Just wanted to get the opinion of the group. Lots of arguing about bubbles or no bubbles lately. i've been lurking.
I was down in Fla. last week and went to look at some condos in Watersound after following the resale price list for several weeks. There are 3 "resales" of Compass Point II condos on the market. They are all teh exact same floorplan with similar views. Two have been listed at over $2.2 million and the other one is listed at $1.775 million. Similar resales over at the Crossings have gone for $2 to 2.4 Million. The low priced condo hasn't sold in over 3 weeks even though it looks like a bargain.
According to a realtor, the closings on these condos will occur over the next few weeks and the lower priced condo is priced to sell because the owners of the contract to purchase don't want to close. BUT, it ain't selling. Maybe it sold after I chatted with the realtor, don't know. The condos in Watersound were so hot last year, you couldn't touch them and now the guy can't sell one "under market".
any thoughts?
I was down in Fla. last week and went to look at some condos in Watersound after following the resale price list for several weeks. There are 3 "resales" of Compass Point II condos on the market. They are all teh exact same floorplan with similar views. Two have been listed at over $2.2 million and the other one is listed at $1.775 million. Similar resales over at the Crossings have gone for $2 to 2.4 Million. The low priced condo hasn't sold in over 3 weeks even though it looks like a bargain.
According to a realtor, the closings on these condos will occur over the next few weeks and the lower priced condo is priced to sell because the owners of the contract to purchase don't want to close. BUT, it ain't selling. Maybe it sold after I chatted with the realtor, don't know. The condos in Watersound were so hot last year, you couldn't touch them and now the guy can't sell one "under market".
any thoughts?