tag:blogger.com,1999:blog-7480121896192413359.post3220059883628827536..comments2008-02-11T20:29:16.923-08:00MBWatcherhttp://www.blogger.com/profile/10843420698796104143noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7480121896192413359.post-62794899530686582892008-02-11T20:29:00.000-08:002008-02-11T20:29:00.000-08:00Yes great report here. Thanks for the readBaton Rouge Commercial Real Estatehttp://www.benjaminstalter.comnoreply@blogger.comtag:blogger.com,1999:blog-7480121896192413359.post-34058947761738552062008-02-11T20:28:00.000-08:002008-02-11T20:28:00.000-08:00I need to create a report like this for my area. Good jobBaton Rouge Real Estatehttp://www.jenniferdazet.comnoreply@blogger.comtag:blogger.com,1999:blog-7480121896192413359.post-44397663269056749422007-09-20T16:42:00.000-07:002007-09-20T16:42:00.000-07:00The big news is exactly what you said MBC: 2104 Palm. There existed a pervasive mentality amongst builders until just a few months back which spoke about "pushing up" the market -- the strange notion that if one builds "it" ("it" being big homes...), then MB would be a place where those millionaires would come and snap up the properties at exorbitant prices.<BR/><BR/>2104 Palm is an index example. Built to attract the "big" buyers, this strategy proved to be difficult to execute in this market. In a premier location, a well built home remained on the market 195 days, took a 18% drop in asking and sold for $ 672 psf -- and this transaction occurred before the full impact of the credit crunch was evident.<BR/><BR/>What one sees is a softening of the market, even in the high $2m+ and now even the $3m+ range.Anonymousnoreply@blogger.com