When trying to price a new listing in a hotter area these days, it helps to have experience from the frenzy era. We gave extra credit to the most recent sales, and hope to feed off the two new pendings that occured this month. We slipped this into the thin group of active listings with what looks like a decent price on paper:
Around San Elijo Hills, there have been numerous bidding wars lately, and of the 16 sales that closed in the last 45 days, 5 closed at or above list price, and the average SP/LP ratio was 98.4%.
Let’s give it a go!