Quote:
Originally Posted by Stephendxb
Gashead,
Pricing can be atributed to many factors, the important thing is to follow trends and averages, sometihng I do. A 1 bed for example is more expensive than a 3 bed per square foot, so it would also depend on what is being sold. New pricing is in the region quoted, so if you can pick up a distressed sale (in the right location) you will do well. As the development progresses you will see the prices raise further. the 1400 to 1500 range per square ft is a conservative figure. I would not be suprised to see some development sales in the region of 1750in the 1st and 2nd qtrs of 2009.
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I know, I'm in the business. I like the idea above that somehow 'distress' sales don't count.
