Comments on: Monarch Flips Back to Apartment Complex http://ericbramlett.com/monarch-flips-back-to-apartment-complex/ Click here to search all Austin real estate for sale! Eric Bramlett is a full service Austin real estate broker specializing in buyer, seller, and investor representation. Mon, 12 Mar 2012 05:56:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: EstatesDubaihttp://ericbramlett.com/monarch-flips-back-to-apartment-complex/#comment-787 EstatesDubai Mon, 26 Nov 2007 06:28:57 +0000 http://www.ericbramlett.com/blog/monarch-flips-back-to-apartment-complex/#comment-787 This is always an interesting process to watch in any downtown community. Pricing fluctuates as it is in some areas, a switch like this can likely impact a whole area. This is always an interesting process to watch in any downtown community. Pricing fluctuates as it is in some areas, a switch like this can likely impact a whole area.

]]> By: Mike Taylorhttp://ericbramlett.com/monarch-flips-back-to-apartment-complex/#comment-761 Mike Taylor Fri, 23 Nov 2007 22:50:49 +0000 http://www.ericbramlett.com/blog/monarch-flips-back-to-apartment-complex/#comment-761 I think you are right to be leery about the downtown condos. I know in other parts of the country many of these buyers bought at pre-construction prices thinking they could flip the thing the day they closed and make a 100% profit. I wonder how many of these will cancel. Downtown living is really cool and a great solution to urban sprawl, I just wonder how many of these people are "real buyers". I think you are right to be leery about the downtown condos. I know in other parts of the country many of these buyers bought at pre-construction prices thinking they could flip the thing the day they closed and make a 100% profit. I wonder how many of these will cancel.
Downtown living is really cool and a great solution to urban sprawl, I just wonder how many of these people are “real buyers”.

]]> By: Eric Bramletthttp://ericbramlett.com/monarch-flips-back-to-apartment-complex/#comment-749 Eric Bramlett Thu, 22 Nov 2007 15:02:40 +0000 http://www.ericbramlett.com/blog/monarch-flips-back-to-apartment-complex/#comment-749 What's going on downtown is really cool...which is why I think a lot of buyers are throwing caution to the wind. Entry level 1200s.f. units (new construction) are in the $500k range & units half that size are starting in the $300's. I just can't see how these prices can appreciate, or at the worst - continue to stay this high.The only plus side is the # of units being purchased as second homes - a big percentage are. That will help out the pricing. What’s going on downtown is really cool…which is why I think a lot of buyers are throwing caution to the wind. Entry level 1200s.f. units (new construction) are in the $500k range & units half that size are starting in the $300′s. I just can’t see how these prices can appreciate, or at the worst – continue to stay this high.

The only plus side is the # of units being purchased as second homes – a big percentage are. That will help out the pricing.

]]> By: Sam Chapmanhttp://ericbramlett.com/monarch-flips-back-to-apartment-complex/#comment-748 Sam Chapman Thu, 22 Nov 2007 14:33:08 +0000 http://www.ericbramlett.com/blog/monarch-flips-back-to-apartment-complex/#comment-748 I'm glad to see your story and comment about being leary about the downtown condo market. I've been a bit concerned even before the lending meltdown hit. Seeing the Monarch go back I think is a good thing. I’m glad to see your story and comment about being leary about the downtown condo market. I’ve been a bit concerned even before the lending meltdown hit. Seeing the Monarch go back I think is a good thing.

]]> By: James Boyerhttp://ericbramlett.com/monarch-flips-back-to-apartment-complex/#comment-744 James Boyer Wed, 21 Nov 2007 23:34:00 +0000 http://www.ericbramlett.com/blog/monarch-flips-back-to-apartment-complex/#comment-744 From what is happening with condos in lots of other real estate marketplaces it seems like a good move. I would not want to be owning a major condo project at this time. From what is happening with condos in lots of other real estate marketplaces it seems like a good move. I would not want to be owning a major condo project at this time.

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