Last weekend, we were driving around and saw signs for a new condo development in the Monterey Hills section just below South Pasadena. It's technichally Los Angeles, but they like to be thought of as part of South Pas. And in truth, it's still a nice area.
The building was still very much under construction. They didn't have a designated "model home" but were showing the most complete unit. It was a two bedroom, two bath, that looked like all other newly builts. That is to say, it was nice. I mean, aren't they all?
The price tag? $580k. "It's nice," I told the guy, "but too much."
Sales guy: "Well, if it's not in your price range, make an offer. They're almost complete, and we'll consider reasonable offers."
This struck me for two reasons. First, I didn't say that it wasn't in my price range, or that I couldn't afford it (although I can't), but that it was too much. It really was. $580k for a 2br condo with subterranean parking? Get out.
Second, this was the first time that we walked into a new constuction and been told to make an offer. Up to this point, newly builts had a price tag. You want it? Here's the price. If you pass, surely someone else would take it. And, in fact, they always did. Apparently not anymore.
ouch! 580K and I could buy the property with 10 acres of property I want, but alas, that is beyond our budget too. Seems that anything short of 300K is out of our range, but at least we're not limited to condos with that amount. Though, the townhouse we're in now has a neighboring unit going for $360K.
Posted by: donna jean | March 29, 2007 at 07:48 AM
I've heard other people say that they received a similar response on new units. Future Husband says he's heard the same thing. Seems like the wind has changed...
Posted by: Eva | April 04, 2007 at 12:15 PM