Is it me or Mille Fleurs?

[quote author="Nude" date=1253156557][quote author="NewportSkipper" date=1253155035][quote author="USCTrojanCPA" date=1253154649]

As Graph posted, why the hell are you posting 2008 and 2009 closings? Last time I checked the peak was in 2006...so yeah, why are you excluding 2006 closings?</blockquote>


Like I said, there weren't any. Here are all SFRs closed in 2006. The only ones higher were of a superior product.

</blockquote>


You lie. Redfin shows the last sales for Winding Way in 2006 were all $1.35M or higher. Since the specific request was for the closing amount on 58 Winding Way, it only makes since to include the entire block's past sales as comps, and to include 2006 as the peak since that was the highest price.



<img src="http://www.sotoart.com/photo/Cherry-Picker.jpg" alt="" /></blockquote>


There were no Winding Way sales in 2006 except builder sales. Is that what you want? Are you sure? Wow, cherry-picking? Three years of (all) sales in the tract are cherries?
 
[quote author="caycifish" date=1253157011]This is just an honest question: what is wrong with builder sales in this context?</blockquote>


Nothing, it's that they aren't higher, with one exception of one guy doing a bunch (wood beams/entertainment centers/dressers in master bath/plantation shutters/the list goes on) of custom carpentry and other builder upgrades.



#50 - original cost $1,360,000



#58 - original cost $1,362,000



#21 - original cost $1,200,000



#27 - original cost $1,235,000



#52/AKA "The Mother of All Cherries/Tricked to the Max" - original cost $1,545,000
 
[quote author="caycifish" date=1253157011]This is just an honest question: what is wrong with builder sales in this context?</blockquote>
Apparently, it interferes with his perception of reality.



Here's the data, in a simple link: <a href="http://www.redfin.com/search#lat=33.69343247040757&long;=-117.75221586227417&market=socal&sold_within_months=1200&status=1&uipt=1&v=5&zoomLevel=18">Just roll your mouse over any of the addresses on Winding Way for the last sale price, and click for the history.</a>
 
[quote author="Nude" date=1253158678][quote author="caycifish" date=1253157011]This is just an honest question: what is wrong with builder sales in this context?</blockquote>
Apparently, it interferes with his perception of reality.



Here's the data, in a simple link: <a href="http://www.redfin.com/search#lat=33.69343247040757&long;=-117.75221586227417&market=socal&sold_within_months=1200&status=1&uipt=1&v=5&zoomLevel=18">Just roll your mouse over any of the addresses on Winding Way for the last sale price, and click for the history.</a></blockquote>


Ok, so two units paid more for upgrades through the builder and/or were larger. They also closed in the exact same month as 58 Winding Way. You're working hard to make the loss greater than the 15% it is in reality!
 
[quote author="NewportSkipper" date=1253159300][quote author="Nude" date=1253158678][quote author="caycifish" date=1253157011]This is just an honest question: what is wrong with builder sales in this context?</blockquote>
Apparently, it interferes with his perception of reality.



Here's the data, in a simple link: <a href="http://www.redfin.com/search#lat=33.69343247040757&long;=-117.75221586227417&market=socal&sold_within_months=1200&status=1&uipt=1&v=5&zoomLevel=18">Just roll your mouse over any of the addresses on Winding Way for the last sale price, and click for the history.</a></blockquote>


Ok, so two units paid more for upgrades through the builder and/or were larger. They also closed in the exact same month as 58 Winding Way. You're working hard to make the loss greater than the 15% it is in reality!</blockquote>
Give it up, you are wrong...thanks for playing.
 
[quote author="USCTrojanCPA" date=1253159348][quote author="NewportSkipper" date=1253159300][quote author="Nude" date=1253158678][quote author="caycifish" date=1253157011]This is just an honest question: what is wrong with builder sales in this context?</blockquote>
Apparently, it interferes with his perception of reality.



Here's the data, in a simple link: <a href="http://www.redfin.com/search#lat=33.69343247040757&long;=-117.75221586227417&market=socal&sold_within_months=1200&status=1&uipt=1&v=5&zoomLevel=18">Just roll your mouse over any of the addresses on Winding Way for the last sale price, and click for the history.</a></blockquote>


Ok, so two units paid more for upgrades through the builder and/or were larger. They also closed in the exact same month as 58 Winding Way. You're working hard to make the loss greater than the 15% it is in reality!</blockquote>
Give it up, you are wrong...thanks for playing.</blockquote>


It's a heck of a lot closer to 15% than your professional judgment of 30%.
 
[quote author="garrison" date=1253175645]I don't want to get involved in this realtor battle - but I wondered if anyone considered the cost of landscaping and other "after the close" improvements that wouldn't be reflected on the closed sales directly from Standard Pacific? You're not necessarily making an apples to apples comparison if you don't account for these improvements that are surely priced into the resale list price.</blockquote>


These homes don't have elaborate landscaping. You're probably talking $40,000 tops for most of them. I know of one home with a pool there and they paid $1.2m. I'm sure there are a few others, but not many.
 
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