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237kempton
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NEW -> Contingent Buyer Assistance Program
238 Mayfair (1,483sf) closed for $610k today which puts it at $411/sf. If you use the same price per SF then this condo will sell for $570k. My guess is that it closes for $575k-$600k.
Are you sure about that? A model match at 227 Overbrook just closed last week on 9/21 for $592,500 at $427/sf. List price means nothing, just means both of you are over priced. The market will speak though so we shall see.
Please provide me your data because 261 Mayfair (also a model match) closed for $587,888 or $424/sf on 3/27/15. So taking Mayfair and Overbrook your average is more like $425/sf. I hope you aren't including the former model at 203 Kempton that closed at $483/sf. I would have priced your condo at $600k for a fast sale, but hey what do I know. Numbers don't lie, only realtors who try to distort them do. haha
+1 I too think it's positive. The more information and transparency, the better for all of us.
Price needs to drop to $600k to pull in all the buyers that set their searches up to $600k. Numbers don't lie and I just call'em as I see'em. The clients that listen to me not only sell their properties fast but also get good prices. Nothing worse than pricing too high and then chasing the market down as the DOM keeps growing causing buyers to get into the "what's wrong with this property" mindset. Like I said before, I would have listed this condo at $600k. Sellers and agents need to realize that time = money.
Looks like the buyer followed USC's advice and dropped to 600k. Let's see if it the strategy works. If it still doesn't sell, then you know it's the TI treats which are the real closer.
usctrojancpa
Well-known member
tentfox said:
238 Mayfair (1,483sf) closed for $610k today which puts it at $411/sf. If you use the same price per SF then this condo will sell for $570k. My guess is that it closes for $575k-$600k.
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237kempton
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237kempton
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usctrojancpa
Well-known member
237kempton said:
Are you sure about that? A model match at 227 Overbrook just closed last week on 9/21 for $592,500 at $427/sf. List price means nothing, just means both of you are over priced. The market will speak though so we shall see.
usctrojancpa
Well-known member
237kempton said:
Please provide me your data because 261 Mayfair (also a model match) closed for $587,888 or $424/sf on 3/27/15. So taking Mayfair and Overbrook your average is more like $425/sf. I hope you aren't including the former model at 203 Kempton that closed at $483/sf. I would have priced your condo at $600k for a fast sale, but hey what do I know. Numbers don't lie, only realtors who try to distort them do. haha
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237kempton
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homer_simpson
Well-known member
I thought realtors had to be a sponsor to advertise their listings on talk Irvine?
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237kempton
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usctrojancpa
Well-known member
eyephone said:
+1 I too think it's positive. The more information and transparency, the better for all of us.
usctrojancpa
Well-known member
WTTCHMN said:
Price needs to drop to $600k to pull in all the buyers that set their searches up to $600k. Numbers don't lie and I just call'em as I see'em. The clients that listen to me not only sell their properties fast but also get good prices. Nothing worse than pricing too high and then chasing the market down as the DOM keeps growing causing buyers to get into the "what's wrong with this property" mindset. Like I said before, I would have listed this condo at $600k. Sellers and agents need to realize that time = money.
Here's some info regarding to Santa Maria's price history.
Looks like it starts around $310/sf at end of 2011 through end of 2012 and then the price began to raise significantly at spring of 2013.
IIRC, price of new construction runs around $340/sf at end of 2012, $380/sf at end 2013 and over $400/sf at end of 2014.
http://www.talkirvine.com/index.php/topic,1796.msg55025.html#msg55025
Looks like it starts around $310/sf at end of 2011 through end of 2012 and then the price began to raise significantly at spring of 2013.
IIRC, price of new construction runs around $340/sf at end of 2012, $380/sf at end 2013 and over $400/sf at end of 2014.
http://www.talkirvine.com/index.php/topic,1796.msg55025.html#msg55025
quattroporte said:
quattroporte said:
USCTrojanCPA said:WTTCHMN said:
Price needs to drop to $600k to pull in all the buyers that set their searches up to $600k. Numbers don't lie and I just call'em as I see'em. The clients that listen to me not only sell their properties fast but also get good prices. Nothing worse than pricing too high and then chasing the market down as the DOM keeps growing causing buyers to get into the "what's wrong with this property" mindset. Like I said before, I would have listed this condo at $600k. Sellers and agents need to realize that time = money.
Looks like the buyer followed USC's advice and dropped to 600k. Let's see if it the strategy works. If it still doesn't sell, then you know it's the TI treats which are the real closer.