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Strategies & Market Trends : Paint The Table

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To: AugustWest who wrote (15176)	2/19/2002 9:06:44 AM
From: Rich1	Read Replies (1) of 23786

Other than special situations like High rises and office buildings in Major metropolitan areas and maybe some overpriced stuff in Silicon Valley I think there is no shot of blow off top in Real Estate.. In Florida WCI opens a 300 million dollar condo tower on Marco Island and sells out in 3 days. We opened some product in Celebration put 39 units on the market at a 30 percent increase over last offering and without any advertising sold 35 units in two months just working list of people that couldnt get in first phase.. Units that were 129,900 a year ago going for $150,000/$160,000 on Resale market. FArmers in Palm Beach County getting $160 to 180,000 an acre for raw land that was $80K 3/4 years ago.

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