I’m sitting in the BMW dealership, waiting for my car to be serviced. As always I strolled about the showroom and ran across this beauty:
That would be a 2010 BMW 650i convertible. List price = $95,070.
Being a real estate broker, the first thing that popped into my head was along the lines of, “Holy crap, you could buy a house for the price of that thing!”
Really?
Yeah, really…
At this moment in time, there are 583 homes listed for sale in the Phoenix Metro area in an “Active” status that are priced between $94,000 – $96,000.
Five hundred and eighty three.
Now some of those homes aren’t realistically priced. Many will be short sales where the listing agent is throwing out a price that the lender will never accept. But 320 of those 583 listings are NOT short sales. In fact, 166 are “traditional” sales – listings with a real owner that are neither short sales or bank owned homes.
In other words, there are a ton of homes in the Phoenix area to pick from that are listed between $94K and $96K.
Shown below are the most recently listed homes in the 94 – 96K price range.
Granted, none of these will do 140+MPH down Loop 202, but then again that BMW doesn’t include bathrooms or a pool…
Showing properties
1 - 10 of 272.
See more 94 to 96K.
(all data current as of
5/22/2012)
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$94,900 : 3134 E Mckellips Road, Unit 160, Mesa3 beds, 2.00 baths
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$95,000 : 1117 W Mackenzie Drive, Phoenix2 beds, 1.00 baths
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2 beds, 2.00 baths
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$94,900 : 1716 W Cortez Street, Unit 121, Phoenix2 beds, 2.00 baths
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$94,900 : 13643 N 103rd Avenue, Sun City2 beds, 2.00 baths
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$95,000 : 4150 W Nicolet Avenue, Phoenix3 beds, 2.00 baths
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$94,900 : 13643 N 103rd Avenue, Sun City2 beds, 2.00 baths
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$95,000 : 1855 W Desert Seasons Drive, Queen Creek5 beds, 2.50 baths
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$95,000 : 11183 W Almeria Road, Avondale3 beds, 2.00 baths
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$94,900 : 8501 W Indianola Avenue, Phoenix4 beds, 2.00 baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
I'm Jay Thompson, and I have a little blogging problem... 
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