Let’s see. We can all agree there is a spring bounce. I just w/in the past few months, seen 2 SFH, zoned MULTI sell in the 700k range. One was in turnkey on Diamond and one in the 700 block of Sapphire. If we take into consideration the defaults and foreclosures and inventory and impending inventory, the declining condos and townhomes, the unemployment figures, what to you think the price of the homes will be year-end or next year?
Again, I would not be surprised that the SFH end up going for 550k-600k by the time this is all said and done, easily.
