Okay, when I saw this this morning, I just had to mention it. There’s a little 8-unit townhome complex in my neighborhood (Kenmore) that I have mentioned on here a number of times in the past. Most recently, two of the eight units were up for sale. As of this morning, four of the eight are on the market. Here’s a brief summary:
| Unit | Last Sold | Sold For | Asking | On Market |
| #2 (7212) | 01/2002 | $209,950 | $339,500 | 39 days |
| #5 (7218) | 10/2005 | $280,950 | $345,000 | 75 days |
| #6 (7220) | 12/2005 | $300,000 | $335,000 | 21 days |
| #7 (7222) | 09/2001 | $234,950 | $339,500 | 1 day |
These nearly-identical 2 bed / 2.25 bath units are between 1,418 and 1,578 square feet and come with $191 a month in dues that apparently just pays for building upkeep (as in, there are no shared areas).
Just around the corner, a developer has dumped thirty-three 2 bed / 2.25 bath 1,325 square foot units on the market for $279,000 (according to their sandwich board signs anyway) as part of an 84-unit complex. These new construction units sport a nice shared park with a hot tub and all that rot, for monthly dues of just $142. Oh, and this ridiculous-looking ad that has been on their website for a month now claims that they’ll furnish it, too.
Anybody think the used townhomes around the corner have much chance of selling at $340k? It’s like watching a super-slow-motion train wreck.