Written by Jim the Realtor

February 9, 2012

Does the previous sales price impact how much people pay today?

Do buyers in Carmel Valley figure that if they are getting 20% to 30% off what the last guy paid, they did good enough?

2 Comments

  1. W.C. Varones

    Hell yes.

    Scalping the previous buyers for a good chunk is comforting when you’re nervous about other metrics.

  2. Jim the Realtor

    Could it be what drove this purchase?

    Because the view is so-so, the finishes aren’t that great, the house backs to a heavily-traveled six-laner, and the floor plan with master down and all other bedrooms up is a tough sell.

    Seems like a lot of money for that, and two others on the street aren’t flying off the market.

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