Fools are unique in their stupidity. Why buy the Camary for thousands more when you can buy an Avalon for less?
There are 5 homes with 2172 sqft selling in that community. 4 are priced between $550,000 to $560,000. One is priced at $599,000. It will take a very unique individual to pass up on the 4 to purchase the one for $599,000.
5xx closed late April, meaning it went pending late March. The distress sale at $515,000 and the new listing at $549,000 (both of which 200 sqft larger) came in late April and early May. Do you really think the proud new owners of 5xx are saying to themselves, “these homes are all different and every situation is unique.” More like, “I’ve just caught a falling knife and it hurts like hell!”
