I wouldn’t consider it a trend, its just what flippers & developers do. I doubt these sellers will get anywhere near $2MM. Beryl is very busy street, home is under 3,000 sf and is on regular 6300 sf lot. Only thing it has going for it are views and finishes. Both those positives come with lots of traffic noise.
The house next to it (1712 Beryl) just sold after nice remodel for $1.3MM. I’m sure the finishes are not as nice but it looked good. Flippers purchased that one in July 2013 for $945k and sold for the $1.3 in Jan of this year. Perhaps this listing could justify up to $1.5 right now?
Best time to sell a home on busy street is in a hot market with low inventory. In a regular or slow market these are the properties that sit a long time or sell well below neighboring comps.
