Since the last peak, there has been one house in this neighborhood sell over $1,000,000 – and it was a month ago for $1,040,000. So this seller adapted a typical strategy for today – spread a big range around the last comp:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
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Couldn’t agree more with you.It might take few more months for the sellers to ditch the range and get on with the program.
This specific one to me looks like a 950K. At 1.1M in today’s world there better be a canyon in CV
Seems like a lot of money for a back neighbor view
But I bet it sells since it is in CV, and is empty so quick move-in possible, maybe in time for school ?
If they still lived there I would think they may just pull it off the MLS if it did not sell for the higher range but it looks like they are committed at this point.
Agreed, vacant houses are very appealing. You know the seller’s motivation should be ample, and possession not an issue.
Recently I got hit with the dreaded “COE + 3” by an old-school, should-have-reitred-long-ago agent who insisted that her sellers get three days of free rent after closing even though they didn’t need it.
That staging was about the most pathetic I ever remember seeing. Comical!