Realistic Post-Frenzy Pricing

Written by Jim the Realtor

July 31, 2022

The 3,743sf active listing across the street has been listed for sale at $2,350,000 since June 10th – but still unsold. Next door to it was a 4,398sf sale that closed on June 21st for $2,385,000 (it was a rental and needed work). It was on the market for 28 days before they found their buyer.

We are at the end of summer and while my 4,000sf listing is spectacular, we didn’t want to risk joining the other 17 houses for sale between $2 million and $3 million in this zip code that have an average market time of 34 days – they are starting to stack up! This is my logical reasoning to predict a price that will work. I’d like to help you too – my phone is 858-997-3801.

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To demonstrate the quirkiness in the marketplace, there was also a guy who came by the open house said, “I’d buy this house if it weren’t for the power lines”:

They are at least a 1/4 mile away and beyond the houses in this photo. To me, they blend into the landscape, but if any power lines are a deal-killer or you’re just looking for any reason NOT to buy, then…..

6 Comments

  1. Tob

    I wouldn’t buy anything with a view of a power line regardless a price.

  2. Jim the Realtor

    Yeah, but you’re not moving.

    If you were committed to moving and had a basket of variables to consider and knew some compromise was coming, you might re-consider.

    If the power lines were right behind you, then maybe I could understand – though I’d hand you the research that shows there isn’t any physical harm from them, just asthetic. And I’ve sold those to my buyers twice – and both were engineers.

  3. Tob

    Yeah but the problem is those powerlines every 10 or so years get replaced with bigger ones and bigger ones and bigger ones and you have no choice but to suck it up

    I’m lucky that I’m not in the situation where I have to buy. I’m afraid I would make some bad choices if I was

  4. Eddie89

    “I would make some bad choices if I was” That’s why we hired Jim Klinge! He steered us away from dozens of “bad choices” when we were house hunting back in 2017!

    Get good help!

  5. Jim the Realtor

    Thanks Eddie89! You’re up about 100% in value too, which is a bonus.

  6. Jim the Realtor

    Kayla deserves credit too – she was invaluable then!

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Jim Klinge
Klinge Realty Group

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