Thursday, April 11, 2013

I see that Pelican Realty, the real estate firm for the developer, is still offering their 56 unsold units for sale.  For example #1201, a 4/3 is offered at $109,456 and #1116 a 2/2 is going for $100,675.

Those prices are unrealistic given that foreclosed units here are going for 40-50% of their original sale prices.  The developer is also still trying for a bulk sale of all his units.  An attempt two years ago fell through but new efforts may move them later this year.