New Home Sales - Page 2 - Striper Talk Striped Bass Fishing, Surfcasting, Boating

Slipknot · 02-02-2021, 01:58 PM

Happy Birthday Spud!

Hookedagain · 02-02-2021, 05:50 PM

Quote:

Originally Posted by Slipknot

Happy Birthday Spud!

Thanks Bruce!

Jeff it died the week of Thanksgiving! Not a bad run for a few hundred bucks.

spence · 02-02-2021, 04:43 PM

Spud, that refrigerator still running?
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Rmarsh · 03-09-2021, 06:24 AM

Since we started building five spec houses in the city......our sales team has been bombarded with offers....with some potential customers offering to outbid other buyers.
Now selling fast .......at prices that are hard to believe.
Push is on to get them done ASAP.

Hookedagain · 03-09-2021, 07:52 PM

One of the District Chiefs on the Department with me listed his house on Wednesday for $429,000...had 22 offers by Friday. It sold for $495,900. Absolutely crazy! He had people calling the realtor saying he was a "Dream Crusher" for not accepting their offer of $30,000 over asking price.

Rmarsh · 03-10-2021, 06:17 AM

Quote:

Originally Posted by Hookedagain

One of the District Chiefs on the Department with me listed his house on Wednesday for $429,000...had 22 offers by Friday. It sold for $495,900. Absolutely crazy! He had people calling the realtor saying he was a "Dream Crusher" for not accepting their offer of $30,000 over asking price.

Wow an extra $60 grand!!....unfreiking believable.
"Dream Crusher"...thats funny!....home buying has got to be very stressful right now......I've never seen such a buying frenzy....not sure whats driving it.

Nebe · 03-10-2021, 07:48 AM

Quote:

Originally Posted by Rmarsh

Wow an extra $60 grand!!....unfreiking believable.
"Dream Crusher"...thats funny!....home buying has got to be very stressful right now......I've never seen such a buying frenzy....not sure whats driving it.

Low supply. People have been hunkered down and have not. Been traveling, moving, or wanting to change where they live during the pandemic. Pair that with low interest rates and a booming economy (thank you trump) and what you have is a recipe for a housing bubble.
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piemma · 03-10-2021, 07:51 AM

We have stared thinking about a move. The numbers realtors are calling with are insane.

nightfighter · 03-10-2021, 08:12 AM

Quote:

Originally Posted by Hookedagain

One of the District Chiefs on the Department with me listed his house on Wednesday for $429,000...had 22 offers by Friday. It sold for $495,900. Absolutely crazy! He had people calling the realtor saying he was a "Dream Crusher" for not accepting their offer of $30,000 over asking price.

Prices here in Marblehead were crazy pre-pandemic... I can count on one hand the number of free standing houses I have seen listed for under $429k in the past year.... I searched MLS for 01945 and actually saw a couple price reductions, that is how high they were priced. No way I see my kids being able to buy here anytime soon....

RIROCKHOUND · 03-10-2021, 07:20 PM

Quote:

Originally Posted by nightfighter

Prices here in Marblehead were crazy pre-pandemic... I can count on one hand the number of free standing houses I have seen listed for under $429k in the past year.... I searched MLS for 01945 and actually saw a couple price reductions, that is how high they were priced. No way I see my kids being able to buy here anytime soon....

Same down here. Little 1300sqft cape with a small lot down the road went for 350k last month.....
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piemma · 03-13-2021, 08:49 AM

Quote:

Originally Posted by RIROCKHOUND

Same down here. Little 1300sqft cape with a small lot down the road went for 350k last month.....
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Bryan, same around us. Houses on our road with 3 acres, 1800 sq ft are in the high $400 to low $500K.

Won't even tell you what we are being offered with 15 1/2 acres, private pond, 4 garages and a 2500 sqft custom home but there are more zeros than I ever thought I'd see.

trevier · 03-13-2021, 10:45 AM

Quote:

Originally Posted by piemma

Bryan, same around us. Houses on our road with 3 acres, 1800 sq ft are in the high $400 to low $500K.

Won't even tell you what we are being offered with 15 1/2 acres, private pond, 4 garages and a 2500 sqft custom home but there are more zeros than I ever thought I'd see.

hard to sell with numbers like that, hard to sell when you have 15 acres also. Man that's a tough one for sure.

Nebe · 03-13-2021, 01:16 PM

Quote:

Originally Posted by piemma

Bryan, same around us. Houses on our road with 3 acres, 1800 sq ft are in the high $400 to low $500K.

Won't even tell you what we are being offered with 15 1/2 acres, private pond, 4 garages and a 2500 sqft custom home but there are more zeros than I ever thought I'd see.

