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Old 04-03-2018, 03:14 PM
 
Location: Mendocino, CA
858 posts, read 476,862 times
Reputation: 561

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This is the pricing history for a piece of raw land. But even so, it almost seems to me the seller is just erratically setting prices. In July it did not sell, so in Sept let's raised the price by 48%... What can be the logic behind that?

If I go in at the July price, which closer to the comps, will it be considered an insulting offer?

What do you make of this pricing history?-capture.jpg
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Old 04-03-2018, 03:21 PM
 
Location: Mendocino, CA
858 posts, read 476,862 times
Reputation: 561
I am thinking maybe the seller was testing the market with the bursting listings and swift de-listing. But then would people do this over a 5 year timeframe? Seems like a lot of energy invested in this.
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Old 04-04-2018, 09:37 AM
 
Location: Salem, OR
13,741 posts, read 31,562,927 times
Reputation: 12105
Quote:
Originally Posted by rhbj03 View Post
This is the pricing history for a piece of raw land. But even so, it almost seems to me the seller is just erratically setting prices. In July it did not sell, so in Sept let's raised the price by 48%... What can be the logic behind that?

If I go in at the July price, which closer to the comps, will it be considered an insulting offer?

Attachment 196887
Well they might be switching back and forth between totally raw land vs. improved land with a well, septic, electricity brought to the site so that it is build ready?

Without looking at the individual listings and what is included in that price it is hard to determine exactly what is happening. That would be my guess though.
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Old 04-04-2018, 09:41 AM
 
Location: Raleigh NC
7,758 posts, read 6,119,124 times
Reputation: 6883
my guess would be you can get it at the July '17 price. But all we're doing is guessing since there aren't additional and important details, as laid out by Silverfall.
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