MBB THs Dropping
Posted on Tuesday, February 24th, 2009 at 4:52am.
We'll say it again, the very idea behind building three pricey new condos right on busy MBB was "surprising," to say the least. (See "A Surprising Development on MBB.")Those start prices – now eroding.
- The big one of the group (3br/3ba, 2500 sq. ft.), legally known as 1110 John, is down 15% from start in less than a month since the listing began. That's a drop from $1.793m to $1.525m early this week.
- The middle-sized TH (2br/2ba, 1800 sq. ft.), 1108 John, started at $1.450m and has taken a big cut of $251k (-17%) to $1.199m.
- The smallest (2br/2ba, 1550 sq. ft.), 1106 John, is now at $1.149m, down $150k/-11% from start.
MBC mentioned the MBB trio in this weekend's "Sunday Opens" feature. One commenter called the finishes "quite simple" and wondered aloud whether the "European concept" behind the homes – a phrase attributed to the realtor on site – would fly in MB.
It might fly, somewhere in MB. Right there? Well, surprise us.
------------------------------------------------
UPDATE: After this story was posted, 1108 John took a price cut that made it the biggest cut of the 3 mentioned here. Details in the story are updated.
comments powered by Disqus
Print