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?
by Jim the Realtor | 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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Comments on December Existing Home Sales https://www.calculatedriskblog.com/2021/01/comments-on-december-existing-home-sales.html The delay in the buying season has pushed the seasonally adjusted number to very high levels. For example, this number of sales, (NSA) in July, would have given a 5.3 million, as opposed to 6.76 million SAAR.
Hell yes.
Scalping the previous buyers for a good chunk is comforting when you’re nervous about other metrics.
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.