08-04-2024, 02:06 AM
(08-04-2024, 01:21 AM)Momo26 Wrote: Regarding pricing, not sure if anyone here follows...resale units are listed anywhere from 5 to 20% more than Precon pricing for the first 2 towers but selling for -5 to +10% Compared to precon. Realtor was telling me we are well and proper back to 2019 condo pricing in DTK. Thoughts?
While the precon sales were done in 2019, they were certainly not sold at 2019 pricing. At the time, the precon pricing was much higher than current market price under the assumption that prices would continue to rise.
My understanding is that in recent years, all preconstruction sales pricing bakes in a growth factor that the market is assumed to reach (or that you can convince buyers it will reach) by the time the unit is ready for occupancy a couple years after initially signing the PSA.