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Old 10-06-2009, 12:50 PM
 
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With all the discussion about multiple offer pricing I am curious about the current market. Most of the SFH in 89131 seem to average listing at about $100 sq ft- low as $86 and up to $115 that I've seen.(200-350k) Also there are three town homes there that are $85 ft(2335 sq ft). Are these real prices or am I looking at starting bids? Going higher or lower? Also, with a 15-20 year time line which would be right for the most appreciation? Thanks.
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Old 10-06-2009, 02:35 PM
 
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I just closed on a condo in the most affordable part of Summerlin; 99 per square foot.
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Old 10-06-2009, 04:10 PM
 
Location: Here and there, you decide.
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op is referring to homes not condos..... condos are in a league by themselves and imo are the biggest risk for the investor
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Old 10-06-2009, 04:51 PM
 
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The sheep loved them at 250 per square foot, and now they are risky at 65 psf?
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Old 10-06-2009, 04:55 PM
 
Location: Here and there, you decide.
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my opinion, its much easier to rent a house
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Old 10-06-2009, 04:56 PM
 
Location: Here and there, you decide.
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and you just said 99 a sf
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Old 10-06-2009, 05:50 PM
 
239 posts, read 644,582 times
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Quote:
Originally Posted by airics View Post
and you just said 99 a sf
Yes, but I only paid 63.
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Old 10-06-2009, 05:54 PM
 
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Oleguy, to try and answer your question, you did not mention where you saw these prices quoted? If they were stated as such in Realtor.com, then the price quoted is the asking price, not an opening bid price. If they were stated in an auction ad, then they are the opening price.
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Old 10-06-2009, 06:03 PM
 
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I was using realtor.com. I understand that is asking price but with all the discussion I was asking are they legitimate prices, or just an attempt to get bidding offers. In other words, on a 250k asking price single family house in 89131 could I expect reasonable offer slightly below asking to be taken seriously?
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Old 10-06-2009, 06:13 PM
 
Location: Here and there, you decide.
12,908 posts, read 28,138,486 times
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i'm in 89131, so i will chime in... IMO, I live in a really nice development. My home is 2500sf and had a putting green in the backyard (which is now gone, i put in a pool)... i bought it for 252 in 1/08. the listing price was originally 299 and we put an offer when the listing price went down to 269k.. I honestly believe that the only reason we got the house below list was the neighbors. They had 2 huge dogs (with crap all over the backyard) and the their yard was terrible... but I loved the house.. 3 floors, strip view (its small but its there), tile on all 3 floors etc.. The neighbors were renters and they are now gone,.... thank goodness..
Anyway, in the last 3 months, there have been 5 foreclosures.. The first one went for 190k (house was a disaster - i do not know what the original ask was)... The next one was a small house 1989sf where they asked 139k seemed to be a nice house, it sold for 195k - the 3rd is for sale right now, its about 2600sf, the asking is 169k but there have been so many people looking (family type) that i would bet that the house will sell for 225-250 at least. There are 2 more coming soon, one is really nice (another small one) and the other is about 2600sf with a pool but if i told you the condition, you would never believe me... it's that bad!
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