lazygood4nothinbum
Thinks s/he gets paid by the post
- Joined
- Feb 27, 2006
- Messages
- 3,895
jersey gets an unfair bad rap. lots of great places there. my own home town just outside of the city is still a beautiful area. great houses, good amount of affordable apartments, tree lined streets. really a nice place to grow up.
meanwhile, just noticed a small amount of possibly good news for me, a house near mine finally sold in may. it is in an adjacent association. so far the only one in my association to sell in 2008 went for about $9mm (for about 10k sq ft) so not a comp. but this one is very similar to our product. they have more seawall but we are on a better street. both our houses are old teardowns built in the same era. it fetched $1,050,000 or $556/sq ft.
ok, it's only one, but there's only 9 more deepwater houses including mine under $1.5mm in that zip code and no preforeclosures at all. so that one sale represents 10% of that segment. it ain't much, but i'm taking it as a good sign.
meanwhile, just noticed a small amount of possibly good news for me, a house near mine finally sold in may. it is in an adjacent association. so far the only one in my association to sell in 2008 went for about $9mm (for about 10k sq ft) so not a comp. but this one is very similar to our product. they have more seawall but we are on a better street. both our houses are old teardowns built in the same era. it fetched $1,050,000 or $556/sq ft.
ok, it's only one, but there's only 9 more deepwater houses including mine under $1.5mm in that zip code and no preforeclosures at all. so that one sale represents 10% of that segment. it ain't much, but i'm taking it as a good sign.