Maybe the realtors can chime in on this but it seems to me that the attendance at the open house tells you all you need to know. If it were priced closer to what the market will bear, wouldn’t more people have attended?
As someone who has looked at a lot of new and resale homes recently, I can tell you traffic has been greater at those that are more competitively priced.
I can also tell you that Escondido does not lack for Open House signs on the weekend.
BTW, I know it’s nitpicking but Escondido consists of zip codes 92025, 26, 27 and 29. 92028 is Fallbrook.
