“Real estate players widely acknowledge that the Bay Area condominium market is cooling. Condo marketer Paul Zeger, president of Pacific Marketing Associates, said he now sells 15 to 20 condominiums per month on a typical project, compared with 25 to 30 per month at this time last year.”
“GreenCity Lofts, on Oakland’s border with bustling Emeryville, has sold just 10 of 62 units in nine months, with a mid-range price of $750,000.”
“It’s no secret the market has slowed and there seem to be fewer buyers,” said Adam Lubow with Praedium, a Pleasanton firm that helps developers set prices and otherwise market their properties. “A lot of product has gotten priced out of the realm of affordability.”
Lennar scraps Oakland housing deal [bizjournals]

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