Lake Martin Topics: So real estate is slowing down

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	Name:	bamarama -
	Subject:	So real estate is slowing down
	Date:	9/26/2006 5:26:04 PM

We have four new homes built within a 1/2 mile of our home....three were built on power company lease lots and one on a deeded lot....all four have been finished for over 6 months.....the three are all over 2K sq feet with 2 car garages...execellent finish detail....PROBLEM - they are selling for over $400K on leased lots.....the deeded lot/house is over $800K......my guess is the houses on the leased lots will sell for a little over $300K and the contractors will still make nearly $100K.....and the the home on the deeded lot will sell for over $500K......but not until next summer......should be an interesting winter for buyers and sellers.......