I think builders are already out in front and have been for awhile now. They may not have cut prices as much as everyone wants them to, but they are definitely far more aggressive then resellers. I would classify a builder as a must sell homewoner. They have no choice and have to sell the home. A reseller, unless pressed by a NOD or a relo, divorce, or other substantial event, is never as motivated as a builder. Similarly resellers are always more emotional… Hopefully they will get it eventually.
Bought for 1.4 million recently, plans drawn up for a new house but the old shack still stands (one bdrm, two bath). Now on sale for 1.9 million. Is this realistic? Is it worth another $500K because an architect drew up plans
This sold for a little over million 3 months before the 1.4m sale. I don’t think the architects usually make the price go up much beyond the value of any significant engineering to the land .The costal review progress is worth something and maybe those plans have to be used or the process would have to be started over.So the plans and the review progress are worth something but I don’t know how much but I have no idea what nothing like 600K or 1M. Maybe someone else knows? So the property list price is almost double from a sale last August.By the sirname the earlier sale looks like it might have been by one of the old time Portuguese, They are established there from the old tuna fishery days.I don’t know how many families are still there. The current owner is some kind of business entity.The view is marvelous.
.
