Hi,
I recently viewed the Harbor Lofts and liked them due to the its location as it serves as a reasonable compromise area for my girlfriend and I who work in completely opposite areas of southern california.
The loft representatives have indicated that they are not selling any units at the moment because the developer is re-assessing the pricing structure. I believe that the 2brm/2bath units will be listed at approximately $320k ultimately. I think this is still overpriced. I'm looking at something more in the line with $230k - $250k. I've done some research as to the already sold units (9 out of 129 units) and the lowest sales price I saw for a 2/2 was $330k.
So my question is whether anyone else here thinks that newly built units can/will dip to this price due to the mounting downward pressure on these builders. Also, what are the chances the builder will sell below the actual cost of construction?
I'd appreciate any information, insight, comments you can provide.
I recently viewed the Harbor Lofts and liked them due to the its location as it serves as a reasonable compromise area for my girlfriend and I who work in completely opposite areas of southern california.
The loft representatives have indicated that they are not selling any units at the moment because the developer is re-assessing the pricing structure. I believe that the 2brm/2bath units will be listed at approximately $320k ultimately. I think this is still overpriced. I'm looking at something more in the line with $230k - $250k. I've done some research as to the already sold units (9 out of 129 units) and the lowest sales price I saw for a 2/2 was $330k.
So my question is whether anyone else here thinks that newly built units can/will dip to this price due to the mounting downward pressure on these builders. Also, what are the chances the builder will sell below the actual cost of construction?
I'd appreciate any information, insight, comments you can provide.