[quote=jpinpb]Here is another listing that took a hit. 3345 Lucinda Sold in August 2006 for $1,365,000. They actually started out thinking they could sell it for more w/a price range $1,375,000 to $1,575,000.
Beds/Baths: 3 / 4
Est Square Feet: 2,630 sf
Lot Size: 7,500 Sq. Ft.
It just sold for 900k. It is in coveted La Playa, not in the flight path w/some pretty nice views, juding from the photos. Maybe this was just another exception. But this high end just priced itself down in sdr’s “sweet spot.”[/quote]
Hardly. my sweet spot is homes listred between 600 and 900k. This was a short sale listed at 1.13M where the listing agent slipped in their own buyer over $200K below the asking price rather than systematically lowering the price to find the market.
Its defintely an exc eption not an open market arms length sale.
