This video was shot in mid-April about a red-hot 2,724sf Carmel Valley listing, priced at $765,000.

The agent had a ton of interest, and raised the price twice, first to $778,000 and then to $798,000, and he had three offers over $800,000 immediately.

End result?

The bank foreclosed last week. Their opening bid? $724,956, but no takers.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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