Thursday, October 05, 2017

Drip Drip Drop Why Pricing Right Matters

Two years ago this would have attracted several bids at $2.35m.  Now, as a stale listing it sits at $2.299m. 

  • 4 beds
  • 6 baths
  • 5,958 sqft
  • 1.82 acres lot
  

You'd never guess that the owner was a surgeon. 

Exquisite and one-of-a-kind gated estate in the exclusive Bella Vista Estates. Designed by architect Adriene Coulter, this impeccable custom tuscan villa combines chic & modern elements with authentic & classic Italian design standing alone in its own class of luxury & prestige.

 Listing history:

DateEventPrice$/sqftSource
09/07/17Price change$2,299,000-6.1%$385Rodeo Realty- ...
08/10/17Price change$2,449,000-1.1%$411Rodeo Realty- ...
08/07/17Price change$2,475,000-2.9%$415Rodeo Realty- ...
03/31/17Price change$2,549,000-5.6%$427Rodeo Realty
02/10/17Price change$2,699,000-5.3%$453Rodeo Realty
01/15/16Listed for sale$2,850,000$478Aviara Real Es...

Stale, stale, stale. 

24 comments:

Lawyerliz said...

Hi
What do you think a reasonable price for this house?
Why do you need 6 bathroom?

Lawyerliz said...

A mere 1,990,000?

Lawyerliz said...

Didn't we go through this the last time Around?

Anonymous said...

It must be an optical illusion but the floor appears to slant? I know I have no taste, but don't like what I can see of that painting on the left.

Anonymous said...

Anyone else having problems posting using their iPhone? Blogger seems to eat my comments. I have to post using my kindle to get my comment to show up.

Rob Dawg said...

The "problems" with this house are many. It is the surviving spouse's no expense spared personal vision. That means there would be no room to make it your own. At that price you lose potential buyers. The no expense spared is lost on buyers. The roof tiles are imported from Italy and cost more than my house. The foundation is extra strong and cost more than my house. They overpaid for everything. None mean a thing to a buyer. The Italian roof tiles look exactly like the cheapest stuff from Mexico in fact.

At this point $2.1m to the right buyer if the agent can get the owner to see reason and there is a right buyer.

Lawyerliz said...

Me too with the slanting. I thought it was a photographic error

Lawyerliz said...

Well, I can't afford any of those prices.

Lawyerliz said...

Shame, shame.

Lawyerliz said...

Over improving a house is a common error.

LBD said...

Good Morning! 🌞

The idea is not a home but a look at me toy. If it is what you want and you have the dough why not. You can't take it with you. 💸

No problem post From my I pad.

Rob Dawg said...

Waiting on fish & chips. How native.

Lawyerliz said...

Yep but few really have the dough. And almost all who over improved,regretted sorely not getting their money back

LBD said...

Fish and chips at the London Bridge before we leave. 👌

Anonymous said...

I am having problems posting on another site as well so it seems to be an iPhone/Google account issue. Maybe those two are fighting again. Lol. I'll figure it out eventually.

Anonymous said...

I spent the past two mornings washing exterior windows on an 1800 square ft house. I cant imagine having to do that for 5000+ square foot house.

Lawyerliz said...

You have slaves. Or, you hire somebody. Where are the servants quarters on this house?

Lawyerliz said...

Look, if you have a house you paid 2m $ for you have the money to get a couple of ladies to come in and clean once or trice a week

Rob Dawg said...

Next generation roombas will likely cut into the domestic servant business.

Lawyerliz said...

I wish.

LBD said...

Fish and chips at the foot of the London Bridge was very good! 😍

Buy one of those spray wash/garden hose set ups and an RV squeegee.

LBD said...

Peeping Toms window washing service. 🤡

Rob Dawg said...

Too tedious to post pictures. You will all have to wait a week.

Rob Dawg said...

New post though.