Former Speckie Undersells Current SpeediesPosted on Monday, October 3rd, 2011 at 8:30pm.
Still, when 1901 Poinsettia (5br/5ba, 3200 sq. ft.) hit the market on Monday morning, we couldn't help but think of the 5 Speedy Speckies.
Poinsettia was the last spec home by the Speedy Speckies' builder to sell in MB's Tree Section before the new crop popped up this year.
Only a couple of weeks ago, the first of the newbies posted a deal – that being 2516 Pine, last at $1.899m. (See "Your Ex(spec)tations on 2516 Pine.")
Now 1901 Poinsettia opens at $1.849m, a modest $50k below several of the remaining new spec offerings. (1601 and 1605 Pine, with smaller lots, are at $1.799m each.)
The corner-lot Caliterranean is now priced 7.5% below acquisition. Wouldn't that be a feat – to drop less than 8% since a time that was only slightly post-peak?
That one sure looks like 2600 Pine, neighbor of the one speckie to have a deal.
These were quick to build and if they're already heading to the rental option, that's also pretty quick to quit the sale market.
As with all of these, there's surely another chapter or 2 (or 3 or 4) to write before we can really assess this mini-wave of spec construction in the Trees.
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