Jungle Boy
Senior Member
- Joined
- Oct 30, 2002
- Professional Status
- Real Estate Agent or Broker
- State
- Florida
These are the 4 most recent prices expressed as a percentage of their prior sales prices in a nearby condo complex.
These properties all closed between $400,000 & $505,000 in 2006.
All were new construction in 2006, with some having gone under contract in 2005.
56%, 52%, 39%, 55%.
The first one is the current Asking Price, so it may actually close for much less (assuming it closes, that is
).
The second one is also an Asking Price.
The third one at 39% closed in mid 2006 for $466,000. This one is currently pending - the asking price was $179,900.
The fourth one closed in 03/08 for $275,000 . The prior sales price in 2006 was $505,000.
I lost my "best" LO client in late 2005 / early 2006, because I refused to overlook the resale market conditions within this particular complex.
Later, after losing his job, the LO went to work at a conservative bank, and started using me again.
BTW- the original bank which my "best" LO client worked for in 2005, still sends me a few requests each month.
These properties all closed between $400,000 & $505,000 in 2006.
All were new construction in 2006, with some having gone under contract in 2005.
56%, 52%, 39%, 55%.
The first one is the current Asking Price, so it may actually close for much less (assuming it closes, that is
).The second one is also an Asking Price.
The third one at 39% closed in mid 2006 for $466,000. This one is currently pending - the asking price was $179,900.
The fourth one closed in 03/08 for $275,000 . The prior sales price in 2006 was $505,000.
I lost my "best" LO client in late 2005 / early 2006, because I refused to overlook the resale market conditions within this particular complex.
Later, after losing his job, the LO went to work at a conservative bank, and started using me again.
BTW- the original bank which my "best" LO client worked for in 2005, still sends me a few requests each month.