Just my opinion but this is the time to cash out your chips unless you want to pass your property down to your kids. Cash out now when the market is on fire and relocate down where it’s sunny and warm and where the redfish and snook roam and enjoy the rest of your life without a worry in the world.
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nightfighter · 03-14-2021, 09:48 AM

Quote:

Originally Posted by piemma

Bryan, same around us. Houses on our road with 3 acres, 1800 sq ft are in the high $400 to low $500K.

Won't even tell you what we are being offered with 15 1/2 acres, private pond, 4 garages and a 2500 sqft custom home but there are more zeros than I ever thought I'd see.

15 acres is my neighborhood.... I know you love your land, Paul, but that is an opportunity that I doubt I could pass up vs. the chance to not have a financial worry for you and Jean, ever again.

Guppy · 03-13-2021, 06:13 PM

CC is off the wall $$$$

Rmarsh · 03-14-2021, 09:33 AM

Surprises me..... that these small five houses..... in the city... on tiny lots....would be in such high demand.....so much that there are ongoing bidding wars for them....pushing the price up to the low $400,000's.
I thought that most people want to move out of the city. Apparently there are people who have lived in this part of the city their whole life....maybe in a tenement they own and have extended family and friends in the neighborhood that they would rather stay close by. That and the limited supply of any new houses in that area. Smart guys running the company I work for..... always in the right place at the right time to capitalize on any given situation.

Hookedagain · 05-07-2022, 07:27 AM

In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.

redlite · 05-07-2022, 08:22 AM

Quote:

Originally Posted by Hookedagain

In North Attleboro they are selling mobile homes (1400 sq. ft.) in a 55 and older park for $410,000!!!
They are ordering 12 at a time and can't keep them.

And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
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Got Stripers · 05-07-2022, 11:57 AM

Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.

Nebe · 05-07-2022, 03:04 PM

Quote:

Originally Posted by Got Stripers

Our neighbor had a shoddy home built maybe eight years ago, leaked like no tomorrow and they would find one source and another would develop, the builder eventually said see you go sue me. Instead she sold it two weeks ago in three days for $680,000 cash. It’s a three bedroom I wouldn’t give you $400,000 for. I’ve hinted to Peg we should consider cashing out but I don’t see her considering it in the near future.

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
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Rmarsh · 05-08-2022, 05:14 AM

So obviously my house is worth alot more than my original investment plus improvements...but replacement costs....needing another place to live..... would negate any gain. Also is the decent sized workshop I built on the property that is something I could never go without.
The market has gone up and down with housing booms and slowdowns....high and low interest rates and now rapidly rising prices.
One thing that has never changed is my ability to find an abundance of work throughout the years........never been laid off....although sometimes i could have used a break.
Anyway...I will never sell my house....no better place out there for us. We've been here since just before the blizzard of '78... lost power for ten days......but as young newlyweds we hardly noticed.

Hoping to pass the property on to my kids when I leave...
Picture is after a snowstorm a couple of years back

Rmarsh · 05-10-2022, 04:37 AM

Quote:

Originally Posted by Nebe

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device

I dont think the cost of building a new home will level out anytime soon....Its been rising rapidly...especially in the last two years.
Same house we were selling then...went from the high $300 thousand range to now low $600,000 dollars. Our other developments with larger lots and houses are already close to or over a million.

Most likely material prices will continue to increase dramatically over the next few years......and it appears to be closely related to energy costs and policies.

At this point it doesnt seem possible that either one of my two sons, who both work hard at decent jobs will ever be able to afford even a modest new home.

piemma · 05-11-2022, 01:45 AM

Quote:

Originally Posted by Nebe

20 years from now that will be a million dollar house. People were saying this back in 2002 when there was a big boom in prices. Back then that house would have been around 300k.
Posted from my iPhone/Mobile device

We bought our land for $7,500 and build our house for $33k. All back in 73, 74. We were recently offered $1.3M. INSANE!!!

The problem is where the hell do you go if you sell? Very limited inventory and prices, as everyone has pointed out, are sky high.

Hookedagain · 05-08-2022, 06:12 AM

Quote:

Originally Posted by redlite

And I believe most trailer parks the people don't own the land at the end of the day so it equates to a pretty darn expensive camper and campsite
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You are correct, $410K for the unit itself and that park is $595.00 a month for the land lease. They do cut your grass, mulch your beds, trim bushes/trees, remove snow from driveway and walk ways and provide trash removal .hey do not have a basement being a trailer and there are so many restrictions but I suppose they are fine for the people that buy them....not for me. I build a lot of these parks and we currently have a waiting list of over 12 months to get a new unit.