $600,000 per unit!!
Edgewater's $115M price shatters records - San Francisco Business Times:
Record setting price for trophy office building
Foreign investors scooping up District real estate - Washington Business Journal:
Commercial real estate doing fine!!
Sale prices up despite down economy - Orlando Business Journal:
Here's the view from the condo.
So we're bailing out a few NEW home builders that sold tons for record prices but have to sell their overstock for less (but still above costs) because they overbuilt.
So, if I'm to believe the experts here that say the commercial market collapses 6 months after the residential market then the residential market hasn't collapsed yet or the commercial market is different this time
I made an offer of over $600,000 on a one bedroom condo last week in SF, barely 8% under list, and didn't even get a counter. I gotta stop listening to crying wolves.
So they sold in 61 days at $645K. at least $30K more than I wanted to spend. And the real view is into a wall! You have to scootch yer chair over against the window to get this view. Housing Bubble my *ss!
My Realtor enjoyed sending me this.
MLS SFAR Reports (513)=
Gordon Biersch is only a block away!! A DUI would cost more than $30,000. I gotta stop listening to the naysayers.
I will never figure out why anyone would want to pay $650K plus for a 1 bedroom condo...
... Here in Houston it would cost you maybe $750 per month... or even $1k per month if in a nice location...
The Greater Fools theory. Early investors in tulips made a killing.I will never figure out why anyone would want to pay $650K plus for a 1 bedroom condo...