OC, I think 110K spread is too much to negotiate down to 550K. I was in negotiation with Pardee last April on the Arabella subdivision in Carmel Valley and we were only off by 10K, still, Pardee didn’t give in. Pardee finally sold the same property two months later for the same price. I guess I am lucky since then price has dropped a little more. Still waiting for it go down further before jumping in…..
pardee in carmel valley is very different compared to fieldstone in 4s ranch. as far as pardee, I don’t believe they are in distress. but fieldstone is very much in distress.
at 550k you’re only asking for a 16% reduction from the asking price. each lot was purchased for around 300k, these are pretty cheap tract homes, so say $75/sqft at 3300 sqft, that’s 250k in construction cost. fieldstone would break even and get some much needed cash if they find a buyer for $550k.
pardee in carmel valley is very different compared to fieldstone in 4s ranch. as far as pardee, I don’t believe they are in distress. but fieldstone is very much in distress.
at 550k you’re only asking for a 16% reduction from the asking price. each lot was purchased for around 300k, these are pretty cheap tract homes, so say $75/sqft at 3300 sqft, that’s 250k in construction cost. fieldstone would break even and get some much needed cash if they find a buyer for $550k.
pardee in carmel valley is very different compared to fieldstone in 4s ranch. as far as pardee, I don’t believe they are in distress. but fieldstone is very much in distress.
at 550k you’re only asking for a 16% reduction from the asking price. each lot was purchased for around 300k, these are pretty cheap tract homes, so say $75/sqft at 3300 sqft, that’s 250k in construction cost. fieldstone would break even and get some much needed cash if they find a buyer for $550k.
pardee in carmel valley is very different compared to fieldstone in 4s ranch. as far as pardee, I don’t believe they are in distress. but fieldstone is very much in distress.
at 550k you’re only asking for a 16% reduction from the asking price. each lot was purchased for around 300k, these are pretty cheap tract homes, so say $75/sqft at 3300 sqft, that’s 250k in construction cost. fieldstone would break even and get some much needed cash if they find a buyer for $550k.
pardee in carmel valley is very different compared to fieldstone in 4s ranch. as far as pardee, I don’t believe they are in distress. but fieldstone is very much in distress.
at 550k you’re only asking for a 16% reduction from the asking price. each lot was purchased for around 300k, these are pretty cheap tract homes, so say $75/sqft at 3300 sqft, that’s 250k in construction cost. fieldstone would break even and get some much needed cash if they find a buyer for $550k.
