Cossayuna Lake Topics: The Ridge

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	Name:	John C -
	Subject:	The Ridge
	Date:	12/29/2008 12:16:19 PM

that other post got really long so I broke it up here.

ALSO - if any of you have further questions, you may want to go to my blog and comment there and ask the questions in the "Leave a reply" section. I don't mind at all checking this forum, I love it, but if you leave the comment on my blog I get notified immediately and can respond faster. But, if you would rather stay here, that's OK too.

The Ridge - since so many lots and town homes in the Ridge are still owned by Russell Lands, and being sold privately by them and the results are not run through the MLS, it would be inaccurate for me to comment in general about it. However, just looking at what is publicly known on the MLS, if you look on the entire lake at waterfront homes priced at over $700,000 - right now there are 123 total for sale. By my informal count 28 are in the ridge.

Earlier this summer I seem to remember, in general, that there were like 100 for sale in the entire lake and 50 of them were in the Ridge. % wise that is quite a reduction. that tells me, again, informally, anecdotally, that homes at that price level are selling better in the Ridge. This backs up my anecdotal reactions from buyers, all things equal, they prefer the amenities there as opposed to not. But then again some buyers do not want to be inside any sort of formal development.

The Ridge builders - I am not in a position to comment on this one as I am my own broker and not affiliated with Russell Lands. In general I have noted a reduction in the number of advertised "approved builders." I also think it is an interesting trend to note that RL now owns a high end building company themselves. So will they compete with their own preferred builders? Will they coexist in a "separate but equal" status? Who knows. The situation is fluid. But if I am a builder I am asking myself these questions. It will be interesting to watch and see what effect, if any, it will have on the high end side of the market.