FYI, The 625K sale is clearly an outlier. Comps in the last 6 months for these homes are 571K, 572K and 585K. The are 3 homes currently in escrow. All have value range price…550 to 585, 579 to 599 and 579 to 609. It’s reasonable to assume that they will close with 1 to 2% of the previous comps. There are currently 12 homes for sale (that’s *%&$’in alot!) with asking ranges between 550 and 640. The one that you are referencing has a range of 539 to 579. They are trying to appear as the most attractively priced home on the street and are hoping the next offer comes to them. I’d be surprised if they sold for the 539 and a comp around 540 would have little impact on the others. A comp of 500 would. BTW, I listed and sold a home nearby that was much nicer than these for a little more and it sold in about 1 week at a fair price for all. These homes should be 550K or less.
