From: To: [email protected] Subject: Re: Date: Mon, 09 Dec 2013 20:13:05 +0000 There is a lot of activity and market is strong - not back to 2007 level but closing in. Usually 125 sales per year, already 230. Usually 250 houses for sale, now around 120. There is a limited inventory at all levels and there are buyers in market at all levels. With a few exceptions what is still unsold has been seen and passed on either for price or flaw. On low end, north end dry lots are now bringing $150 per square foot - the peak was $175+). On higher end, a newish lakefront can bring $1500- $2000 psf of finished space Chas Johnson paid $42M for 1220 SOB (Swanson's spec) which as 22,000 sf. Former Swanson spec (then Hammond) at 1275 SOB (just south of Petterfy) -17,000 sf on 200' -closed last week at $28.5M (really $31 with commissions and "furniture") sold to Jeff Lurie (Phila Eagles) and Frisbie lakefront spec at 445 Antigua -16,000 sf- (see below ) is under contract @ $32+M (asked $35.9). So 3 lakefront sales above $30 this year. The spec redo of Vera's house (630 SOB) listed by Linda Gary asked $52, now asks $49. Way overpriced for "across the street" from ocean. (Compare the Swanson spec at 101 El Bravo started out at $44 ask in 2010, now asking $37, rejected $30. Rumors are that Dwight Schar (Casa Apava - ex Perlman) has a deal in works to sell Casa Apava to an equity fund for north of $100. Seems likely that something (ex Gosman, Jim Clark, Schar, Kramer) will go for $100+ this season. On direct ocean, only Halle (ex Schulhof) offered in the $40s and Castle (ex Kennedy) not yet priced (probably S50) - both Moens. I am ok. How's by you? $35,900,000 Masi 445 Antigua - under contract --Original Message-- From: Jeffrey Epstein ,eeevacation mail.com> To: paul prosperi Sent: Mon, Dec 9, 2013 9:38 am what does the market look like, it appears weaker to me than i thought. linda gary has vera s old house on el brillo. what was the dispoisiont of swanson house? how are you? **Art.*** • *Ho • ********************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of EFTA00706342

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