Tuesday, February 05, 2013

Priced to Sit

Classic example of everything wrong with bad pricing and wishful thinking.

http://www.redfin.com/CA/Wrightwood/1510-Ross-St-92397/home/21899815?utm_medium=email&utm_source=myredfin&utm_campaign=listings_update

The listing says 2,240 sq ft but the Assessor says 1,788 sq ft.
Asking price is listed as $145/sf but is actually $182/sf.
The village generally sells for $141/sf. per Dataquick.
Location, location, location.  At less than 5000 sf lot this property backs up against the main highway.  Hardly the mountain retreat experience.
And finally the price.  $325,000 is just the most expensive of its type anywhere in the village and pretty much everywhere in the village is a better property.

and finally, it's boring.

1 comment:

Megan Potter said...

Very expensive...

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