Massive 26% Markdown on Carmel Valley McMansion

[zk]

I don’t know if it’s the beginning of a CV meltdown (I hope it is), but that’s a very low (relative to recent sales) price for a 4800 sf house on an acre of useable land. In fact, I’ll be quite surprised if that doesn’t sell this week for at least the asking price. As long as it doesn’t sell for a lot more than that it will be a definite comp killer.

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[mrwrong]

I wouldn’t read too much into this one listing. Judging from its location on the map, this is definitely not “mainstream” CV and from the picture, it does not look like it has over one acre of usable land.

Mr. Wrong

[bsrsharma]

From the pictures, it doesn’t look like a million $ property. A smart bottom fisher would wait it out.

[bsrsharma]

From the pictures, it doesn’t look like a million $ property. A smart bottom fisher would wait it out.

[bsrsharma]

From the pictures, it doesn’t look like a million $ property. A smart bottom fisher would wait it out.

[bsrsharma]

From the pictures, it doesn’t look like a million $ property. A smart bottom fisher would wait it out.

[bsrsharma]

From the pictures, it doesn’t look like a million $ property. A smart bottom fisher would wait it out.

[zk]

You’re right, Mr. Wrong, it doesn’t have an acre of useable land. It doesn’t even have an especially big yard, as it turns out.

But as far as it being mainstream CV, while I’d agree that it’s not mainstream CV, I’d say that that’s because it’s more desireable than mainstream CV.

In any case, I still think it’ll end up being a lower comp than most recent ones.

[zk]

You’re right, Mr. Wrong, it doesn’t have an acre of useable land. It doesn’t even have an especially big yard, as it turns out.

But as far as it being mainstream CV, while I’d agree that it’s not mainstream CV, I’d say that that’s because it’s more desireable than mainstream CV.

In any case, I still think it’ll end up being a lower comp than most recent ones.

[zk]

You’re right, Mr. Wrong, it doesn’t have an acre of useable land. It doesn’t even have an especially big yard, as it turns out.

But as far as it being mainstream CV, while I’d agree that it’s not mainstream CV, I’d say that that’s because it’s more desireable than mainstream CV.

In any case, I still think it’ll end up being a lower comp than most recent ones.

[zk]

You’re right, Mr. Wrong, it doesn’t have an acre of useable land. It doesn’t even have an especially big yard, as it turns out.

But as far as it being mainstream CV, while I’d agree that it’s not mainstream CV, I’d say that that’s because it’s more desireable than mainstream CV.

In any case, I still think it’ll end up being a lower comp than most recent ones.

[Author]

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