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SoHa118

Started by bronxboy
over 16 years ago
Posts: 446
Member since: Feb 2009
Does anyone know how and why the developers are holding out on the overpriced apartments at SoHa 118? There has been little or no activity in almost a year. Is it a bad building? Certainly, they are way overpriced per square foot.
Response by KeithBurkhardt
almost 7 years ago
Posts: 2986
Member since: Aug 2008

Indeed, a very telling and interesting thread to follow and match comments with time and price. A great demonstration about how time is your friend in real estate. Many smart people, some of whom I know personally, loudly pounding the table that prices around 700 a square foot were outrageous! Lots of talk about taking a hit.

I was sitting at lunch with a client (just like million Dollar listing!) Actually a very rare occasion. She summed up her real estate adventure as a 50% emotional, 50% financial decision. I think that's pretty accurate for most people and a sensible comment.

After a blistering late January, early February, seems things are tempering a bit. as far as came out of the woodwork to take advantage of a softening market, things began to firm up, sellers tightened the reigns a bit. It will be interesting to see if market activity picks up as we move out of winter and into the spring. I'll be posting my first newsletter of the year on my blog in about an hour. Let's get some feedback from everyone who's out in the field!

Keith Burkhardt
TBG

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