We almost finished the exterior paint but the rain came again Friday. San Antonio needs the rain but when you are so close to adding the final details it really sucks to be forced to stop. The replica historic wooden window screens I made really allow for a cool color blocking combo. The dark purple accent color is from Benjamin Moore and called Vintage Wine. Of course we had it mixed at HD in a less expensive Behr.
I am starting on the bathroom tile Monday rain or shine. I was crunching some numbers in MLS on an adjacent neighborhood after talking to a friend who has a flip there sitting on the market. Inventory levels are twice what they were in 08 and transactions are down 50% while the average sales price has stayed flat at 188k.
This neighborhood was hot when all the San Diego investors were here due mainly to the school district (AHISD) but several eventually got caught with their pants down as the market slowed last year. The small historic San Antonio neighborhood Mahncke Park on the other hand has seen a y.o.y. average price increase of over 20% as well as an increase in sales activity.
I cant wait to get the Hat Trick House done and try to set another record high sales comp. We are on budget with the rehab and our target sales price has risen due to recent sales comps pushing prices up. The cactus came up missing after I offered it to several workers. Someone came and dug it up after hours. I have to say I am sad to see it go even though we were planning on removing it for the new landscaping.