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spec homes

Upper Bracket "Spec Homes"

“Great Room Lite” (And Other Trends) Where: 4615 Wooddale (in Edina’s Country Club neighborhood)What: new Federal Colonial Revival with 5BR/6BA and over 5,000 FSFHow much: asking price – $1,995,000When: on market nowWho: list agent – John McDonald; broker – Edina Realty One of the fun things about upper bracket “spec homes” is that they collect...
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Spec Builders Play it Safe(r)

More Singles & Doubles, Fewer Home Runs Baseball batters facing a strong pitcher and defense adjust by hitting for singles and doubles rather than home runs. Similarly, in a tough economy, more builders and contractors appear to be adjusting by hitting economic “singles” and “doubles” rather than home runs. So, instead of paying $400k-$600k for...
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