• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Brunswick Business Daily

BRUNSWICK BUSINESS DAILY
News That Affects Your Business

  • Home
  • BUSINESS
  • REAL ESTATE

Dozens camp overnight for chance to buy $1.2 million Bay Area townhouses

by

The hopeful homeowners showed up in droves, queuing on the sidewalk in front of Santa Clara real estate development Nuevo Homes and settling into their makeshift campsites for the night. Then, they waited. 

The scene resembled some sort of bizarre Black Friday sale with a line of people stretching down the block, many of them lingering there for hours. 

The doorbuster deal in question? The chance to buy a newly built townhouse, 18 of which were listed for sale on Saturday morning at a fixed price of $1.2 million, reports NBC Bay Area. The properties were constructed by SummerHill Homes, which has completed more than 70 developments in the last 40 years, according to its website. Nuevo is among its most recent projects, debuting 331 homes as well as 20,000 square feet of retail and restaurant space in Sept. 2019.

#Update:
People waiting overnight for a shot to buy townhomes at Nuevo in Santa Clara (opening tomorrow) .. are now going to sleep in tents. pic.twitter.com/EqKPVD5zsG

— scott budman (@scottbudman) April 24, 2021

“It’s really hard to get a house in Silicon Valley,” real estate agent Nancy Reynolds told NBC Bay Area, adding that she took turns waiting in the line overnight with her clients. “And probably most people in line know which lot they want.” 

Another realtor, Jeremy Naval, said he had been at the development since Wednesday. The general consensus among those vying for one of the townhouses was that it was easier to wait in line for hours than to engage in a bidding war. 

MORE: The Bay Area real estate surge is back as COVID eases

“My client just really, really wanted to be the first one, so I promised him. I said, ‘Whatever I have to do to get you the first one, I’ll do it,’” Naval told NBC Bay Area.  

As of Sunday morning, over 240 homes at Nuevo have been sold, encompassing more than 70% of the development.

View Original Source

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Unbox Local: Shop Owners Create Business Cards From Used Amazon Boxes

Small businesses need our support now more than ever, but it seems many people are too easily persuaded by the low cost and convenience of the online … [Read More...] about Unbox Local: Shop Owners Create Business Cards From Used Amazon Boxes

Extremists Find a Financial Lifeline on Twitch

Terpsichore Maras-Lindeman, a podcaster who fought to overturn the 2020 presidential election, recently railed against mask mandates to her 4,000 fans … [Read More...] about Extremists Find a Financial Lifeline on Twitch

How Data Is Changing the Way Offices Are Run

Developers are harnessing a growing obsession with data to improve office buildings in ways that could cut costs and streamline operations, saving … [Read More...] about How Data Is Changing the Way Offices Are Run

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2023 · Brunswick Business Daily
As Amazon Associates, we earn commissions from qualifying purchases · Log in