Short in CV

by | Feb 9, 2012 | Bubbleinfo TV, Carmel Valley, Short Sales | 2 comments

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?

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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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2 Comments

  1. W.C. Varones
    W.C. Varones on February 9, 2012 at 8:51 pm

    Hell yes.

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

  2. Jim the Realtor
    Jim the Realtor on February 10, 2012 at 7:15 am

    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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