[musicfest]

I dropped into the sales office this afternoon (april 5th) and the "sales board" shows they have about 35 units or so under contract after 5 days of selling - they started last saturday. That dosent sound too bad - but obviously includes the usual "insider" sales to developers friends etc. The majority of the sales seem to be the cheapest of the 1 brm units. It sounds like buyers (whether owners or investors) are much more cautious than past years. If i remember correctly Spire had about 200 units under contract after 5 days. Personally im happy that the crazy investor days are behind us. It will be very interesting to see how long this building will take to sell and what kinds of incentives Novare will have to offer to move units in the future.....????