I don’t know if they did it on purpose, but this was priced well below market at $1,295,000. On Friday it closed for $1,570,000. The open house started at noon – I got there at 2pm and it was still cranking.
This was the lowest-priced single-family-residence in Carmel Valley this year – by $200,000! It shows you that when you put a home on the open market and let everyone have an opportunity to buy it, the market will get you up close to retail. Two other listings of this model are pending, priced at $1.5 million. One of them was pending when this went on the market.
