Eye On Monterey Village
The beat goes on at Monterey Village, and it looks like the new owners are making some sales. They also seem to be playing games with the listings there, since many of the houses were delisted (and not renewed) after the 90 day clock expired, while others have been "sale pending" for over 30 days. It does look like the last asking prices were a bit high for the area. 95757 is averaging $120/sqft right now, which makes the $151/sqft for 5205 Ocean quite a premium to live in a half-built development! Of course, we won't know what the buyer really paid until the sale gets recorded.
![]() 5121 Ocean Ln Elk Grove, CA 95757 |
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![]() 5112 Ocean Ln Elk Grove, CA 95757 |
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![]() 4912 Ocean Ln Elk Grove, CA 95757 |
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![]() 5200 Ocean Ln Elk Grove, CA 95757 |
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![]() 5204 Ocean Ln Elk Grove, CA 95757 |
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![]() 5020 Ocean Ln Elk Grove, CA 95757 |
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![]() 4926 Ocean Elk Grove, CA 95757 |
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![]() 5205 Ocean Ln Elk Grove, CA 95757 |
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![]() 5016 Ocean Ln Elk Grove, CA 95757 |
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2 comments :
You and your pesky details about how the average is $120/sqft, which shows the listed $150/sqft to be too high... Why not just say how its cost per sqft is 25% less than $200/sqft a couple of years ago? Isn't that a better way to spin it? After all, in the new paradigm we live in, we no longer have "toxic" assets but "legacy assets"... See the difference? That is so much more positive!!! :o)
Oh please. If you had your choice, would you live in a single level home? They do cost more per foot to build.
The least expensive homes to build there are the "clusters" on Ocean, 4-7 homes once called "pull-a-part" homes, like detached condos, with postage stamp lots -lower land cost per home, #2 are the 2 story homes, with more effecient use of foundation and roofing costs, most expensive is single level. The prices reflect both the costs and typically the demand.
Had coffee with another old school buddy talking about what we used to do.... analyze stuff using standard economic theories, etc. like Average Buyer. Watching the past few years, especially the past few months, consumer sentiment will be weighted more heavily in newer economic thoughts.... ie government tampering and indecision on the buying psych.
argh!
Sippn
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