To judge by the most recent closed sales come in, you'd think no one knows how to price a house anymore.
We've seen markets where nearly every listing price seemed to be an overreach. Today, start prices seem to be literally just the starting points. Consider these very recent closings:
510 23rd (4br/4ba, 3200 sq. ft.) is a 2009-built Spanish in the gaslamp district.
Start Price: $2.699M
Sold Price: $2.826M
Amount Over Asking: +$127K / +4%
Note: That result was different from when the same home debuted back in 2008-09. It ran 7 months on market and sold for 16% under the asking price way-back-when, the year your kindergartner was born.
1901 Lynngrove (3br/1ba, 1100 sq. ft.) is a mostly original corner-lot cottage in Liberty Village. The home has…