Wednesday, May 31, 2006

Kara Homes Price Drop

One of the readers here posted last week that Kara Homes dropped the price of the six remaining Tradewind’s Homes by a million each to $3.75 million. I guess we should have figured that Kara was having a hard time selling these McMansions earlier in the year when they listed them with Diane Turton instead of selling the houses themselves. I looked at the sales records the other day and noticed that Kara did manage to sell a few of these houses last year above the $3.75 million level.

35 Comments:

Blogger njcoast said...

But Sally O and the NYT says that real estate is strong at the shore-especially the $2-4mill range! Don't you know its different here!

Wednesday, May 31, 2006 6:13:00 PM  
Anonymous Anonymous said...

VERY interesting..........

Wednesday, May 31, 2006 6:47:00 PM  
Anonymous Anonymous said...

I actually live year round at the shore. It is clear the market is dead where it sits. Very few houses are being sold, and the offers are way below asking price. Maybe the NYT reporter and Sally-o should come take a look before trying to pass off their tall tales.
Ask a few sellers, my neighbor is just one of the many who are not getting any offers. Buyers are scarce and they are not willing to pay top dollar.

jr

Wednesday, May 31, 2006 8:50:00 PM  
Anonymous Anonymous said...

Centex was been discounting prices for their new homes for months now just to boost sales... Kara is doing the same trend... on high-end homes... and giving free-options but not lowering PRICE of average pre-cronstruction New HOMES !!!

Thursday, June 01, 2006 12:39:00 AM  
Blogger new 200 Mbps BROADBAND over POWER LINES said...

for homebuilders !!!


Bad Omen: 30-year Mortgage rate at 6.66%

Thursday, June 01, 2006 12:56:00 AM  
Anonymous Anonymous said...

Tradewinds is certainly not the only place Kara is dropping price. I know there is a development that they have in Jackson that has seen a drop of about 15 percent. It is, of course, still wildly overpriced.

People inside Ryan Homes are saying nothing is moving either and KHov's latest public statement is about how badly things are going.

Thursday, June 01, 2006 11:50:00 AM  
Blogger pesche22 said...

i drove thru monmouth beach,asbury park and a few other
towns overthe weekend.

whats happening with all the
condos and townhouse finished, or under construction.

are they selling or just what?

Thursday, June 01, 2006 1:39:00 PM  
Anonymous Anonymous said...

pesche22- I have seen condos in the Lavallette to Manasquan area (some still unfinished) A few were sold pre-construction, but the rest are still for sale with reduced prices and/or for rent. They all have realtor signs in front but do not seem to be occupied. I am glad I didn't buy one!

Thursday, June 01, 2006 2:19:00 PM  
Anonymous Anonymous said...

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Thursday, June 08, 2006 6:15:00 AM  
Anonymous Anonymous said...

does anyone know about the Ryan homes (new) in Toms RIver (off of Clifton Ave.)?

apparently have many incentives if you go with their mortgage company, NVR.

Wednesday, June 14, 2006 11:19:00 AM  
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Tuesday, June 20, 2006 8:31:00 AM  
Anonymous Anonymous said...

be carefull of incentives for one stop shopping. it all sounds good but when you are in agreements to deal with their realtors, lenders, etc. you are then at their mercy and it seems those great incentives aren't so great. business 101, if you are getting a great deal you will pay for it one way or another, there is no free ride.

Monday, June 26, 2006 11:49:00 AM  
Anonymous Anonymous said...

Heard Kara Home is going through BANKRUPTCY, BE CAREFUL

Monday, June 26, 2006 11:50:00 AM  
Anonymous Anonymous said...

Hint #10 for . Arrange Bedrooms Neatly: Remove excess furniture. Use attractive bedspreads and window treatments, with freshly laundered curtains if you use them.

Wednesday, July 05, 2006 10:12:00 AM  
Anonymous Anonymous said...

Has the Housing Bubble popped? says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem.

Wednesday, July 05, 2006 10:15:00 AM  
Anonymous Anonymous said...

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Wednesday, July 05, 2006 1:39:00 PM  
Anonymous a Kara victim said...

Kara Homes has dropped the homes prices for over $100,000 for its new development in both monmouth and middlesex counties: i.e.:
Cottage Gate in middletown, NJ
Park Meadow at Edison
Crine West Estates at Marlboro
...

Kara has a bad reputation of poor quality and finishing. Buyers are not happy but are forced to close. I have heard many law suits against Kara.

Thursday, July 06, 2006 11:31:00 PM  
Anonymous Anonymous said...

Hint #8 for . Clean Your Closets: Neat, well ordered closets look bigger, suggesting that storage space is ample. One of any home's biggest deal-killers remains: "Not enough closet space."

Saturday, July 08, 2006 12:26:00 PM  
Anonymous Anonymous said...

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Sunday, July 09, 2006 10:04:00 AM  
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Monday, July 10, 2006 6:03:00 PM  
Anonymous Anonymous said...

. Noise does not sell well. Let the Realtor� and buyer talk, free of disturbances. Background "soft playing" music is okay, but the wrong sounds will turn buyers off. Noisy children and animals are roadblocks to a contract � and traffic, trains, and planes must be dealt with honestly, if they are part of the deal. Go here for more ideas.

Friday, July 14, 2006 8:01:00 AM  
Anonymous Anonymous said...

If you're selling your home, consider . Faded walls and worn woodwork reduce a lot more than house appeal. They cut into your price. Invest in a few cans of paint. Brighten up the interior. .

Friday, July 14, 2006 8:44:00 PM  
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Anonymous Anonymous said...

i see someone said Kara Homes is in bankruptcy and to be careful. careful of what?

Sunday, September 24, 2006 5:10:00 AM  
Anonymous Anonymous said...

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Wednesday, October 18, 2006 2:42:00 PM  
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Blogger Sharlotte said...

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