[quote=sdrealtor]And there’s a pretty simple reason why. All the prior sales were listed lower and bid up under frenzy conditions. When those houses sold at those price levels there was one buyer willing to pay that and the buyer behind them could’ve been far less. So what do the new sellers do? They take the highest price and add 5 to 10% to it. With peak selling season past and frenzy conditions gone they sit. This is a pricing issue that’s fairly easy to fix[/quote]
Looks like in his ‘hood Treviso, current listings are at high mark of recent sales, not 5-10% higher. One of the listings just sold in May and is now back on the market at same price, very strange. Given rates, achieving those same prices today seems unrealistic.
Definitely a nice little neighborhood, but those prices are insane given HOA and tax rate, IMO.
