Comments on: Bulk Sales Approach Sells 20 Condos http://www.urbnlivn.com/2009/11/16/bulk-sales-approach-sells-20-condos/ Thu, 18 Mar 2010 04:00:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: keeping it real! http://www.urbnlivn.com/2009/11/16/bulk-sales-approach-sells-20-condos/comment-page-1/#comment-81173 keeping it real! Wed, 18 Nov 2009 02:54:37 +0000 http://www.urbnlivn.com/?p=1677#comment-81173 So, let me get this right. <br>1. They were able to sell 20 condos by pricing them 30% off the original (old market) pricing. <br>2. 30% off pricing is still higher than surrounding comps, so they are happy to be able to use in-house units as comps (becasue they finally sold somthing).<br>3. The surrounding comp prices are low becasue of auctions which sold at 30% off original (old market) pricing.<br>4. Most of the auction condos were in new construction. Decater is and old apartment building converted.<br><br>Conclusion: Decater at 30% off old pricing is still overpriced. Agents and buyer take note.... do not offer more for a condo than surrounding comps will support. Even if the condo you want to buy has a nice shiny coat of pink lip gloss on it. A pig is still a pig. So, let me get this right.
1. They were able to sell 20 condos by pricing them 30% off the original (old market) pricing.
2. 30% off pricing is still higher than surrounding comps, so they are happy to be able to use in-house units as comps (becasue they finally sold somthing).
3. The surrounding comp prices are low becasue of auctions which sold at 30% off original (old market) pricing.
4. Most of the auction condos were in new construction. Decater is and old apartment building converted.

Conclusion: Decater at 30% off old pricing is still overpriced. Agents and buyer take note…. do not offer more for a condo than surrounding comps will support. Even if the condo you want to buy has a nice shiny coat of pink lip gloss on it. A pig is still a pig.

]]> By: keeping it real! http://www.urbnlivn.com/2009/11/16/bulk-sales-approach-sells-20-condos/comment-page-1/#comment-79317 keeping it real! Tue, 17 Nov 2009 18:54:37 +0000 http://www.urbnlivn.com/?p=1677#comment-79317 So, let me get this right. <br>1. They were able to sell 20 condos by pricing them 30% off the original (old market) pricing. <br>2. 30% off pricing is still higher than surrounding comps, so they are happy to be able to use in-house units as comps (becasue they finally sold somthing).<br>3. The surrounding comp prices are low becasue of auctions which sold at 30% off original (old market) pricing.<br>4. Most of the auction condos were in new construction. Decater is and old apartment building converted.<br><br>Conclusion: Decater at 30% off old pricing is still overpriced. Agents and buyer take note.... do not offer more for a condo than surrounding comps will support. Even if the condo you want to buy has a nice shiny coat of pink lip gloss on it. A pig is still a pig. So, let me get this right.
1. They were able to sell 20 condos by pricing them 30% off the original (old market) pricing.
2. 30% off pricing is still higher than surrounding comps, so they are happy to be able to use in-house units as comps (becasue they finally sold somthing).
3. The surrounding comp prices are low becasue of auctions which sold at 30% off original (old market) pricing.
4. Most of the auction condos were in new construction. Decater is and old apartment building converted.

Conclusion: Decater at 30% off old pricing is still overpriced. Agents and buyer take note…. do not offer more for a condo than surrounding comps will support. Even if the condo you want to buy has a nice shiny coat of pink lip gloss on it. A pig is still a pig.

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