13058 Lookout Loop-Old Greenwood-Golf Course frontage-$675k
Slow time of the year for new listings now that we are between seasons. Listings will increase as the New Year approaches, but of course not like the spring and summer. This is a lot of house in Gray’s Crossing for $801 ppsf. There are reasons for this price, but it is still be a value for the right family.
At first glance this Schaffer’s Mill sale appears to show a relatively quick sale with 57 DOM and just 2.7% off of list price. Look more closely and you will see it was on the market for two years and sold 11% off of original list, and this is a premier lot location. The point – The market knows when a home is overpriced. If you identify a home you like, that shows the signs of being overpriced, why wait until the final price drop. Make an offer. Don’t be afraid to point to market comps to validate your position. It is not low balling when the comps support your stance.
Weekly Home Video Tour – DFRE-YouTube
This is a strong purchase for a family looking for space in Tahoe Donner and willing to spend in the $2 million range.
Best,
Doug
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