Is this the market or is it too aggressive? I appraised a few newly constructed units recently in a development in Sacramento’s 95829 zip code. It was interesting to go into the sales office two times over 45 days only to find that prices had increased by nearly 4-6% over this short time period. Is this the story you’re seeing in the real estate trenches or is it too quick? Whatever the case, it’s definitely not sustainable over the long haul to have values increase exponentially like this.
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