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22521016, Home Buyer in Key Biscayne, FL

How come people still asking in Key Biscayne US 700 sq feet for a condo?

Asked by 22521016, Key Biscayne, FL Fri Mar 7, 2008

Some people still dreaming , asking prices around us 700.00 per sq feet in 1979 buildings at key biscayne !!
This is the same prices the new builds are asking ... and houses also... In the mean while, people are selling around us 430.00 per sq feet.... And they blame the brokers are not doing their jobs..... hahah

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2
Mott Kornicki’s answer
Not everybody is on the same page when it comes to asking prices. While the properties taht are priced realistically have a greater chance of being viewed and sold, the others; over-priced and those that are inferior may sit on the market forever. It is all about motivation, ego, greed and misinformation.
0 votes Thank Flag Link Sat Mar 8, 2008
Some properties are so unique that owner can ask a higher price, but for the regular condo, the "nothing special" ones (not only in KB) I will cite a few reasons:

1. overimprovement
2. megalomania
3. temporary insanity
4. clueless
1 vote Thank Flag Link Fri Mar 7, 2008
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