On Saturday, MBC opened up the virtual bidding, in a way, on 1829 Poinsettia (see "Our First Pricing Poll").
Voting has closed and the results – from 159 votes – are presented here in graphical format. (Click to enlarge.)
There's little sentiment that the home is properly priced – even with that +/-5% wiggle room we…
On Saturday, MBC opened up the virtual bidding, in a way, on
1829 Poinsettia (see "
Our First Pricing Poll").
Voting has closed and the results – from 159 votes – are presented here in graphical format.
(Click to enlarge.)There's little sentiment that the home is properly priced – even with that +/-5% wiggle room we attached to the answer. Only 5% of respondents thought that the current price of
$1.575m is right.
Considering that the home was at
$1.599m from late July through late October (3+ months) without a sale, the market has already spoken.
Alas, there's this wrinkle: as we learned in the comments, the "low offer" the sellers received when the home was priced much higher was for
$1.550m, so is that the market value, or was that just a flash in mid-year 2007?
The overwhelming sentiment here (70%) is for a price
below $1.4m. A plurality of 37% chose the range of
$1.25m-$1.4m. There are 3 recent Tree Section sales between $1.2m-$1.3m that compare unfavorably against 1829 Poinsettia, lending credence to this group's opinion on the current value – above $1.25m, but not too much.
This was our first experiment – a success in many respects, we think, but we have to work out some kinks regarding layout and learning how to ask the questions. We'll do it again soon. Thanks for your participation.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 7:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.