One thing I’ve noticed in this market is the greedy sellers pricing at some arbitrary milestone above a reasonable price threshold (500k mark, million mark, etc). For ex, if your house is worth 1.5, instead of listing at 1.485, you list for 1.65. It’s always been a practice since everyone is convinced they have the crown jewel but it feels like sellers are more insistent and more greedy with it now.
Examples include Aryana Drive, which at one point probably could have listed for 2.7-2.9 and got bid up, but instead listed for 3.395 and played price drop musical chairs. Similarly, the Coral Cove starts at 3.15 and has to reduce in less than 30 days versus listing at 2.89 or something. I’d posit that anyone who has bought a home should know better about pricing their own, and anyone who has sold one should advise better in selling, but what do I know.
