Price Spread of Units | <– Date –> <– Thread –> |
From: Jasmine Gold (juturnaix.netcom.com) | |
Date: Mon, 12 Nov 2001 22:46:01 -0700 (MST) |
The Coordinating Committee for Sonoma County Cohousing (Cotati, California) is worried that there may be too big of a price spread in our projected unit prices. We are wondering how other groups decided the base price of their units (before individual lot premiums). We are currently in the construction documents phase and have just had a 12% price increase in our projected prices. This price increase has shifted some members from our largest (D) units that were filled up to the middle units that still had spaces. We are also concerned that our largest units are now overpriced. Here is our current price spread: A 2 br/1 ba, 893 sf, $212,712 B 2+ br/1.5 ba, 1287 sf, $253,468 C 3 br/1.5 ba, 1294 sf, $300,365 D 4 br/3 ba, 1508 sf, $356,754 The B units were originally priced $40,000 below the C units because they are on top of a commercial building on a busy street. This was needed in order to sell them. With the price increases, the $40,000 got increased and the higher price of the C's has made the B's more attractive. The D units had $7000 added on to their original price for being end units (and the $7000 also got increased with the price increase). Our price increase was set at a worse case scenario and now there is a good chance that our prices are going to go down some. So, we're wondering if we should be adjusting our price spread to bring down the price of the D units more than the other units. Any feedback on your prices and how you determined the price spread would be appreciated. --Jasmine _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
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Price Spread of Units Jasmine Gold, November 12 2001
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Re: Price Spread of Units Chris ScottHanson, November 13 2001
- Re: Price Spread of Units Elizabeth Stevenson, November 13 2001
- Re: Price Spread of Units Jasmine Gold, November 14 2001
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Re: Price Spread of Units Chris ScottHanson, November 13 2001
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