Newport Ridge Vistas

The odd-numbered homes don't have views. Also- it has like 3 levels, so if you have kids and are worried about stairs, it may not be that practical.
 
wow, $1.2M for a condo? and another $400/mo fees?



I wonder if it will fall back to the 96 price of $200/sf, or below now that it is over 10 years old?
 
That was 13 years ago. With inflation and appreciation in mind, ppsf is definitely higher than in 1996. Graphix (or anyone), what do you think is the "realistic" or "rational" ppfs?
 
You asked if it was ever $200 a sqft, it was and in fact it was lower. Adjusted for inflation that is $248 a sqft, and there is no such thing as appreciation any more. 1996 was the bottom in that cycle, 2012 will be the bottom in this cycle, adjusted for inflation you could see these places selling for $275 a sqft in 2012.
 
If the economy keeps shedding high paying jobs, you could see these places back to $175psf.



GRM=160 with that big HOA means a sale price of about $450k, if you can rent these places for $3k/month. Not alot of people around willing/able to pay $3k/mo rent.



It also depends on how many people who live there bought in the past 8 years and are pretenders, like the current seller.
 
3 different floorplans, however all 3 are extremely similar all are within 100sq.ft. or so with each-other. Non-view just came up at $8xx,xxx. The best location with nice upgrades just closed for $1.2m, so everything else much less. That one that just closed for $1.2m was literally the best location, best views, corner location, etc, etc..
 
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