Comments on: Are Condo and Home Prices Where They Should Be?

By: Abu Dhabi accomodation

Abu Dhabi accomodation — Tue, 03 Nov 2009 10:08:04 +0000

As your real estate business grows, you might want to purchase several properties at once. You soon will need to hire others to help out in the business. A successful real estate investment business is impossible to run singlehandedly.

By: Jon Boyd

Jon Boyd — Mon, 15 Sep 2008 03:38:08 +0000

Here in Ann Arbor our prices are down to about 2001 levels, but the pricing curve has leveled out for areas close to town. We have even seen a couple homes selling for $17,000 and $24,000 over asking when there are multiple offers.

By: Stacie Robbins

Stacie Robbins — Sun, 24 Aug 2008 04:46:20 +0000

In our market, we are about 25% or more below 2005 prices. Our market peaked in late 2005. This peak was due to the largest sales price for any ski resort in the country at $365 million. The resort, Mammoth Mountain Ski Area, was acquired from Dave McCoy who has privately owned the resort from inception. The buyer, Starwood Capital, is well known for their worldwide real estate investments. The first of many new resort properties in Mammoth Lakes California, Altis, is now available for reservations. There are 4 town homes available to reserve and they construction will be complete this coming winter 2008/2009. Each home is approximately 3300 sqft in three levels with spectacular views through the window walls. Located in the last privately owned ski in/ski out property in Mammoth California. Prices start at $2,995,000. This is a must have for jet setters with the desire to own the most exclusive of properties in one-of-a-kind locations. Eastern Sierras provide great ski conditions in the winter with the most sunny days of any other North American ski resort. And summers are just as beautiful as the winters with camping, hiking, mountain biking, fishing and exploring. With the recent addtion of commercial air service direct from Los Angeles CA (LAX) daily, the possibilities are endless from San Diego, Florida, New York, Canada, Asia, Russia and the European Union.

Check out http://www.MammothMLSListings.com to see what’s available today!

By: Kathy Anderson

Kathy Anderson — Sat, 07 Jun 2008 01:29:49 +0000

I’ve been telling clients something similar for the Sun City Grand real estate that I specialize in, but this doesn’t hold true for my personal residence in Surprise proper. I did comps about three weeks ago and was shocked prices had dropped to the level they had.

My husband and I bought, in 2004, a 2700 s.f. single story home for $245k with many upgrades and a pool. At the peak we could have sold it for about $450k. Two homes with pools and almost as many upgrades just sold for $259k & $279k.

I think the formula works for the areas that weren’t hit so hard with the speculators that rolled through town. But for places like Queen Creek, Maricopa and most of Surprise it will take awhile to recover.

By: Linda Tremblay

Linda Tremblay — Wed, 21 May 2008 17:34:16 +0000

Overall, if your figures hold, it means that real estate is still a good investment. After all, I haven’t heard of any banks paying 7 percent on any cds or accounts. This formula would probably work in the Bucks County market, since our marke did not fall like California and Florida. It is a simple formuala and I like it.

By: Bo Buchanan

Bo Buchanan — Wed, 21 May 2008 06:14:43 +0000

That’s great if it works in your market – but in some of the markets here in illinois, we are actually seeing prices fall to 2005 levels.