Is it just me or are the beazer Umstead townhomes overpriced? (home builders, buyers)

[KodakMoment]

Does anyone think this way about them? And those single family homes next door arn't that special and cost so much money.

[coltank]

I think a lot of their stuff is overpriced. That's why they usually can't sell anything unless they are having some 'Big Sale'

[Big M]

Originally Posted by KodakMoment

Does anyone think this way about them? And those single family homes next door arn't that special and cost so much money.

Hi Kodak Moment

The townhomes overpriced too? I wrote the same thing about the SFHs yesterday on a different thread. They haven't sold single one of those! One of them is on the market for 630K. Are you kidding me? You can live around the corner at Oldstone Crossing for that and have a nice local builder.

M

[dansdrive]

The market price of homes is falling all over the country and yes in the triangle. Homes are not as over priced as others areas of the country. We seem to have stayed out of the unjustified run up as in Ca, NY, VA, FL, NV. However, we were directly linked to those areas as people sold their homes and moved here with pockets full of cash and bought homes here and drove up the prices and fueled our local governments and developers to invision massive influx of people for ever. I hope our leaders understand and react to what realestate is doing around the country and plan accordingly. If people coming do not have pockets full of cash they will reduce the amount they pay for a house and in some cases will not come at all. Are we still planning based on 2004/2005 data or is someone factoring in the housing bust that is going on and now affecting the Raligh area? I have been watching the market here and many many homes were listed in July, August, and early September. This area is finally becoming a Buyers market. This spring should see many deals on houses in my opinion. The other factor to watch is the [SIZE=2]
immigrant [/SIZE] population that surrounds the Triangle and supports the builders, lawn cutters, and contractors. In a downturn what happens to them and their families? Do they move to where the work is? If they are home builders where do they move to? I thnk they will stay and wait it out, if the down turn last several years then it will get very interesting what happens. So the short answer is yes housing is over priced in this area. But it is supply /demand that sets the price. Demand is shinking and Supply is growing so prices are coming down.

[KodakMoment]

Originally Posted by Big M

Hi Kodak Moment

The townhomes overpriced too? I wrote the same thing about the SFHs yesterday on a different thread. They haven't sold single one of those! One of them is on the market for 630K. Are you kidding me? You can live around the corner at Oldstone Crossing for that and have a nice local builder.

M

After looking at a few places it seemed to me that both the homes and townhomes are overpriced for what they are. I wonder if they get alot of noise from the airport....