O.K., I can't help myself here. As some of you may know by now, I am an avid follower of the real estate market along 30-A... in particular Watercolor. I do this in hopes of one day buying... and let's face it, I just have a love for it. I am completely irked at the random.... "let's raise the price 50 thousand now that it's spring and we sense market growth." I've seen lots purchased for under two and put back on the market for over three. I've seen homes purchased for in the sixes, painted and staged, and put back on the market for in the nine's. I just got notified of "price changes" in phase four WC... both increases of around $50,000. It feels like just plain greed. What on earth is driving these decisions?? I read article after article about how appraisals are coming in for below contracts and now the buyers and sellers are losing deals, or re-negotiating at the lower prices. All the while builders, flippers etc.. are raising the prices. I say this because my heart really does belong to 30-A and I feel that myself and others are being cheated out of our chance to make a good, sound decision. I've said it before, I'm not looking for a smokin' deal, just one that makes sense. Knowing I'm paying $50,000 more this week than I would have last week for the exact same house, doesn't make a lot of sense to me. Growth in the market place is one thing, gouging is another.
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27
Beach Fanatic
. A $50,000 price hike in a week.... I just don't get.
I think you may see a lot of this until all get aligned. Right now pricing is still all over the boards. There are roughly 89 homes listed in Watercolor right now. Of those 89, maybe 15- 20 are really worth looking at and priced right. In a sense many agents, myself included are beginning to see a shortage of "real" inventory in Watercolor. For instance, if a buyer wanted a home with a least 4 bedroom, 2000 plus square feet, under $1,200,000 they would only have 22 to choose from. Of those 22, only 5 are good buys. So in a sense, it looks like a lot of inventory but you can sure see real fast why builders are beginning to build and why you might see a price jump up $50,000 in a day. Many sellers feels the market over corrected and await a chance to move the price up. May not be the brightest move but many sellers feel this is where the pricing belongs anyways.
Melscuba- Not at all trying to debate you. Just trying to give you a take of what a seller might be thinking.
Beach FanaticAuthor
I think you may see a lot of this until all get aligned. Right now pricing is still all over the boards. There are roughly 89 homes listed in Watercolor right now. Of those 89, maybe 15- 20 are really worth looking at and priced right. In a sense many agents, myself included are beginning to see a shortage of "real" inventory in Watercolor. For instance, if a buyer wanted a home with a least 4 bedroom, 2000 plus square feet, under $1,200,000 they would only have 22 to choose from. Of those 22, only 5 are good buys. So in a sense, it looks like a lot of inventory but you can sure see real fast why builders are beginning to build and why you might see a price jump up $50,000 in a day. Many sellers feels the market over corrected and await a chance to move the price up. May not be the brightest move but many sellers feel this is where the pricing belongs anyways.
Melscuba- Not at all trying to debate you. Just trying to give you a take of what a seller might be thinking.
I appreciate the insight... and can't disagree.
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