Every week I receive builders email solicitation. You can sort of measure builders desperation by looking at the prices. The new home builders can afford to cut prices aggressively more than Joe home seller because to them, each home is just a commodity. Or, number on the balance sheet.
Arts District of Hyattsville
So we know from this email that Busboys and Poets is coming to the hood. And price reduced for this one home (usually a 'spec') from $470k to $399k or a 14.8% price reduction!
Centerpointe in Fairfax
This is a serious ding to their condo prices. What a 2BR now under $250? Comstock used to sell the 1BR at high-$200's pushing $300's. They even do FHA now.
Even luxury homes cut their prices on their spec homes. Actually there are two spec homes with big discount. One is below and the other one is Carlton model, that comes with over 5900 s.f., 6 BR and 5 1/2 Ba, Chef kitchen with stainless steel appliances, open floor plan for entertaining and brick patio backing to conservation area. (around Tysons Corner, Vienna)
Prices now off $70,000! It's off $70k probably for the remaining 'few?' units they have available. I love it when they say only a 'few.' My follow up question will be 'how many is few?' The answer determine how far down they're willing to negotiate.
In addition to the incentives above, they have a couple of spec homes priced from low-$300's to mid-$300's.
Midtown Alexandria Station
Ready for barbeque? The kicker - open house with barbeque for a change here.
I'll keep you posted when I see more deals coming on the pipeline. Here is my disclosure: Prices and incentives subject to change without notice. Got it?