- Joined
- Jan 13, 2002
- Professional Status
- Retired Appraiser
- State
- Florida
I currently working on a builders model that was built earlier this year. It's in the King & Bear project which is one of the newer sections of the World Golf Village and in the section within that are the smallest lots and houses. This one is one of the smallest houses also.
It's been listed since at least April 10th for $252,485. Contract is for $237,400.
Up until this past year, this whole project was moving along slowly but steadily and prices were increasing. What I'm seeing now is a possible decrease and I'm not sure how to handle this. The builders are still building spec houses and they are sitting on the market with few sales now. As my subject shows, they are discounting them. So far, I've not been able to get any of the builders to give me the information regarding the newest sales and still working on that. The sales I have enough information on are from this past spring and even with those I'm having trouble making this sale price.
I will bring this in where the statistics tell me to, but I'm looking for some advise on what to say and opinions of the best way to handle this. This is the first one that is proving what I've been thinking was happening. (been almost a year since I did one in this project)
It's been listed since at least April 10th for $252,485. Contract is for $237,400.
Up until this past year, this whole project was moving along slowly but steadily and prices were increasing. What I'm seeing now is a possible decrease and I'm not sure how to handle this. The builders are still building spec houses and they are sitting on the market with few sales now. As my subject shows, they are discounting them. So far, I've not been able to get any of the builders to give me the information regarding the newest sales and still working on that. The sales I have enough information on are from this past spring and even with those I'm having trouble making this sale price.
I will bring this in where the statistics tell me to, but I'm looking for some advise on what to say and opinions of the best way to handle this. This is the first one that is proving what I've been thinking was happening. (been almost a year since I did one in this project)