East SF Bay Area Residential Development LAND acquisition/construction costs
Hi everyone,
Looking for home builders/developers in the East SF Bay Area, specifically Walnut Creek but anywhere along 680 corridor to share insight on what kind of prices they are spending on lots/land acquisition ($/sf) and what you are currently seeing as your $/sf construction costs for the homes you are building. Say for deals within the last few months or so.
I have been looking at vacant lots or lots that would need existing residence torn down for new builds but the acquisition costs just seem so high right now (for obvious reasons).
I am just curios to see if your margins have slimmed down recently due to that direct relationship with the acquisition. If you have experienced the acquisition costs creeping more into your margins, when will you call it quits on that prospective deal you are analyzing, and look at the next one?
Thank you,
Rich
tag local areas: San Ramon, Lafayette, Dublin, Pleasanton, Daneville, Alamo, sf, bay area