In the past year about 17 spec homes sold in the foothills and many of them sold for what must have been a painful and disappointing price to their builders/investors;
$1,449,000/$850,000 - $1,649,000/$895,000 - $1,259,000/$900,000
$2,450,000/$900,000 - $1,650,000/$920,000 - $1,375,000/$998,000
$1,495,000/$1,000,000 - $1,775,000/$1,050,000
$2,000,000/$1,100,000 - $2,895,000/$2,100,000.
And then a few did better; $945,000/$825,000 - $1,034,900/$865,000 - $1,650,000/$1,550,000 - $3,450,000/$3,250,000
I count 20 specs still for sale, some with big price cuts, others not so much. And the most expensive of the group holding the line. See them here, along with where they were priced and where they are now.
– any bets on the next three to sell and for how much$$
3179 E Corte De Andalucia - was $1,495,000 is $975,000
6825 N Calle Mechero – was $2,350,000 is $995,000
7598 N Mystic Canyon Dr – was $1,400,000 is $1,125,000
5910 N Mina Vista – was $1,795,000 is $1,160,000
2436 E PLACITA DE LA VICTORIA – was $1,800,000 is $1,385,000
4845 E Winged Foot Dr – was $2,286,600 is $1,590,000
4900 E Winged Foot Dr – was $2,400,000 is $1,650,000
3199 E Corte De Andalucia – was/is $1,795,000
5855 E Placita De La Zuerencia – was $1,800,000 is $1,795,000
6155 N Whaleback Pl – was/is $1,850,000
2192 E Desert Garden Dr – was $2,499,000 is $2,250,000
1593 E Sahuaro Blossom Pl – was $2,800,000 is $2,290,000
3208 E Via Palomita – was $3,200,000 is $2,495,000
7755 N Ancient Indian Dr – was $2,795,000 is $2,495,000
2123 E Sentry Ridge Ct – was $2,750,000 is $2,495,000
7828 N Ancient Indian Dr – was/is $3,295,000
6700 N Saint Andrews Dr – was/is $3,450,000
7417 N Secret Canyon Dr – was/is $4,500,000
7454 N Secret Canyon Dr – was/is $5,000,000
7582 N Secret Canyon Dr – was/is $13,500,000
Once they’re gone, either because they got lucky and sold or were shelved, I don’t think we’ll see a big new flock of spec homes anytime soon. If for no other reason than lack decent building lots – I think, I hope, builders have learned that building on junk lots doesn’t cut it -squeaky tight financing for spec building and that quite a few spec builders lost their shirts this last time round.
see thefoothillsToday.com
to find your Foothills home
