The writer starts out painting a negative picture of this Los Angeles luxury condo project under construction that is being offered for sale.
Later on you find out its not so clear. A nearby project under construction actually sold at a good price so this developer may just want to lock in a profit right now and avoid the construction and market risk.
I wonder what, if anything, this portends for the Scottsdale, Tempe, Phoenix luxury condo market.
1 response so far ↓
1 Henry Shao // Jul 9, 2007 at 8:53 pm
I just published an article about Sherman Oaks real estate, in comparison to the Encino real estate market. It has lots of statistics of the key elements of those areas, such as $/sf, median days on market, etc. You may find the article at:
http://realestateandhomes.blogspot.com/2007/07/comparing-sherman-oaks-real-estate-and.html
Henry www.movot.com
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