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Market Conditions in Cypress : Real Estate Advice

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Activity 6
Fri Mar 28, 2014
Alex Montelongo Real Estate Group answered:
Even though this posting is several years old... Im going to chime in anyways. Each market is unique. Each market is affected differently. Every market was affected by the decline in values, some more than others. We are currently on the upswing. Last year the US had hundreds of thousands of homeowners that finally came out from being underwater on their mortgages/loans. They are now in positive equity positions. If you've been trying to time the market since the 90's, then you really lost out. I am not sure that you'll ever be ready to buy. Properties have increased in value significantly in the past two decades. You've got to be in it for the long haul in order to see the real value in home ownership. You could have had your home more than halfway paid off by now, written off so much of the interest over the years and accrued as much as double the value in equity.

Best of luck.
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Fri Mar 28, 2014
Alex Montelongo Real Estate Group answered:
I like the statement before mine. You left out a detail. How much is your client offering? If they are not being competitive then how can they expect to be in the running. This posting is a year old, the market has changed since then. Property is still moving but it is not appreciating as quickly as it did last year. I hope that you were able to secure something for your client.

All the best.
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Fri Mar 28, 2014
Alex Montelongo Real Estate Group answered:
There is not enough information here to go by. Keep in mind a landlord can charge a different amount for a different unit. Especially depending on the location, condition or market conditions.

Best of luck.
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Fri Jul 12, 2013
Lori Hanson answered:
If the price per square foot of the space has gone down then of course they are going to advertise it for the current market rate. That would be like saying the pound of ground beef you bought last week for $4.50 a pound is now going for $3.75 so they can't advertise it for less because you paid more. ... more
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Fri Aug 1, 2008
Margaret T. Hatcher answered:
Esther,
This will depend on the neighbothood. Not all home values have decreased. What makes you feel they have where your home is?
Margaret
0 votes 1 answer Share Flag
Thu Jul 17, 2008
Patrick Sharples answered:
Wendy,

Your price will depend on many factors. I am the Broker at Cox Commercial, Inc. and we have leased several buildings in the city, most recently 2 on Marketplace. How many square feet is the building and what is the zoning? Do the bays have in-ground lifts? What kind of visibility does it have. We recently leased out approximately 9,000 square feet of automotive space in Hawaiian Gardens off of Carson for .95/sq. ft industrial gross. We have also recently leased smaller automotive space in Huntington Beach at $1.25/sq. ft. industrial gross (1960 sq ft and 1760 sq. ft). The other agent who quoted you below was basing the pricing off of office space, not industrial, warehouse or automotive space. If you want to give me more specific info on the property, I can narrow down the price for you, even if you want to market it on your own.

Patrick Sharples
Cox Commercial, Inc.
(714) 766-6460
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