“Jade Residences” – For Sale Update!
I just updated the following; “Jade Residences Market Analysis Report”
Noticed that from the 71 condos active for sale, 36 are foreclosures and 35 are regular listings.
From the 71 condos active for sale, the average foreclosure listing has been discounted 42.7% vs a 27.4% discount for the average regular listing (listings not in foreclosure).
You would guess that Buyers are snapping foreclosures first because of the attractive discounts. Well guess again! From the 14 condos that have sold so far in 2008, only 6 have been condos in foreclosure. The remaining 8 have been regular sales. In fact the 3 most recent recorded sales have been regular sales.
As far as the Jade Residences is concerned, so far in 2008 we are seen somewhat of a balance in the number of condo sales between those in foreclosure and those not in foreclosure.
If you have any questions or comments, please send me an e-mail to: michael.schnabel@mac.com or call me at 305.450.0036
