July 25, 2008

Bang For Your Buck Euro Style…Are You Kidding Me?

                       z euro Bang For Your Buck Euro Style...Are You Kidding Me?       Vs.     z dollar Bang For Your Buck Euro Style...Are You Kidding Me?

Just when you thought you have seen it all, this comes along and blows you away. According to the Los Angeles Times, a home in Southern California was recently priced as 2,486,398 euros. Now I know the dollar is weak, but come on now folks. The builder and co-owner, Joe Folender will also list the dollar price of $3,895,000. His objective is to attract foreign buyers looking for a bargain during America’s economic hard times. “The dollar is weaker, we are capitalizing on the strength of other currency, whatever works, said Folender.” According to the article the trend has not become huge across the country yet, but has been seen in New York as well. You gotta love California, we set the trend for all things, both good and bad. It is hard to say how far this will go and how many agents throughout the country will utilize this practice, but one thing is for sure, people will always be looking for a bargain – both foreign and domestic.

 Here are some bang for your buck homes in the Huntington Beach area – With no euro signs!!!

8275 Cherrywood Cr: $335,000, 3 Beds, 3.5 Baths, price per suare foot $264. This condo style residence was built in 1974 and has been on the market for 86 days.

18756 Roxbury Ln: $799,000, 4 Beds, 4Baths, price per square foot $307. This single family residence was built in 2005 and has been on the market for for 143 days.

7305 Arcadia Dr: $639,999, 3 Beds, 3 Baths, price per square foot $243.  This single family residence was built in 2005 and has been on the market for 24 days.  

18737 Sinclair Ln: $779,000, 3 Beds, 3 Baths, price per square foot $300. This single family residence was built in 2005 and has been on the market for 161 days.

409 E. Utica Ave: $313,219, 2Beds, 2 Baths, price per square foot $285.  This condo styly home was built in 1989 and has been on the market for 23 days.  

19912 Sheffield Ln: $318,753, 3 Beds, 2 Baths, price per square foot $290. This single family residence was built in 1963 and has been on the market for 45 days.


  • Brian J. Murphy
    The Yen, now please don't go and give any of these people anymore bright ideas now Talyssa, LOL. No but really your point was well taken about it making more sense to do it in NY more so than Cali. It is quite a bit further. The bottom line is that the dollar will rebound and this certainly will never become a national trend.
  • Talyssa
    I saw an article regarding this several months ago in the NYT - manhattan condos were selling about 20% to foreign buyers. People from europe looked across the pond and saw that suddenly americans couldn't afford manhattan property and thanks to the dollar weakness the europeans could. But I honestly doubt its going to work as well in california. If you live in france or britain its just a hop across the ocean to manhattan. Its quite a journey to california. Maybe they should have priced it in Yen instead.
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