rumor: Quadrant Homes canning Gig Harbor development

[The Tim]

[Ouch!]

While Quadrant may be walking away, D. R. Horton is auctioning off many of its new properties in the Puget Sound area on Dec. 7th. Condos to SFR, starting bids are half-off the current sales prices. It'll be interesting to see the data after the auction is over.

[perfectfire]

[The Tim]

[mukoh]

DR Horton's auctions though have a caveat in they. They have a reserve on every house. Which is their cost + expenses.

[deejayoh]

Wasn't someone (I think it was Ray) talking about how much demand there was for this development in comments on the blog last year?

I remember saying at the time that deposits <> sales and receiving some response that basically I didn't know what I was talking about. guess what? Deposits <> Sales!

I wish you could search the comments on the blog. But then we'd all have things come back to haunt us, I guess.

[deejayoh]

[The Tim]

Confirmed: