Courtesy of my friend John Cooke, here are the latest numbers for our June inventory of single family homes (click on the image and it should enlarge for easy reading - hope you're as impressed as i am that I figured out how to upload this as a jpeg).
Look at the homes between $7,000,000 - $8,000,000. Up 128%. If I were a mansion seller, new or old, I'd be nervous. In fact, anything priced over $4,000,000 would have me checking my bank's lending policies.
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2 comments:
So land is not a variable in the square foot method? Where does it fit it, or is it added as a premium to the overall price?
Interesting, inventory seems pretty good, but when you look at it in terms of months of supply isnt the number pretty bad?
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