Here’s is a good example of how fuzzy the pricing can get in any one era.
This house was on the market for a couple of months before it sold, and the week it went pending, there was a second house nearby that had tried to sell for all on 2019 with no luck. They cancelled right before Christmas while listed for $940,000, and then came back on for the same price on January 21st and sold the first day for $950,000.
This had been listed for $964,000, and closed for $935,000:
there is only one person in our neighborhood that actually uses it to park his car.
Here is some neighborhood scuttlebutt to add to this story…..
The owners were living out of state, but decided to move back to CA because they missed the weather. We have been in this neighborhood for about 7 yrs now (thanks JtR!!!) and this house has been a rental the whole time. The family renting the house at the time begged the owners to sell the house to them so they could keep the kids in their respective schools. The owners insisted that they intended to stay for the long term so they weren’t interested in selling. Well, after a few months of going up and down the stairs they said forget it!! They didn’t want to climb stairs anymore. So, they put the house on the market where it languished for some time.
a whole lot of hassle, disruption, and lost revenue could have been avoided if they just got good help from the start.
Thanks for the background info, just some guy!