I visited the Esperanza sales center this past weekend. The sales lady
said they had sold 30 in the first 3 weeks. Not bad if true.
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> ->>>> and read this part....
> "It was artificial demand," Goodkin said, adding that condos in those
> overbuilt locales are "a long way from seeing a recovery."
>
> In Miami, one of the most overbuilt markets, about 30,000 condos are
> under construction, both on the waterfront and near it. Many of the
> buyers of these units signed on at peak prices. The question being
> asked now: How many will show up at the closing table?<<<
>
> Actually, the greater miami area has around 70,000 units coming on.
>
> This is the big issue - who will close?
>
> Apparently The Esperanza has had a good opening - not sure on sales,
> but interest is prety good.
>
> as for the agent in spring lake, he should take another drive along
> Ocean Ave, there are quite a few that have been on the market for over
> 1 year. Last I looked, I don't quite have 5m to knock one down and
> rebuild or to shell out 6-$10 to be in Spring Lake. YOu can get a 5
> bedoom oceanfront in Long branch for $2.5....or rent.
>
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