[quote=sdrealtor]There were 24 offers and my point was not that if its a good price it’ll move. My point is that there were 24 BUYERS WHO SUBMITTED OFFERS IN ONE WEEKEND! [/quote]
There is demand there for good VALUE. I am basically agreeing with you.
But smart, well-to-do people (I will arrogantly include myself in this demographic) don’t throw their money away. Innumerable studies have shown that the wealthy are actually stingier with their money than the average person (which is why they have it).
So yes, there is pent-up demand, and it will come out for good VALUE purchases.
But, I could paste several URL’s of listings that are already cheap, and still have no offers. They need updating, or a new roof, etc. I’m not going to paste the URL’s because I am actively negotiating them, but two of them have been sitting idle for 6+ months with NO offers.
