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Old Posted Oct 14, 2021, 3:00 AM
LouisVanDerWright LouisVanDerWright is offline
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Join Date: Jul 2012
Posts: 7,396
It's a pretty decent pace if that's closed transactions. What's more important is how close these sales are to their asking prices. If they sold 43% of the building alreadyat or above their "MSRP", then that's pretty solid. If they had to give a lot of discounts then that's a lot less encouraging. Then there's always the balance of which units sold. If that's 43% of the top half of the building that's also not great, but if they've unloaded an equal number of smaller and less impressive units at or near their asking prices, that's a great sign.
Real Estate Bubble 2.0 in full effect: